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Rod's Account Talk
- Thread starter Rod
- Start date
W
Wizard
Guest
Rod said:
Rod that is a weekly. It provides more accurate candlestick formations and MACD/RSI trends.
I suggest you use this. But it is your choice, of course.
. RSI (top) - is also going down - relative strength indicator. That is a secondary indicator to the MACD. It reaffirms the trend is currently down.
Take care. Have a good weekend.
Rod
Well-known member
Rod said:The energy sector has been really weak, but it may come out of hibernation due to a major winter storm setting up for the east coast by the weekend bringing in much colder air. You know how folks panic... they will be topping off at the pumps and filling their heating oil tanks. Of course, all that equates to higher oil & heating prices which in the end "fuels" the economy anyways.You can have your cake and eat it too if you own energy stocks. Let's not forget those commodities of "milk & bread" which will go flying out of the coolers and off the shelves.
God Bless
Looks like this is panning out.
It will be interesting to see what Monday brings.
God Bless
Rod
Well-known member
Just A Note...
I will be returning to work Sunday, but I will be working nights- 6pm to 6am.
That said, if I make an IFT it will probably be accomplished NLT 9:30am since I should be sound asleep by that time. Yeah that's the time trading begins, but that doesn't bother me too much because I'm learning I can't base my IFTs on what the market is doing AT THAT TIME since we've seen drastic turn-arounds one way or the other the same day.
Hopefully this will discipline me to rely more on technical analysis than I have been. Heck, I purchased the "Technical Analysis For Dummies" book at B&N on Friday. Thanx Dennis...
God Bless
I will be returning to work Sunday, but I will be working nights- 6pm to 6am.
That said, if I make an IFT it will probably be accomplished NLT 9:30am since I should be sound asleep by that time. Yeah that's the time trading begins, but that doesn't bother me too much because I'm learning I can't base my IFTs on what the market is doing AT THAT TIME since we've seen drastic turn-arounds one way or the other the same day.
Hopefully this will discipline me to rely more on technical analysis than I have been. Heck, I purchased the "Technical Analysis For Dummies" book at B&N on Friday. Thanx Dennis...
God Bless
Rod
Well-known member
Fivetears said:An empty bag brother.
I can see a few Clouds beginning to clear...
Taking Dennis's advice and beginning to dive into some technical analysis:
C Fund: Utilizing SPX, I see an ever but slight uptrend. One to keep an eye on.
S Fund: Utilizing EMW, It is still on a downtrend at which I am getting whipsawed @ 60%. Riding it out in hopes of a reversal soon.
I Fund: Utilizing EFA, It is still on a downtrend.
That's my amateur analysis of the RSI and charts that I looked at.
God Bless
Rod
Well-known member
I was happy waking up to a GREEN day.
But with Ben's comments yet to be behind us, I'm hesitant in being optimistic for tomorrow.
Although any near future hikes may already be factored into the market, you will still have those who will panic, thus prompting a sell-off.
I'm still feeling rather confident in the (C) fund too. I'll just hang tight and see what the next couple of days bring.
God Bless
But with Ben's comments yet to be behind us, I'm hesitant in being optimistic for tomorrow.
Although any near future hikes may already be factored into the market, you will still have those who will panic, thus prompting a sell-off.
I'm still feeling rather confident in the (C) fund too. I'll just hang tight and see what the next couple of days bring.
God Bless
Rod
Well-known member
Rod said:
Right after I posted this, I bought in @ 40% and it is now up by 20 @ 1,280.
It feels good to have made a good move.
A day before the sell-off on Jan 20, it was @ 1285. It dropped then reached 1285 again on Jan 30. The high for the year is 1294 which came on Jan 11.
It will now be testing 1285 and hopefully be poised for a new 2006 high. We are only 14 away from that and bearing good economic reports both Thursday & Friday, we will see that new high.
The S&P is still on the uptrend and the (S) fund is now jumping on board. It still looks rather iffy for (I), though.
I plan on staying 40 (C) and 60 (S) until at least Friday.
God Bless
Rod
Well-known member
Today was another great day when compared with what we've been experiencing.
Once share prices post, I expect to be back where I was before I speculated 100 (S) which cost me a few pennies. But that's what speculating is about- taking that chance in hopes of huge gains.
I believe I am making the right move into (G). I simply need to preserve what I have gained this week until I have a clearer picture of what the market may do next week.
The S&P is only 4 off of it's 2006 high... and 4 1/2 year high if I'm not mistaken. It may very well meet with some resistance next week. That's why I'm pulling back some until and if it breaks through.
There is still plenty of wiggle room with the (S), but I'm focusing more on the (C) now to see how the high is tested.
As of now, I'm not very keen on the (I). It's just been more unpredictable lately than I remember. I'm sure there are others on here who would agree.
I never talk much of the (F) simply because I have no interest in trading it.
God Bless & BOOYAH!
Once share prices post, I expect to be back where I was before I speculated 100 (S) which cost me a few pennies. But that's what speculating is about- taking that chance in hopes of huge gains.
I believe I am making the right move into (G). I simply need to preserve what I have gained this week until I have a clearer picture of what the market may do next week.
The S&P is only 4 off of it's 2006 high... and 4 1/2 year high if I'm not mistaken. It may very well meet with some resistance next week. That's why I'm pulling back some until and if it breaks through.
There is still plenty of wiggle room with the (S), but I'm focusing more on the (C) now to see how the high is tested.
As of now, I'm not very keen on the (I). It's just been more unpredictable lately than I remember. I'm sure there are others on here who would agree.
I never talk much of the (F) simply because I have no interest in trading it.
God Bless & BOOYAH!
Rod
Well-known member
I feared that after I speculated 100 (S) on Feb 8 and then took a hit, it would put me in a short-term hole. BUT, It worked out just fine for me.
Prior to speculating, I was @ 1.25% for the year then fell to .37% within 7 days after speculating.
I now stand @ 1.99% which will rise to 2.08% once I get the penny either Friday or Tuesday.
I was determined to dig my way out and it paid off. I did better than what I would have done had I stayed 100 (S). I'm glad I just didn't sit around in that fund and wait for it to rise, as I had planned on doing. I looked around for other opportunities, finding one especially in the (C) fund.
God Bless
Prior to speculating, I was @ 1.25% for the year then fell to .37% within 7 days after speculating.
I now stand @ 1.99% which will rise to 2.08% once I get the penny either Friday or Tuesday.
I was determined to dig my way out and it paid off. I did better than what I would have done had I stayed 100 (S). I'm glad I just didn't sit around in that fund and wait for it to rise, as I had planned on doing. I looked around for other opportunities, finding one especially in the (C) fund.
God Bless
I got it!
100% I Fund.
Have a great weekend.
I'll hold the fort for ya , Rod.Rod said:I've had so much fun this week that I believe I will be going through market withdrawal during this 3 day holiday weekend!
Should've at least played the (I) for Monday... NOT!!!
Until next week... BOOYAH!
100% I Fund.
Have a great weekend.
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