MrJohnRoss' Account Talk

[MrJohnRoss]

The Big Business of Food Stamps... "Here's Where the Profits Come In"

"In 2011, a record 46 million people - or 1 in 7 Americans -- participated in the Supplemental Nutrition Assistance Program (SNAP), better known as Food Stamps.The increased use of Food Stamps is a huge social and political issue for America, and it's also big business. In 2011, the U.S. government spent $72 billion on Food Stamps...
Here's where the profits come in," Nestle says. "A vast percentage of Food Stamps' money goes into the pockets of soda companies and snack food companies...and also the stores that sell these foods..."

 

[nnuut]

So that the Government can force you to eat only foods that they authorize for consumption, they are so wise. Don't get caught eating more cheese than authorized for one day or it's SLAMMER TIME!

 

[MrJohnRoss]

So that the Government can force you to eat only foods that they authorize for consumption, they are so wise. Don't get caught eating more cheese than authorized for one day or it's SLAMMER TIME! View attachment 19245

...and big business is making a killing (pardon the pun) feeding the masses. Seems the whole world has gone mad.

 

[MrJohnRoss]

The markets have forced my hand. I'll be 100% C Fund as of close of business today.

You can see by the chart below that $SPX (C Fund) is outperforming $EMW (S Fund). (The general slope of the line is heading higher, which equates to outperformance).

Who knows what will happen with events in Europe in the coming days, but if things turn sour in a hurry, I have no problem moving to F or G.

Good luck everyone!

 

[Talan150]

Nice call John

 

[MrJohnRoss]

Nice call John

Thanks Talan, but one day does not make a good call. I expect tomorrow will be a down day. Markets are overextended, and the S Fund is trying to catch up to the C Fund, which was also overextended.

However, I think over the next week, at least, we should see the markets continue to climb. Let's hope I'm right. :toung:

 

[MrJohnRoss]

"Austerity is not a dirty nine-letter word. Austerity means living within your means."

Well imagine that! What if we ALL lived like that, including our own gubment??

(You all must think I'm smoking crack to suggest such a thing.)

 

[konakathy]

I think there'd be a lot of people in that crack house with you. Pass the pipe.

 

[MrJohnRoss]

Strange but true. My system has remained on a buy, even though 2 out of the last 3 days were a bloodbath. I expect we may be oversold at this point, so I wouldn't be surprised to see a technical bounce here. For the life of me, I just can't see why the market would stage a meaningful rally though. There's so much uncertainty in the world's financial problems. But that's the rational side of my thinking. My system is purely technical. So I'm putting on my game face and waiting for the next signal, which could happen at any time.

 

[MrJohnRoss]

My system remains on a buy, with no signs of weakness (yet). There seems to be plenty of uncertainty with the markets, the Euro, ObummerCare, etc. I'm surprised we're not seeing the markets tank more than they have, and my system flip to a sell. Go figure.

The dollar has been heading higher, which is bearish for the markets, and the bear flag on the VIX has broken to the upside, which is also bearish for the markets.

I think we could see lots of choppy action in the foreseable future, with the markets trying to make up it's mind on which way it wants to go. Sitting on a high cash position might not be a bad option.

Good luck everyone!

 

[MaStA]

John, what a pleasant surprise we have had so far today. Are you planning on going into July invested (TSP account of course) or are you going to bail today? Thanks!

 

[MrJohnRoss]

Decided to use my 2nd EFT today, as it's the end of the month.

Take a look at the graph below. It shows the S Fund vs the C Fund.

S has recently changed course, and is now outperforming C over the last couple of weeks. As I always want to be in the best performing fund, I've used my final monthly EFT to move to S.

Not sure if this market will continue much higher, but my system remains on a buy, so I'm riding it, for now.

Good luck everyone!

 

[MrJohnRoss]

John, what a pleasant surprise we have had so far today. Are you planning on going into July invested (TSP account of course) or are you going to bail today? Thanks!

Hope that answers your question, MaStA!

 

[MaStA]

Hope that answers your question, MaStA!

It does. Thank you much as always! I'm already in the S fund so I will continue to hold. Seasonality shows the beginning of July typically being positive so I will see what next month has to offer as well...

 

[PessOptimist]

It's IFT not EFT if you are talking TSP.

PO
acronymville

 

[MaStA]

It's IFT not EFT if you are talking TSP.

PO
acronymville

I imagine he just typo'd it and mixed IFT and ETF together lol.

 

[PessOptimist]

I imagine he just typo'd it and mixed IFT and ETF together lol.

Me too, until he did it twice in a row.

Decided to use my 2nd EFT today, as it's the end of the month.

Take a look at the graph below. It shows the S Fund vs the C Fund.

S has recently changed course, and is now outperforming C over the last couple of weeks. As I always want to be in the best performing fund, I've used my final monthly EFT to move to S.

Not sure if this market will continue much higher, but my system remains on a buy, so I'm riding it, for now.

Good luck everyone!

No big deal for the OP or us. Just clarifying for other readers.

PO

 

[MrJohnRoss]

Oops. IFT. Yup, that's what I meant.

Thanks!

 

[MrJohnRoss]

Don't expect the markets to move up too far in the near future. As you can see from this chart, the S&P recently hit the upper Bollinger Band, and has dropped back down a bit, as expected. Rarely will it exceed the upper band, and will have a tendency to pull back and "cool off".

Although the market definitely has an upward bias in the intermediate term, there's not a lot of room to go before it moves outside the upper band. I do like the fact that the PPO and the Stochastics are sloping higher. This should be a good summer rally, barring any unforseen circumstances (EU, Iran, etc.).

Good luck everyone!

 

[MrJohnRoss]

Interesting chart and article: The Best Economic Indicator In The World Continues to Be Dead On