MrJohnRoss' Account Talk

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MrBowl said:
Are you digging your own pool?
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Khotso said:
Jack hammer, breaker bar!? Man, how's your body holding up?!
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Taking out some massive tree stumps that the previous owner left behind. Putting in about 1800 sf of sod in a few weeks, so getting the grounds prepared. Trees and shrubs go in after the sod. Trench digging for sprinkler pipe and electrical conduit for outlets at both ends of the property. Hopefully a new tool shed before next winter hits. The front yard will have to wait until next year.

My body is tired, and my blistered hands have ripped open in several areas, but I'm trying to get this done before it gets hot in another month or so. Thanks for asking.
 
MrJohnRoss said:
Taking out some massive tree stumps that the previous owner left behind. Putting in about 1800 sf of sod in a few weeks, so getting the grounds prepared. Trees and shrubs go in after the sod. Trench digging for sprinkler pipe and electrical conduit for outlets at both ends of the property. Hopefully a new tool shed before next winter hits. The front yard will have to wait until next year.

My body is tired, and my blistered hands have ripped open in several areas, but I'm trying to get this done before it gets hot in another month or so. Thanks for asking.
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The best remedy for blistered hands is to hold a cold beer. You've earned a few!
 
Mr Market is attempting to put in a foothold here, but not sure this down wave is complete yet. The dollar is also attempting to stabilize and head higher, which is causing commodities to drop. Gold, silver, miners and oil are all lower today.
 
MrJohnRoss said:
Mr Market is attempting to put in a foothold here, but not sure this down wave is complete yet. The dollar is also attempting to stabilize and head higher, which is causing commodities to drop. Gold, silver, miners and oil are all lower today.
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I'm hoping that you are correct so that my first IFT can move me back in. I'm in the garage right now licking my wounds and changing the oil.

Frank
 
Stock Market About Ready to Plunge! ~ Brad Gudgeon

"... When you look at this likely projection, you can see what may happen in the future with the stock market and why. It all has to do with monetary stimulation or lack of vs. the other world currencies. To begin with, that wasn't the case as silver and gold had gotten ahead price wise, and were due for a pull back. Now we are danger of deflation and that will be affecting the stock market.
Eventually, we will likely see massive inflation, which will likely derail the economies of the world and lead us into a massive collapse from 2018-2020. I have 2485 as the final top in the S&P 500 in 2018. We are closer to a top than bottom. There is far more risk to the down side than reward on the upside. I believe we will see under 1700 in October this year, a new high in early fall 2016 and under 1500 by July 2017. I believe we will see 10-17% pull backs as being normal, with a 20% this year and perhaps another sharp pull back in the summer before rallying to new highs again and then falling hard..."
 
Good morning. Nice to see a hefty gain for the markets to start the week. Hoping to see this upwave continue into early next month. Then it may be time to consider an exit. Timing the market this year has been extremely challenging. Very near 100% equities in all my accounts, so we should be raking in some nice cash.

Unless and until the Transports and the NYSE Composite can make new highs, I'm still uneasy about this market advance. Seems that fewer and fewer stocks are participating in these advances.

The dollar is making another upswing, so commodities are plunging as a result. This seems to be a recurring theme. Lightened up on some of my miners today, as I don't see the dollars strength abating anytime soon.
 
EOM and EOQ window dressing going on. Mr. Market is lurching back and forth. Perhaps we'll get another stair-step function. The S&P RSI is fair valued at 50. All other indicators are neutral, so there's no bias either upwards or downwards. $EMW looks slightly better, so just letting it ride.
 
MrJohnRoss said:
EOM and EOQ window dressing going on. Mr. Market is lurching back and forth. Perhaps we'll get another stair-step function. The S&P RSI is fair valued at 50. All other indicators are neutral, so there's no bias either upwards or downwards. $EMW looks slightly better, so just letting it ride.
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Agreed...and as long as the SnP closes at or above where we are now (2077ish) I think we are good for tomorrow.
 
jpcavin said:
You noticed that too? I'm not crazy after all! :D Even though price is a little lower today, momentum looks a little stronger.
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Mcqlives said:
Agreed...and as long as the SnP closes at or above where we are now (2077ish) I think we are good for tomorrow.
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Yes, it's nice to enter the month fully invested. That way, you can use your two IFT's to move to safety, back to equities, and still use your final emergency move to G if absolutely necessary.
 
Good morning. Nice to see the markets shake off the "bad" unemployment report. Bad news is usually good news for the markets, so the rebound was not unexpected. The biggest fly in the ointment that I see is the Transports, which continue to sag lower. That does not bode well for the markets in general. Eventually, the Industrials need to join the Transports, or vice-versa. They cannot diverge indefinitely.

The dollar is making a wave lower, which is helping commodities move higher. This should also help the I Fund gain some traction.

Staying long the S Fund, but the markets are a little shaky here. Keeping a wary eye on things to see how they play out over the next few days.
 
Looks like AAPL is bouncing off of it's 50 DMA, and making a move to the upside. This should be good news for the future of the Dow, S&P, Nasdaq, and QQQ. Small caps are lagging a bit today.
 
The Trannies are up a bit today, but it sure doesn't look like a meaningful rally. And what's up with the R2K? Guess the small cap rally may be running out of steam. The first few months of the year are usually the strongest for small caps, so I'll need to look at the charts tonight to see if we're starting to rotate out of favor.
 
Updated chart of the NYSE. Rising wedge pattern is going to come to an end in the very near future. Will it finally break through that upper resistance line, or will it fail?


NYSE.png
 
I have the highest degree of confidence that I would like it to break the level and go up exponentially rather than fail.

Goo luck to us all. :smile:
 
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