RealMoneyIssues
Well-known member
That's right! So we better start partying like it's 1999!
Mai Tai's, Blue Hawaiians and brewski's on me!y'all come on over.
See you in June
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MrJohnRoss' Account Talk
- Thread starter MrJohnRoss
- Start date
See you in June
MrJohnRoss
Well-known member
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..."
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..."
MrJohnRoss
Well-known member
That's right! So we better start partying like it's 1999!
Mai Tai's, Blue Hawaiians and brewski's on me!
0oooh! Blue Hawaiian??? Never tried one! What's in it?
Never mind, it doesn't matter... I'M IN!!! :laugh:
MrJohnRoss
Well-known member
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!
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!
MaStA
Member
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?
MrJohnRoss
Well-known member
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!
MaStA
Member
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
Well-known member
Glad to see you back Birch!
FAB1
Well-known member
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.
MrJohnRoss
Well-known member
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."
"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."
jkenjohnson
Active member
Welcome back BT.
Mcqlives
Active member
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.
MrJohnRoss
Well-known member
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
MrJohnRoss
Well-known member
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.
clester
Well-known member
Agreed. Good test of the 50 dma and a good place to buy if you have dry powder IMO.
MrJohnRoss
Well-known member
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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