MrJohnRoss' Account Talk

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Another reason to be cautious...

586 Billion Caution Flags...

"Over one month ago I constructed the following chart that described the two previous occasions where the largest market cap company in the world went parabolic. Not surprisingly, on both occasions it marked the beginning of the end of the run in equities..."
 
konakathy said:
That's right! So we better start partying like it's 1999!

Mai Tai's, Blue Hawaiians and brewski's on me! :D y'all come on over.
Click to expand...

0oooh! Blue Hawaiian??? Never tried one! What's in it?

Never mind, it doesn't matter... I'M IN!!! :laugh:
 
Not too bad of a day for the market. I'm thankful that we didn't have a heavy loss, as the S&P was only down slightly, and the Nasdaq was actually up.

Thought I'd try my hand at a little TA...

Here's a look at the S&P 500. Notice the rising wedge (the green rising line and the red line above it)? That's a bearish pattern, and was broken to the downside recently. Not a good sign. I would expect the next support area to be near the 1340 area, a drop of about 4% from here. Let's hope it holds.

Both the MACD and the Stochastics Indicators have crossed over and are heading down. I would be surprised if we got any kind of rally tomorrow, but as Tom has shown, the Thursday before Good Friday has typically been a strong day. We'll have to wait and see which force wins out.

Good luck everyone!

$spx.png
 
MrJohnRoss said:
I would be surprised if we got any kind of rally tomorrow, but as Tom has shown, the Thursday before Good Friday has typically been a strong day. We'll have to wait and see which force wins out.
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JR, I think today is the Thursday before Good Friday isn't it...?

I don't think we will see anything tomorrow since the markets are closed, correct?
 
MaStA said:
JR, I think today is the Thursday before Good Friday isn't it...?

I don't think we will see anything tomorrow since the markets are closed, correct?
Click to expand...

d'oh.jpg

Of course you are correct. Taking tomorrow off from work, and I've lost all track of the days. Must be from lack of donuts. Mmmmmmm donuts!
 
MrJohnRoss said:
View attachment 18493

Of course you are correct. Taking tomorrow off from work, and I've lost all track of the days. Must be from lack of donuts. Mmmmmmm donuts!
Click to expand...

lol I thought for a minute maybe I was crazy or my computer's calendar was wrong.

I'm taking tomorrow off as well lol. My boss is on leave and doesn't really care since I'm on my last couple months here as a recruiter. Plus I don't have anything scheduled for tomorrow anyhow so no one will miss me. :) I'll be taking the entire month of June off before I move the first week in July so that will be a nice rest that I haven't had in a while. I have over 80 days of leave so I need to use some anyways.

My car needs a wash badly, but it has been chilly up here in Michigan the last few days. I may have to man it up and do it anyways because every time I look at my car I'm like yuck...
 
MrJohnRoss said:
This is a chilling article, if you're brave enough to read it...

The Money Masters Are Living In Fear

Click to expand...

The Dodd-Frank bill that people thought would regulate the finance industry does little to address the problems of derivatives, largely due to the money masters’ lobbyists that influenced the bought politicians to not put limits on the gravy train. We have a system where: laws are written by the servants of the money masters, the regulators are appointed by these same servants, CDS policies were written by the money masters, premiums were paid to the money masters, fees were taken by the money masters , but no payouts will be permitted by the money masters. Do not expect the paid politicians or regulators to do anything about this.

Its Good to be Kings. :rolleyes:
 
"The S&P 500 has risen every April for the past five years. The index has returned an average of 4.5% in April over the same period, making it the best month for the market by far." Sure glad I'm scared to death of the lily pad and the F fund.
 
The Indicator That's Predicted Every Single Rally Leg in 2012 May Be the Key to Predicting a Market Top

"Wall Street tends to inundate us with the kind of complex analyst-crafted research that makes us "simple folks" believe that investing should be left up to the "pros."
But KIS (Keep it simple) isn't dead and there's one deceptively easy-to-understand indicator that's identified the beginning of every rally leg since 2012 began.
This little-known indicator not only provides buy signals, it also - and in the current market condition, more importantly – reveals when up side momentum is broken."
 
Birchtree said:
"The S&P 500 has risen every April for the past five years. The index has returned an average of 4.5% in April over the same period, making it the best month for the market by far." Sure glad I'm scared to death of the lily pad and the F fund.
Click to expand...

Welcome back BT.
 
MrJohnRoss said:
The Indicator That's Predicted Every Single Rally Leg in 2012 May Be the Key to Predicting a Market Top

"Wall Street tends to inundate us with the kind of complex analyst-crafted research that makes us "simple folks" believe that investing should be left up to the "pros."
But KIS (Keep it simple) isn't dead and there's one deceptively easy-to-understand indicator that's identified the beginning of every rally leg since 2012 began.
This little-known indicator not only provides buy signals, it also - and in the current market condition, more importantly – reveals when up side momentum is broken."
Click to expand...

That's the ETF monitor. I'm guessing you do not subscribe since you are in the G fund and they called for a buy last week. If you are, congratulations, a friend of mine is a day trader and he swears that they are accurate the majority of the time.
 
Mcqlives said:
That's the ETF monitor. I'm guessing you do not subscribe since you are in the G fund and they called for a buy last week. If you are, congratulations, a friend of mine is a day trader and he swears that they are accurate the majority of the time.
Click to expand...

Hey Mcqlives,
I don't subscribe, just saw the article and thought it was interesting. Are you a subscriber? Never used this indicator before, but might be more inclined to keep my eye on it in the future. I also hope that other people will look at these "little known" indicators as a way to determine when to be "in" or "out" of the market.

Good luck!
JR
 
Betting on the downside... Bought 300 shares of SQQQ this morning at 11.038. If we get a mild market correction, there's good money to be made. If the markets still look weak tomorrow, I may buy more.
 
Birchtree said:
You may be three weeks to late - we could see the bottom today.
Click to expand...

Oh, you're absolutely right, we could see the bottom today. There's never any guarantees with the stock market, that's for sure. However, the trend is definitely turning down. As a swing trader, I believe in betting on the trend. Only time will tell, right? That's why I like posting my moves in real time. You'll get to see me either be the hero or the goat.

Fun, eh? :blink:
 
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