retread's Account talk

I give up. Always on the wrong side. Maybe an evenly distributed approach with something in G,F,C,S,I is the way to go. I really hate these CPI, PCE, Jerome Powell, FOMC minutes, etc "events" too. The market is so reactionary to these things and if you're on the wrong side (like I usually am), it's painful.
 
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I really thought Powell would bring the market down. This reminds me of April 2020 and Nov 2020. I was slow to react to the upswing during those explosive times. Still remaining a bit defensive but added a bit more into stocks today. I suspect, as per my usual moves, stocks will reach a top soon if not today. Extremely overbought, Dumb money at extremes (hey that's me!), and major movers reporting after the bell today. I am hoping to weather a major drop with current allocation and add more in later. In any case good luck to everyone if you decided to jump in now like me.
 
We need a good old fashioned "Black Swan Event", such as maybe defaulting on the National Debt for a a few days before they implement "Emergency Measures" to bail us out. Then the S&P could lower the US Credit Rating from AAA to like just A or maybe A+. That should drop the Market a good 1800 to 2500 points to the down side, and then when we bail ourselves out, everyone buys the Dip, the Market goes on a steady climb back UP, along with the Credit Rating back to AAA.
That could work.......................right??????? :blink::boggled::ugh:

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Yup. Happening again. It really is quite uncanny how I can make the market drop when I add more exposure. If I were paranoid I'd say "they" are watching me. lol Well that previous move didn't last long as I knew it would drop right away so I reduced back to a more comfortable level.
 
Yup. Happening again. It really is quite uncanny how I can make the market drop when I add more exposure. If I were paranoid I'd say "they" are watching me. lol Well that previous move didn't last long as I knew it would drop right away so I reduced back to a more comfortable level.

Certainly looks like bond yields continue to climb into the skirt of recession. Like other recessions, this is usually the case and I suspect the next month or so will be tough for investors. The VIX has not had the spike blow off yet and that is needed to end the route. If we actually move deeper into recession…we may not see the all clear until May. The FED is probably going to have to raise rates by .5 percent to work harder to contain inflation. Obviously we are headed in the wrong direction.
 
Holding for hope at 40% in equities. On the weekly chart IWM shows the 20 period (green line, middle of bollinger band) closing in on the 50 period MA (black)and maybe will cross upward over it from below. Last time this happened was in Sept 2020 just before things really took off.
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Transports and HYG holding up surprisingly well despite the doom and gloom after Powell. As per usual the market took a turn down right after I allocated more. Trying to stay positive but it's so hard. Really hate these Powell events.
 
Yeah, HYG fell sharply early toward its open gap, which is acceptable, but it's back above its 50-day EMA again. Needs to hold! Also needs to get above 75 to break the bearish flag, which could also create more of a "V" bottom.

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