Rod's Account Talk

[Valkyrie]

suggest you watch the PivotBoss vid. he's been very accurate lately.

 

[Rod]

My gut feeling is that you'll be very happy by the end of the day and Monday will be great too.

That's why I dare Mr. Market to prove me wrong. But, he usually doesn't take me up on that.

Folks need to stop selling AMZN and AAPL for this thing to turn around. As of now, AMZN is down 6%, and AAPL is down 1.57%.

 

[rangerray]

Based on how the market has behaved since the lows of late March, I'm inclined to not believe that the market is down today due to earnings reports. For crying out loud, except for the reports involving those companies that have largely benefited from the shutdown, no bad earnings report should be a surprise to anyone. Yet, the bear market rally persists.

 

[Rod]

That's why I dare Mr. Market to prove me wrong. But, he usually doesn't take me up on that.

Folks need to stop selling AMZN and AAPL for this thing to turn around. As of now, AMZN is down 6%, and AAPL is down 1.57%.

At least AAPL is now positive by 1.32%.

 

[slayer72]

I'm wondering if its insider selling because they just mentioned something about criminal charges against Amazon for lying to the G.

 

[ravensfan]

I feel your pain Rod. Been there many times myself. Sometimes I think we get it right every now and then only to give us hope, then Mr Market swoops in and beats us into submission...

 

[Rod]

Can you believe it?

Elon Musk tweets that TSLA stock is too high. SMH

Even if you agree with him, who does that?

And Mr. Market drags even lower. Will be a crap day for sure.

 

[nnuut]

Wish we could go short!

 

[Rod]

If I were to do a course correction and IFT back to (G) at a 3% - 4% loss, then Mr. Market would regain that back on Monday.

But, if I don't IFT back to (G) (in hopes of a Monday turn-around), then the selling will continue on Monday.

Y'all know I'm right. That's how Mr. Market toys with us. :twak:

So, it's a lose-lose proposition. Therefore, I have to see this thing through.

But, I do fear that the S&P 500 will be below its 50-EMA (2823.02) at the close.

 

[Rod]

Can you believe it?

Elon Musk tweets that TSLA stock is too high. SMH

Even if you agree with him, who does that?

And Mr. Market drags even lower. Will be a crap day for sure.

Maybe an account hack???

 

[Rod]

Can you believe it?

Elon Musk tweets that TSLA stock is too high. SMH

Even if you agree with him, who does that?

And Mr. Market drags even lower. Will be a crap day for sure.

Look at his tweets...

Makes no sense...

I bet it was hacked.

 

[oceanminded18]

Look at his tweets...

Makes no sense...

I bet it was hacked.

I think they are all legit...this is Elon Musk we're talking about here. And he tweeted the same thing back on Dec 23rd fwiw. Think he is also expecting a baby any day now...who knows what he's doing in the days leading up to that.

 

[rangerray]

It's not that bad right now at lunchtime. Both the S & P and the DWCPF are still within their upward channels. I"ll probably be wishing that I was more in the market come Monday. But, I didn't have much fun last month using both of my IFT's so early, so I'm going to see what next week brings.

 

[Rod]

I think they are all legit...this is Elon Musk we're talking about here. And he tweeted the same thing back on Dec 23rd fwiw. Think he is also expecting a baby any day now...who knows what he's doing in the days leading up to that.

I think you're right. It's looking that way.

 

[oceanminded18]

I think you're right. It's looking that way.

He's a unique CEO and certainly doesn't do things traditionally...normally that works in favor of shareholders but not today unfortunately. By the way, I don't think he's wrong either but still surprising to see as the CEO of the company. Doesn't mean the SEC won't pay him a visit. :laugh:

 

[Rod]

At least the S&P's 50-EMA is holding up.

Now that I've said this, it'll sink below it.

 

[Rod]

At least the S&P's 50-EMA is holding up.

Now that I've said this, it'll sink below it.

It did just that 15 min later @ 1249. Told you so. :smashfreakB:

 

[Rod]

From yesterday...

Because Mr. Market has rallied +30% off of the 23 Mar lows, I would not be surprised if Daddy Fed allows Mr. Market to consolidate at least 10% in the very near future. I just hope that now I am in, that I do not get caught up in that... as I am willing to ride the S&P 500 to just below its 50 EMA. That is currently about a 3% decline. We know all too well that a 3% decline can occur on any given day.

And a near 3% decline happened today. Go figure, right? But, one thing that I can take solace in is that the S&P 500's 50-EMA was tested numerous times today and held. Furthermore, the last candle was on strength for all 3 indices. After today's volatility, hopefully all of that is a good sign leading into next week.

Maybe you can relate with me... very seldom do I make a perfectly timed IFT. (A warning if you follow me!) The last time I did was actually when I IFT'd out of (F) at its all-time high in March. But for equities, I usually seem to be a day early going into them. I was a day early when I attempted to catch that relief rally in late Feb. That scared me into (F) where I recouped 1.78% of those losses.

So, what will Monday bring? Was I a day early again? But, if I'm being honest, I likely would not have made an IFT today if I was still sitting in (G). Therefore, I cannot claim that this time around.

I am a bit nervous going into next week. And because I will now be down 3% - 4%, I do not tend to sell at a loss that great. So, if Monday is another selloff, I guess I just got caught up in that "10% consolidation" if it actually ends up being that much. What I don't want is to be caught up in that test to the 23 Mar lows, if it comes. Boy, would that just be my luck, huh? Here I was warning everyone about it all along... then I get caught up in it myself while trying to test out the 3-5 day confirmation rule. I sure hope that's not the case.

At any rate, (let me know if my math is wrong) there have now been two consecutive weeks of overall losses in the Dow, S&P, and Naz. Bad sign? What will next week bring? I guess we shall see!

God Bless :smile:

Effective 1 May: 70 (C) 30 (S)

 

[Rod]

My calculations for the past couple of weeks:

Last Week:

DOW: -1.84%
S&P: -1.23%
NAZ: -0.06%


This Week: A rather flat week.

DOW: -0.13%
S&P: -0.12%
NAZ: -0.20%

Yeah... I like to say, "NAZ" with a "Z"!

 

[wahinepio]

(A warning if you follow me!), he says..
Marvelous training, however. Fwiw, Mr Market doesnt like me either. Buckle up.