rangerray's Account Talk

[rangerray]

I was planning to reduce exposure today (a bird in the hand), but now the news has gotten my to second guessing my plan"

-Momentum seems to be hitting on all 8 cylinders again

-The infrastructure spending package to the tune of $1 trillion seems to be well received

-Apparently there's a potential therapeutic for patients with severe COVID-19 symptoms that seems promising

-US retail sales were apparently much better than expected in May

-Jerome Powell hasn't said anything to spook the market yet

 

[rangerray]

Oh, wow. geez...did Powell just say something? Thinking now about sticking with my original plan. What does the afternoon hold? :crazy:

 

[LTJPFED]

I don't think he is helping the markets as much as the news about the therapeutic and the retail sales today pushed it up earlier in the day. Some of the pull back may be due to him speaking idk. I'm in the same boat trying to decide to move some or all back to G. I'm 100% S right now. If we can move more near that 3150 mark on the S&P I might stand pat.

 

[rangerray]

I don't think he is helping the markets as much as the news about the therapeutic and the retail sales today pushed it up earlier in the day. Some of the pull back may be due to him speaking idk. I'm in the same boat trying to decide to move some or all back to G. I'm 100% S right now. If we can move more near that 3150 mark on the S&P I might stand pat.

Yea, but, it's a guess because if that happens we likely won't know until after the deadline is passed. I hate the noon cutoff.

Unless something changes, I'm going to go 25% S from 100% S today. This volatility is killing me and I really need some good news.

 

[rangerray]

I can't make a good call on tomorrow or this afternoon, so I'm going to roll back to 50% S 50 G COB today.

 

[ravensfan]

Well you gotta do whatever your risk tollerance is comfortable with. Just keep in mind the market loves to get us to lean the wrong way. The next 24 hours will tell if you called it right or not...

Good luck!

 

[rangerray]

I'm fortunate enough at this point in my career to have a TSP balance that will make me very happy with a 1% return tomorrow with only being 50% invested. Here lately when I've felt like I do today, I've dropped back to 25% between S and C Funds, but I still have a pretty good feeling about tomorrow. With my last move for the month now behind me, I can always pull more out if needed.

 

[rangerray]

It's looking like the bulls are going to have to work extra hard today. You'd think with the mostly positive news yesterday that evidence of strong momentum would show itself early in the day and actually stick, but I suppose the half-life of the news cycle isn't what it used to be. I'm glad I reduced my exposure, but that was due more to a gut feeling than anything else. I truly would have guessed for a strong open this morning.

 

[tsptalk]

I see some red in the indices. The Fed better jump in quick!

 

[rangerray]

Looks like the bulls are battling back!


Sent from my iPhone using TSP Talk Forums

 

[Whipsaw]

Man, ya jinxed it! :suspicious:

 

[rangerray]

Man, ya jinxed it! :suspicious:

I guess so! They've done run out of steam when it counted the most.

 

[rangerray]

I've held on to my 50% stake in the S Fund. Here's hoping for a happy, healthy Monday! :beerchug:

 

[rangerray]

We are at the point in the S Fund where I'd expect a sizable turnaround to the north!

 

[rangerray]

We are at the point in the S Fund where I'd expect a sizable turnaround to the north!

I wonder, should we have bought the dip?

 

[rangerray]

If the S Fund could reach that 1386 area by cutoff time today, I might would be hopeful. I'm thinking of either reducing to around 25% S Fund or even 100% G Fund for the rest of the month. I'm waiting until closer to the hour to decide.

 

[rangerray]

If the S Fund could reach that 1386 area by cutoff time today, I might would be hopeful. I'm thinking of either reducing to around 25% S Fund or even 100% G Fund for the rest of the month. I'm waiting until closer to the hour to decide.

And, yet again, in order to test my short-term strategy for today, I have to try and guess where the market will be after it's too late to do anything about it. Our TSP masters should really change the cutoff time for making interfund transfers.

 

[rangerray]

Decided on 100% G going into tomorrow and throughout what's left of this month. Good luck out there!

 

[ravensfan]

Wise move...

 

[DreamboatAnnie]

I did the same - now fully exited! So Ranger, I like the painting you have as your avatar. Who is it? :scratchchin: I looked through catalog of artists/self portraits and did not see it.