Rod's Account Talk

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My problem is I'm so far in the hole that I have to roll with the punches. I'm down but not out. If I get out I've lost.

rollercoaster.jpg
 
Rod said:
If today's rally holds, will there be profit-taking or follow-through tomorrow? That's why it is usually a 50/50 crap shoot nowadays. But, tomorrow HD and WMT reports earnings that could assist with a follow-through. Both of these will report tomorrow before the bell. One thing though, HD is nearing its 52-week high... about 0.28 away from it as I write this. If it has a great report, there could be some profit-taking. WMT is still about $7 from its 52-week high.
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No risk, no reward...

Effective COB: 100 (S)

God Bless :smile:
 
Rod said:
No risk, no reward...

Effective COB: 100 (S)

God Bless
Click to expand...
I'm with you brother, we'll see how we do!
Tired of sitting on the sidelines. And I take full responsibility for my own moves in the market, and give you none...

"Your interfund transfer request has been successfully submitted."



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tom4jean said:
I'm with you brother, we'll see how we do!

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My plan is to remain 100 (S) for awhile. I need to get into positive territory. But, I might have to ride some down days to get there. Currently down 1.78%. If WMT and HD can't prop up Mr. Market tomorrow, then it'll likely be down because of today's massive rally. We shall see!
 
Rod said:
My plan is to remain 100 (S) for awhile. I need to get into positive territory. But, I might have to ride some down days to get there. Currently down 1.78%. If WMT and HD can't prop up Mr. Market tomorrow, then it'll likely be down because of today's massive rally. We shall see!
Click to expand...
Yes I plan on holding a bit too. Volatility expected.

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Bmoredunks said:
With ya guys. Holding my breath all the way. Looking to retire eoy and want to make something out of the market before I do. :blink:
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It will indeed be an interesting day. Could go either way. But, don't get too excited if we are up or down by noon/early afternoon. It might be one of those days when we won't know the direction until the last 10-15 min of trading. We've seen plenty of that before.
 
I jumped in with you all, making a buck at the moment; I have a big ways to go... and now a fresh gap just below us.
 
Well, things were looking up until about 10 min ago when it took a dump. Like I said earlier, we will not likely get any direction until the last 10-15 min of trading.
 
As of now, futures look good. But as we know all too well, they cannot be relied upon.

Tomorrow's agenda...

Lowe's and Target will report before the opening bell. Who knows what will happen there.

In addition to the FOMC minutes @ 1400, the following 2 will be speaking @ 1000:

Atlanta Fed's Raphael Bostic.
St. Louis Fed's James Bullard.

Although they can move the market in either direction, I hate it when these guys open their mouths. Generally speaking, I hate it when the market reacts to whoever is talking at the time. No one should have that much power and influence over the market. Man, how I wish the market would stick with the technicals- for the most part. But sadly, those days no longer exist.

Could be a roller coaster of a day. As usual, don't become too optimistic or pessimistic until the last 10-15 minutes of trading. Because anything can happen up to and until then.

God Bless :smile:
 
Don't forget about the Donald...He hasn't done it in a while but there's been many times when he sent out a tweet that sent the market up or down by quite a bit... I still think he tells his friends before he does it.

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tom4jean said:
Don't forget about the Donald...He hasn't done it in a while but there's been many times when he sent out a tweet that sent the market up or down by quite a bit... I still think he tells his friends before he does it.

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Click to expand...

I got him covered in "to whoever is talking." :D
 
Perhaps a new strategy to employ... :shhh:

This seems to be an "orally-fixated", headlines-driven market. Instead of being driven by fundamentals/technicals, Mr. Market is driven (either negatively or positively) by whoever is on the market pedestal at the time (CNBC interviews, for example), or to "breaking news" headlines. Moreso nowadays than in the past.

Lately, most of these have come out of nowhere. I am becoming convinced that unless I am fully exposed to the market at all times, I will have a more difficult time catching those market pedestal/headline-driven rallies. Of course, market pedestal/headline-driven sell-offs will indeed occur from time to time.

As long as the rallies outweigh the sell-offs, then I can remain ahead of the game. Because vaccine news seems to be breaking more and more, I just might have to play things from this angle and remain 100 (S) through thick and thin until I have a good reason to exit.

Mr. Market doesn't seem to care about fundamentals/technicals any longer, so why should I? :cheesy:

Can you sense the sarcasm? :cool2:

Experiment

The opening bell is about 20 min out, and futures are up sharply due to great earnings reports from Lowe's and Target. Remember, the reason why I made an IFT to 100 (S) is because of some heavy hitters reporting earnings this week. Tomorrow is Best Buy and Nvidia. Best Buy reporting before the bell, and Nvidia after.

I posted earlier that Atlanta Fed's Raphael Bostic and St. Louis Fed's James Bullard will open their mouths at 1000. Whatever they say will definitely move Mr. Market in one direction or the other. Will they pour cold water on today's rally?

Even if the rally is sustained into the early afternoon, then we have the FOMC minutes to contend with at 1400.

Therefore, will today's rally sizzle or fizzle? Will it even fizzle out of the gate before hearing from the Fed at 1000?

We shall find out soon enough.

God Bless :smile:
 
I think you're on to something. A point made the other day on FBN, previous economic down turns were due to fundamental economic issues, not imposed from on high; this countries economic engine is on low idle, once we open up again the economy will come roaring back; esp. with greater knowledge on COVID-19 and sensible mitigation. The trend will likely continue to remain up, with random sell offs and rallies interspersed.
 
Whipsaw said:
I think you're on to something. A point made the other day on FBN, previous economic down turns were due to fundamental economic issues, not imposed from on high; this countries economic engine is on low idle, once we open up again the economy will come roaring back; esp. with greater knowledge on COVID-19 and sensible mitigation. The trend will likely continue to remain up, with random sell offs and rallies interspersed.
Click to expand...

If you're watching CNBC, they (Sara) just confirmed what I wrote by saying medical information and reopening news, is a "major market driver." She said the vaccine, the treatment, and the reopening data is in the market's driver's seat.

I rest my case.
 
You are right Rod. And I'm still kicking myself in the ass for just sitting in G. I guess I should make an IFT today to S and just say the hell with it. I give up on trying to read this market. Being somewhat new to reading things I'm probably missing out anyway or I'm just reading things incorrectly. Just amazing that we are buying back into the markets not far from their highs instead of getting them when they were really down. That's what really pisses me off.

But I guess that's the way life goes. I am happy for those of you who were able to get over into the correct funds at the correct times and make some money. I have a ways to go before I retire but those gains sure would have helped me build up my TSP which is lagging far behind for my age and time in service. Makes me nervous and I'm only 50.
 
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