MrJohnRoss' Account Talk

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So does it look like lower markets to come in May like in previous years. I have been cautious this month so far but I think that it has worked against me. Thanks for the flag info, I will keep my ear out.
 
Just keep your arms inside the windows on this frieght train of accelerating prices - you are in a mega trend secular bull market similar to 1982. And exit the ramp at your own risk.
 
So John if your system moves back to a buy for TSP and you move back in will you sell your TZA shares or hold onto them until you can at least break even/make a profit (however long that will take)? Looks like J Trader may be going short today so if he is right we may get a nice pop in TZA tomorrow. I'm considering buying a few more shares before the close. We shall see...
 
MaStA said:
So John if your system moves back to a buy for TSP and you move back in will you sell your TZA shares or hold onto them until you can at least break even/make a profit (however long that will take)? Looks like J Trader may be going short today so if he is right we may get a nice pop in TZA tomorrow. I'm considering buying a few more shares before the close. We shall see...
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I'll be selling my short positions tomorrow and going long.
 
MrJohnRoss said:
I'll be selling my short positions tomorrow and going long.
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Gotcha. So do you predict a down day tomorrow in time for you to move into the S fund as of COB for an up day from Monday forward, or do you see tomorrow being a positive day as well?

I guess it doesn't really matter and we can't really predict it...just making some chatter. :)
 
MaStA said:
Gotcha. So do you predict a down day tomorrow in time for you to move into the S fund as of COB for an up day from Monday forward, or do you see tomorrow being a positive day as well?

I guess it doesn't really matter and we can't really predict it...just making some chatter. :)
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My indicators are more intermediate term, not day to day predictors. With that being said, the market looked like it was heading lower at the close today, and futures are down slightly as I type this. All that could change by morning.

However, one of the things I watch for is for the Fed to pump money into the markets on Fridays. Why? Because they want people to feel good about the economy over the weekend. Example: If the stock market goes down 200 points on a Friday, people get worried and will keep their wallets closed at the stores, because they are afraid that the economy is turning bad. :(

On the other hand, if the stock market goes up 200 points, people get a good feeling about the economy, they think about their retirement accounts getting wealthier, and everything in the economy seems a little rosier. Hey! Let's go out for steak dinners and go buy that new BBQ grill and get you a pretty new dress! Otay! :nuts:

Just a theory I have. Don't have the stats to back it up, but I wouldn't be surprised if the money masters aren't really doing this to "trick" the avg consumer.
 
MrJohnRoss said:
My indicators are more intermediate term, not day to day predictors. With that being said, the market looked like it was heading lower at the close today, and futures are down slightly as I type this. All that could change by morning.

However, one of the things I watch for is for the Fed to pump money into the markets on Fridays. Why? Because they want people to feel good about the economy over the weekend. Example: If the stock market goes down 200 points on a Friday, people get worried and will keep their wallets closed at the stores, because they are afraid that the economy is turning bad. :(

On the other hand, if the stock market goes up 200 points, people get a good feeling about the economy, they think about their retirement accounts getting wealthier, and everything in the economy seems a little rosier. Hey! Let's go out for steak dinners and go buy that new BBQ grill and get you a pretty new dress! Otay! :nuts:

Just a theory I have. Don't have the stats to back it up, but I wouldn't be surprised if the money masters aren't really doing this to "trick" the avg consumer.
Click to expand...

I see. Well I guess we will see how this pans out...with how things have been going (up, down, up, down, etc.) tomorrow could be a down day.
 
MrJohnRoss said:
However, one of the things I watch for is for the Fed to pump money into the markets on Fridays. Why? Because they want people to feel good about the economy over the weekend. Example: If the stock market goes down 200 points on a Friday, people get worried and will keep their wallets closed at the stores, because they are afraid that the economy is turning bad. :(

On the other hand, if the stock market goes up 200 points, people get a good feeling about the economy, they think about their retirement accounts getting wealthier, and everything in the economy seems a little rosier. Hey! Let's go out for steak dinners and go buy that new BBQ grill and get you a pretty new dress! Otay! :nuts:

Just a theory I have. Don't have the stats to back it up, but I wouldn't be surprised if the money masters aren't really doing this to "trick" the avg consumer.
Click to expand...

I don't know, I think the average consumer puts their retirement money in something like a TSP L-fund and only checks the performance when the quarterly statement comes in the mail. I doubt most people have any clue how the stock market is doing on any given weekend.
 
Sensei said:
I don't know, I think the average consumer puts their retirement money in something like a TSP L-fund and only checks the performance when the quarterly statement comes in the mail. I doubt most people have any clue how the stock market is doing on any given weekend.
Click to expand...

You know, you're probably right Sensei! I'm constantly amazed at how stupid the general public really is. Very sad.
 
rcknfrewld said:
I think we would all be better off checking in every quarter...than every day
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In order to understand market behavior, I believe you really need to study how it behaves on a day to day basis. This gives you a "feel" for the market, and, I believe, a better understanding of market behavior.
 
FYI, I'm "all in" TQQQ in my 401k and Roth IRA's. Avg price ~ $115.

The market better not implode next week. Heh heh heh. :blink:

C'mon Birch, do your magic. :cool:
 
The risk for most people on the platform is that the market explodes next week - rocketing much higher past SPX 1440.
 
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