MrJohnRoss' Account Talk

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I used to play BIDU when it liked to bounce between 125 and 150 way back when. Tech/China headlines affect it alot, so you gotta be careful with that. But the volatility is nice for trading if you're on the right side.
 
Birchtree said:
And how much of that gain will go to our friends at the IRS next year - 40% or there abouts?
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Eventually the IRS will get their share, but this trade was in my 401k account, so no taxes... yet.

I get a good match on my 401k, so I'm building that nest egg, as well as my Roth IRA nest eggs. I believe it's wise to have both taxable and tax free accounts to draw from in retirement.

Either way, my goal is to replace my income from these accounts, all taxes considered.

If it were possible to earn just 1% a day in my accounts, I would retire a very wealthy man.
 
EFA (I Fund) is getting crushed. My sell signal on Feb 4 was pretty spot on. If you haven't bailed yet, you may want to consider reducing your exposure, at least for a short term decline.

Amazingly, S Fund and C Fund have not triggered sell signals yet. Let 'em ride!

Here's a look at the technical damage being done to the I Fund proxy, EFA...


efa.png

Ouch!

Good luck! :)
 
MrJohnRoss said:
Amazingly, S Fund and C Fund have not triggered sell signals yet. Let 'em ride!
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pretty close to sell signals though? russell 2000 and spy are looking like the top is in (or close to it). this pickup in volatility is also a warning sign imo

what's your thoughts?
 
Everyone should get out of the I fund while the getting is good - me I'll stay until I'm the last man standing. There is a lot of time left in February for the I fund to show some spunk. Every green shade on the street is looking at the same thing which means when it's obvious it's obviously wrong.
 
sniper said:
pretty close to sell signals though? russell 2000 and spy are looking like the top is in (or close to it). this pickup in volatility is also a warning sign imo

what's your thoughts?
Click to expand...

Absolutely. We're just skirting the edge of the signal, just waiting for the big tick down. I will be patient, and wait for it.
 
Birchtree said:
Everyone should get out of the I fund while the getting is good - me I'll stay until I'm the last man standing. There is a lot of time left in February for the I fund to show some spunk. Every green shade on the street is looking at the same thing which means when it's obvious it's obviously wrong.
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40% in the I since Feb 4. I'm gonna be in it when it climbs. I want every cent I had in it to bounce. It's just waiting for me to get out, but I know what it wants and it's not gonna get it. Patience is a virtue, and a sign of internal strength. I'm staying put to see the I fund do better than the C or S by the end of the month. When it does climb, it'll be jaw dropping for those watching it happen. As for Febuary, look for a 5% growth in the equities funds, averaged.
 
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Birchtree said:
Everyone should get out of the I fund while the getting is good - me I'll stay until I'm the last man standing. There is a lot of time left in February for the I fund to show some spunk. Every green shade on the street is looking at the same thing which means when it's obvious it's obviously wrong.
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I know what you mean, Birch. It's like a self fulfilling prophecy. Everyone saw the RSI go over 80 and is now falling, the PPO (MACD) rolling over and heading down, and the Stochastics dropping off from it's overbought position and dropping like a rock. People everywhere see these indicators and are pressing the sell button. It's just human nature to send the pendulum swinging in the other direction for a little while. I just don't want to be the last person without a chair since the music stopped. The music is going to start back up soon, but for now, it's wise to find a chair.

You and I have different mindsets when considering our investments. Neither one of us is right or wrong. Buy and hold and compounding dividends obviously works very well for you.

Personally, I'm looking to avoid the downturns buy selling near the highs, and buying back in when prices are a bit cheaper.

I wish us both much success.
 
JimmyJoe said:
40% in the I since Feb 4. I'm gonna be in it when it climbs. I want every cent I had in it to bounce. It's just waiting for me to get out, but I know what it wants and it's not gonna get it. Patience is a virtue, and a sign of internal strength. I'm staying put to see the I fund do better than the C or S by the end of the month. When it does climb, it'll be draw dropping for those watching it happen. As for Febuary, look for a 5% growth in the equities funds, averaged.
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JimmyJoe, if a positive mental attitude could bring the markets higher, you'd be the person I'd select to lead the charge.
 
There was a possible good opportunity with EXP (Eagle Materials) this morning, so I pulled the trigger at 63.74. When my short term trade is complete, I'll post my results and the chart. This one may be having some difficulties climbing too much higher, so I may or may not end up with a gain. Patience...
 
Margin had me selling my EXP last July at $37.15 - I knew it was a mistake at the time but I chose to take the sacrifice. It did give me $10K profit though and now I have to declare it to my IRS friends. It is never a good idea to look back at what might have been - I got plently of other material stocks.
 
Birchtree said:
Margin had me selling my EXP last July at $37.15 - I knew it was a mistake at the time but I chose to take the sacrifice. It did give me $10K profit though and now I have to declare it to my IRS friends. It is never a good idea to look back at what might have been - I got plently of other material stocks.
Click to expand...

I hear you, brother. Weakness in Geospace Technologies a few weeks back forced me to sell for a 4.8% loss. Today it's up about 18%.

Same thing happened with VIPS, with a forced sell. Up about 10% yesterday, and up another 15% today.

Lordy!
 
A very positive development for the markets is that AAPL has broken out of it's "box" (see chart), and is beginning to climb upwards. Take a look at the Stochastics and PPO. Both have turned up from their oversold areas. I would expect some resistance near the 500 area, which was the prior support line. Perhaps the news of Greenlight Capital suing the company is causing investors to jump onboard in expectation of getting some gravy.

aapl.png
 
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