MrJohnRoss' Account Talk

[CrabClaw]

Been working on an improved version of my timing system. This one should get me out closer to the tops, and back in closer to the bottoms. I will post those signals here on my thread.

I will be also using it to time entries into my Roth IRA's using URTY and SRTY. If anyone's interested, I can also post those signals here.

We are getting close to pulling the trigger, but not quite yet. Will be interesting to see how it performs going forward.

A technician's work is NEVER done. (It's not really work if you love to do this kind of stuff.) :nuts:

Good luck!

I am always interested in your point of view JR. thanks!

 

[GUCHI]

Read up on stop losses, this was one I would have recomended following with a $40 or $50 stop loss on the way up.

ilovetds iwill check on stop losses, thanks. this is why i love this site so many willing and helpful folks!!!

 

[k0nkuzh0n]

Been working on an improved version of my timing system. This one should get me out closer to the tops, and back in closer to the bottoms. I will post those signals here on my thread.

I will be also using it to time entries into my Roth IRA's using URTY and SRTY. If anyone's interested, I can also post those signals here.

We are getting close to pulling the trigger, but not quite yet. Will be interesting to see how it performs going forward.

A technician's work is NEVER done. (It's not really work if you love to do this kind of stuff.) :nuts:

Good luck!

When does your system (or new system) determine signals? While the market is open or after it closes?

 

[MrJohnRoss]

Signals can be seen during market hours, but since it's dynamic, things could change during the day.

 

[MrJohnRoss]

First day of the month, and the big money managers are shoveling money into the markets. Obviously they are stoked!

Looks to me like this could be a repeat of 2012, when the market kept climbing higher week after week all the way into early April until we saw it break. (See first blue box in chart below).

Now we're in the second blue box, and things are looking very strong again. My finger is obviously off of the "sell" trigger for now.

During strong markets like these, it's great to be fully invested, but it's a good idea to keep your eye on the gauges for signs of when the trend might change.

Good luck!

 

[sniper]

I wonder if today's market reaction was due to congress extending the deadline for the debt ceiling. I read something about congress passing an extension yesterday and thought the market would react positive

 

[nnuut]

I wonder if today's market reaction was due to congress extending the deadline for the debt ceiling. I read something about congress passing an extension yesterday and thought the market would react positive

I think that had something to do with the over reaction today.

 

[MrJohnRoss]

I wonder if today's market reaction was due to congress extending the deadline for the debt ceiling. I read something about congress passing an extension yesterday and thought the market would react positive

You may be right, but also the first day of the month is typically a strong day for the markets.

 

[MrJohnRoss]

I wonder if today's market reaction was due to congress extending the deadline for the debt ceiling. I read something about congress passing an extension yesterday and thought the market would react positive

Also, like your tagline says: "Trade the chart, not the news." I like that.

 

[Birchtree]

The market is rallying because amother dead beat (Stephan Chu) has resigned from the BHO administration.

 

[MrJohnRoss]

The market is rallying because amother dead beat (Stephan Chu) has resigned from the BHO administration.

But John Kerry got confirmed. Doesn't that mean the market should have gone down?

 

[Birchtree]

We'll have to wait and see how many times he trips on his tie - maybe he has been reborn to be a decent person.

 

[MrJohnRoss]

If I was holding the I Fund, I would have sold this morning and gone to cash.

Both the C and S Funds are flirting with sell signals, especially C. I am holding S for now.

If tomorrow is a strong down day, it could pull the trigger.

The markets may also provide an opportunity to buy TZA or SRTY in my IRA's. I savor the opportunity.

Good luck!

 

[Birchtree]

I'm waiting for the time when the dollar and markets are positively correlated and moving in the same direction.

 

[MrJohnRoss]

Both of my son's worked for In-N-Out as one of their first jobs when they were in high school. Excellent organization, and they are wildly popular here in CA. Burgers, fries, and shakes is all they make.

I knew that this young owner inherited the business, but I found it rather amazing that she's already a Billionaire.

Youngest American Woman Billionaire

 

[sniper]

If I was holding the I Fund, I would have sold this morning and gone to cash.

Both the C and S Funds are flirting with sell signals, especially C. I am holding S for now.

If tomorrow is a strong down day, it could pull the trigger.

The markets may also provide an opportunity to buy TZA or SRTY in my IRA's. I savor the opportunity.

Good luck!

I fund had a nasty drop, I went TZA this morning since I saw some indicators telling that down direction were likely + a shooting star candle yesterday. Confirmation today with a lower low, where my buy stop was at (11.03, triggered at 11.01, which i don't mind though)

I'm predicting a down month for february and the IWM gap at 84.43 gets filled. The one at 77.68 likely around september. I'd be really surprised if the next move is a major correction instead of just a healthy pullback.

 

[MrJohnRoss]

I'm waiting for the time when the dollar and markets are positively correlated and moving in the same direction.

Hmmm... sounds like you really ARE a technical analyst and market timer after all!

If you are interested in watching for when the dollar and markets tend to positively correlate, then I think you would like John Murphy's latest book: "Trading With Intermarket Analysis". Excellent read about global stocks, bonds, and currencies, and how they are all interrelated to one another.

Welcome to the scientific side of the markets. Glad to have ya. Hahaha! :laugh:

 

[MrJohnRoss]

I fund had a nasty drop, I went TZA this morning since I saw some indicators telling that down direction were likely + a shooting star candle yesterday. Confirmation today with a lower low, where my buy stop was at (11.03, triggered at 11.01, which i don't mind though)

I'm predicting a down month for february and the IWM gap at 84.43 gets filled. The one at 77.68 likely around september. I'd be really surprised if the next move is a major correction instead of just a healthy pullback.

I believe you're on the right track for a good swing trade. It's just a matter of time until I'll be joining you in a similar trade.

Good luck to us.

 

[MrJohnRoss]

I've been long AGQ for a few weeks now. See chart below.





We are now getting squeezed by both the ascending and descending sides of the trendlines, and price is coming to a forced decision point. One of these lines will be broken soon, either on the upside, or the downside.

I see many positives here: RSI trendline is up, 5 day EMA is up, 20 day SMA is up, PPO (MACD) is up, and Stoch is up. Hard to agrue with all that.

I expect a violent move upwards when this breaks, possibly to the 53-54 area (upper blue line), and hopefully a re-test of the 57-60 area.

The only fly in the ointment is the stock market. If we get a big pullback, gold and silver will tend to correlate with that trend.

Let's see if this pans out like I think it will.

Good luck!

 

[MrJohnRoss]

This morning I am considering selling my S Fund position and going to the G Fund. Signal is not quite there yet, so I will hold off for now to see if the market has any gas left in the tank.

Meanwhile, I am shorting the market in my other accounts, using SRTY. Waiting for a good entry point on the 10 minute charts before I squeeze the trigger.

Yesterday I picked up some BIDU at 96.05 after it fell about 11%. Watching the 10 minute chart to time my exit in the next day or two. I'd be happy with a 3-5% gain in a few days.

Good luck!