MrJohnRoss' Account Talk

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MaStA said:
Thanks for the input. I'm going to wait until later in the day to see how things are panning out. Do you know a good place that shows the upcoming news events such as earning reports for companies, etc (like Alcoa's release yesterday that was scheduled). I've here this month has a lot of earnings reports coming out, but where do you find out about these type of things in advance?

Thank you as always!
Click to expand...

You can also try WSJ.com. Lots of good info there as well.

Good luck!
 
MaStA said:
Thank you for that link as well. Odd Alcoa isn't on yesterday's news.

Bernanke speaks on Friday :worried:
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Yah, I haven't found corporate earnings report schedules, but if you click around on the tabs above the weekly calendar there is a whole boat load of information available...:blink: way too much for me to comprehend!!
 
MrJohnRoss said:
You can also try WSJ.com. Lots of good info there as well.

Good luck!
Click to expand...

Thank you as well. I'm bailing out in my TSP account into the G. I wish I would of followed your lead when you went, but sometimes we all make painful mistakes. I didn't even notice Uptrend went out on the 4th. Hopefully I get a little back today and I will see what happens on Friday with Big Ben talking. At least I have another IFT to get back in this month.

I'm going to look at TZA this afternoon as well.
 
MaStA said:
Thank you! I wish there was a calendar showing main events. I think jpcavin posted a link once with a calendar type layout, but it had to do with bonds or something I believe. I can't remember if there were other things on it though. I'll have to try finding that link again.
Click to expand...

Economic Calendar - Bloomberg


MaStA said:
Thank you for that link as well. Odd Alcoa isn't on yesterday's news.

Bernanke speaks on Friday :worried:
Click to expand...

If you follow my link and scroll back you can find all the news you want.
http://www.marketwatch.com/story/newsviewer

MaStA said:
Thank you as well. I'm bailing out in my TSP account into the G. I wish I would of followed your lead when you went, but sometimes we all make painful mistakes. I didn't even notice Uptrend went out on the 4th. Hopefully I get a little back today and I will see what happens on Friday with Big Ben talking. At least I have another IFT to get back in this month.

I'm going to look at TZA this afternoon as well.
Click to expand...

If you read my chart you would know ;)
http://www.tsptalk.com/mb/members-account-talk/9279-realmoneyissues-account-talk-47.html#post357428

Good luck on the bail to G, I am still going to hold and thinking we might go up in the short term and I MIGHT get some of my losses back.

ONLY TIME WILL TELL...
 
RealMoneyIssues said:
Economic Calendar - Bloomberg




If you follow my link and scroll back you can find all the news you want.
News Viewer - MarketWatch



If you read my chart you would know ;)
http://www.tsptalk.com/mb/members-account-talk/9279-realmoneyissues-account-talk-47.html#post357428

Good luck on the bail to G, I am still going to hold and thinking we might go up in the short term and I MIGHT get some of my losses back.

ONLY TIME WILL TELL...
Click to expand...

Oh trust me, I watch your chart lol. Somehow I missed it though and there were some days you didn't post it so I may of missed the day he went out somehow. It's all good :)

With how many people are buying in today I wonder if that is a good sign or a bad sign lol...now I'm second guessing getting out. Plus my work computer is going extremely slow so maybe I'll just stay in...maybe it is telling me to not get out. :)
 
Stocks Have Reached the Euphoria Stage

"... Two stocks, AAPL and PCLN, have been the leaders of this bull market. Both have entered the euphoric "bubble" stage. When the Apple and Priceline parabolas break it will almost certainly signal the end of this bull market. Apple is now stretched 49% above the 200 day moving average. Anything between 50 and 60% above the mean is extreme(ly) dangerous territory... "
 
Did you buy anymore TZA? I'm really considering buying some, but I'm trying to figure out how much I want to put into it with the hopes of more decline tomorrow. This is weird to me...there are ETF's for when you think the market is going up and ETF's for when you think it is going down. What stocks are in TZA to make your share price go up when the market is going down? Or are they bonds like the F fund? Or I could be completely wrong all together and somehow you are making money from the people losing money in the bullish ETF's.

Thank you in advance for any explanation you can provide on that.
 
S&P 500 Breaks 6-Month Uptrend - Now What?

"... A lot of market participants draw simple trendlines and make decisions based on a trendline break alone. Smart guys I know do this. I can be little bit more flexible at times. I mentioned in a recent post that the 1370-1375 area was key support that had to hold. So far it has held, but the sectors where I was looking for strength to confirm any buying, underperformed once again on Monday.

So I think the chances of 1370-1375 holding are not very good. A break below those levels and we need to go back and throw up the Fibonacci Retracements. When markets are correcting, these levels help point to areas where buyers could potentially show up. ..."
 
MrJohnRoss said:
Stocks Have Reached the Euphoria Stage

"... Two stocks, AAPL and PCLN, have been the leaders of this bull market. Both have entered the euphoric "bubble" stage. When the Apple and Priceline parabolas break it will almost certainly signal the end of this bull market. Apple is now stretched 49% above the 200 day moving average. Anything between 50 and 60% above the mean is extreme(ly) dangerous territory... "
Click to expand...

Interesting article. Another good read is his article dated Tuesday, 4/3/12 "The beginning of the end." Many are saying the same...2013 will not be kingd to the stock market!!!
 
MrJohnRoss said:
S&P 500 Breaks 6-Month Uptrend - Now What?

"... A lot of market participants draw simple trendlines and make decisions based on a trendline break alone. Smart guys I know do this. I can be little bit more flexible at times. I mentioned in a recent post that the 1370-1375 area was key support that had to hold. So far it has held, but the sectors where I was looking for strength to confirm any buying, underperformed once again on Monday.

So I think the chances of 1370-1375 holding are not very good. A break below those levels and we need to go back and throw up the Fibonacci Retracements. When markets are correcting, these levels help point to areas where buyers could potentially show up. ..."
Click to expand...

Currently the SP500 is trying to hold the 1370 area. It is a fibonacci retracement from the December lows. Yesterday I charted the fibonacci retracements off the 10/4, 11/25 and 12/19 lows just as he states in his article. Also came up with the same 1288-1290 level. Also looks like the 1340 area will provide some support. Thanks for posting the informative articles!!!
 
MaStA said:
Did you buy anymore TZA? I'm really considering buying some, but I'm trying to figure out how much I want to put into it with the hopes of more decline tomorrow. This is weird to me...there are ETF's for when you think the market is going up and ETF's for when you think it is going down. What stocks are in TZA to make your share price go up when the market is going down? Or are they bonds like the F fund? Or I could be completely wrong all together and somehow you are making money from the people losing money in the bullish ETF's.

Thank you in advance for any explanation you can provide on that.
Click to expand...

Here's what TZA holds, according to Yahoo Finance and MSN Money:

[TABLE="class: yfnc_modtitle1, width: 100%"]
[TR]
[TH="align: left"]Fund Summary[/TH]
[TH="align: right"] [/TH]
[/TR]
[/TABLE]
[TABLE="width: 100%"]
[TR]
[TD]The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 2000® Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. It invests the remainder of its assets in short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality credit profiles, including U.S. government securities and repurchase agreements. The fund does not invest in equity securities. It is non-diversified.[/TD]
[/TR]
[/TABLE]
 
MrJohnRoss said:
Here's what TZA holds, according to Yahoo Finance and MSN Money:

[TABLE="class: yfnc_modtitle1, width: 100%"]
[TR]
[TH="align: left"]Fund Summary[/TH]
[TH="align: right"][/TH]
[/TR]
[/TABLE]
[TABLE="width: 100%"]
[TR]
[TD]The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 2000® Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. It invests the remainder of its assets in short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality credit profiles, including U.S. government securities and repurchase agreements. The fund does not invest in equity securities. It is non-diversified.[/TD]
[/TR]
[/TABLE]
Click to expand...

Thank you for that. I tried finding something on it, but didn't find anything...I guess I didn't try hard enough.

I bought 100 shares before the close at 19.85. I was going to buy more, but figured with this being the first ETF I ever purchased that I would take it slow lol. So now I'm supposed to cheer for the market to crash (this seems weird) lol.
 
MaStA said:
Thank you for that. I tried finding something on it, but didn't find anything...I guess I didn't try hard enough.

I bought 100 shares before the close at 19.85. I was going to buy more, but figured with this being the first ETF I ever purchased that I would take it slow lol. So now I'm supposed to cheer for the market to crash (this seems weird) lol.
Click to expand...

Not necessarily cheer, but if you know it is going to go down, take advantage of it. If the market is going to go up, buy TNA... your choice.

Their are other 2x and 1x ETFs for the RUT (Russell 2k) also. Pick your risk level...
 
MaStA said:
Go big or go home right? :)
Click to expand...

Funny you said that. I have the exact same thought sometimes when I make ETF purchases...I try to curb the feeling. As much as I feel it applies to many things in life, I'm not sure it applies to 3x leveraged ETFs :D. but, this morning when I, yet again, bought more TNA (looks like were cheering differently) it's exactly what I was thinking.

I also have a very hard time cheering for declines when I'm in TZA.
 
Mapper said:
Funny you said that. I have the exact same thought sometimes when I make ETF purchases...I try to curb the feeling. As much as I feel it applies to many things in life, I'm not sure it applies to 3x leveraged ETFs :D. but, this morning when I, yet again, bought more TNA (looks like were cheering differently) it's exactly what I was thinking.

I also have a very hard time cheering for declines when I'm in TZA.
Click to expand...

I was going to buy TNA, but I was just too weary I guess. Things tapered off throughout the day so I guess we will see what happens tomorrow. It appears that there is some major resistance at around 1372 on the S&P 500 chart. There wasn't much follow through like there has been in the past month.

Then again, as I always say, I'm not a pro with this stuff at all.
 
We've had a technical bounce here, but I'm not convinced we're done with this correction. If the pundits are correct, and we test the 1290 area, that would be another 5.8% drop from here. TZA could do very well.

Unfortunately, we can't make money in our TSP accounts during these market corrections, but at least we're not losing money while the market heads down.

It will be nice to put all that cash back to work once we get through this down draft.
 
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