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MrJohnRoss' Account Talk
- Thread starter MrJohnRoss
- Start date
jpcavin
Well-known member
That's why I'm in. I don't want to miss all the steps leading up to April. Cheers! :beerchug:
O
OBXTrader
Guest
I went from zero to all-in since earlier this month in all investment accounts so of course I am bullish. Honestly, these daily ups and downs are not bothering me much. I will take two steps up and one back for another 3 weeks please. The numbers are kind of big now, so 1% down just looks more scaaaaaaary.
Yesterday, S&P down 10 points and it sounds bad as does Dow down over 100 points. They just need to knock off one digit from these indexes.
Yesterday, S&P down 10 points and it sounds bad as does Dow down over 100 points. They just need to knock off one digit from these indexes.
jpcavin
Well-known member
Are you anticipating an April mini correction like last year?
Noooo! If I get out now, I will be stuck in G and will have to wait for an entry in April...thus missing out on the current stairway to the top. :wink:
MrJohnRoss
Well-known member
The McClellan Oscillator for the S&P 500 has finally produced a buy signal. For some reason, this does not give me a warm and fuzzy feeling. This market advance just feels like it could change at a moments notice.
I should be happy with the nice 54 point weekly gain for the S&P, and 378 point weekly gain for the Dow. All my investments are at record highs, so yes, I am thankful.
I think the big news this week is the dollar bubble bursting, or so it seems. The chart of UUP looked like a ski jump, so we all knew it wasn't sustainable. Sure enough.
Commodities are climbing as a result. Gold, silver, oil... you name it, have all turned the corner and are making a meaningful upswing. How long it lasts is the big question.
Super moon, total lunar eclipse, and spring solstice, all on the same day. Is this an omen?
Let's see what next week brings. Hope everyone has a nice weekend. I'll be moving dirt all weekend.
I should be happy with the nice 54 point weekly gain for the S&P, and 378 point weekly gain for the Dow. All my investments are at record highs, so yes, I am thankful.
I think the big news this week is the dollar bubble bursting, or so it seems. The chart of UUP looked like a ski jump, so we all knew it wasn't sustainable. Sure enough.
Commodities are climbing as a result. Gold, silver, oil... you name it, have all turned the corner and are making a meaningful upswing. How long it lasts is the big question.
Super moon, total lunar eclipse, and spring solstice, all on the same day. Is this an omen?
Let's see what next week brings. Hope everyone has a nice weekend. I'll be moving dirt all weekend.
bmneveu
Well-known member
Little too early to be digging your own grave, don't you think? :laugh:
MrJohnRoss
Well-known member
Well, for whatever reason, the pattern has continued. Which of course means tomorrow will be an UP day! Yee!
slayer72
Member
uscfanhawaii
Active member
Unfortunately, the market does NOT! :rippedhand::rippedhand:
MrJohnRoss
Well-known member
Updated graph of the 60 minute S&P 500:
Looks like yesterday was a short term high for the market. Notice the PPO reached the 0.5 level, and the RSI got in the red zone. A cooling off period soon commenced.
Downside momentum looks pretty strong here. Possible support in the 2083 area, but wouldn't be surprised to see it head down for a re-test of the 2040 area.
The stair-stepping up, down pattern is now over. Time for Mr. Market to throw another curve ball for us. :blink:
Looks like yesterday was a short term high for the market. Notice the PPO reached the 0.5 level, and the RSI got in the red zone. A cooling off period soon commenced.
Downside momentum looks pretty strong here. Possible support in the 2083 area, but wouldn't be surprised to see it head down for a re-test of the 2040 area.
The stair-stepping up, down pattern is now over. Time for Mr. Market to throw another curve ball for us. :blink:
JTH
Well-known member
Good call...fkin IFT limits
MrJohnRoss
Well-known member
Updated chart of the 60 minute S&P 500:
That's a pretty steep and wicked waterfall we're going over right now. I wanted to make an IFT to the G Fund, but had a meeting that lasted just past the deadline. Dang. Well, maybe that's a good thing, because we may be close to a short term bounce here. RSI is in oversold territory, and any further decline will take us further away from the 50 MA. Markets tend to want to snap back if they get stretched too far. As I said previously, the 2040 area is the next logical support. If we break that, then the 200 DMA would be the next support, which is roughly at 2010. Let's hope we don't have to re-test the January lows, which are around 1980.
That's a pretty steep and wicked waterfall we're going over right now. I wanted to make an IFT to the G Fund, but had a meeting that lasted just past the deadline. Dang. Well, maybe that's a good thing, because we may be close to a short term bounce here. RSI is in oversold territory, and any further decline will take us further away from the 50 MA. Markets tend to want to snap back if they get stretched too far. As I said previously, the 2040 area is the next logical support. If we break that, then the 200 DMA would be the next support, which is roughly at 2010. Let's hope we don't have to re-test the January lows, which are around 1980.
MrJohnRoss
Well-known member
On a personal note, I work 9 hour days, get home, grab a bite to eat, then head out back with a jack-hammer, shovel, breaker bar and wheelbarrow. I work until it's too dark to see, then come in to shower and get ready to do it all over again the next day. Very little time to do much market research right now, so pardon my short posts. Someday, perhaps in the next month or so, I should have most of the back yard done (even though it's NEVER done).
konakathy
Well-known member
That's why I live in a condo! I only have enough energy to tend to my container garden after work. Have fun....I'm sure it will be well worth all the effort when you're done. :biggthumpup:
Khotso
Well-known member
Jack hammer, breaker bar!? Man, how's your body holding up?!
MrBowl
Well-known member
Are you digging your own pool?
MrJohnRoss
Well-known member
One More Rally (and Then a Huge Drop Expected) ~ Brad Gudgeon
Mostly Elliot Wave analysis, with OBV thrown in for good measure. He's not always right, but he sure makes some gutsy calls, which makes for interesting reading. :hypnotized:
Mostly Elliot Wave analysis, with OBV thrown in for good measure. He's not always right, but he sure makes some gutsy calls, which makes for interesting reading. :hypnotized:
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