Sensei's account talk

I was looking at the chart for AGG - sorry I'm not posting it here; maybe JTH will be so kind as to update his ;) - it put in a big roman candle/kangaroo tail and hopped above the 20 day SMA. I'm wondering if it might not rally up to the 200 SMA in the next few days, while putting some selling pressure on stocks. That would be a great setup for me, as I'd like to shift my 50% F fund allocation into 100% stocks before we go into February. Something to keep an eye out for.
 
Looks like I'll be in Okinawa for several more years. The director of DOD schools today declared that there will be no voluntary transfers for teachers this year due to budget cuts, uncertainty with the debt ceiling, and continued downsizing and base closures in Europe. Not that I really intended to transfer anywhere, but it felt better when I thought I was here by choice rather than being told I have to stay here indefinitely. Oh well, maybe I'll buy a boat or something. :rolleyes:

I was in the Air Force stationed at Naha AB latter 1960s. There was this guy that appeared at the NCO club telling obscene jokes accompanied two female strippers. I think he appeared on Kadena AB and off base base in the local clubs. I'm sure he made good money. :toung:
 
AGG rolled over and is back under the 20 SMA. :rolleyes: S&P hasn't gone red in 7 days. :rolleyes: I'm buried so far down on the AT, I can't even find myself. :rolleyes: Hohum.

I was in the Air Force stationed at Naha AB latter 1960s. There was this guy that appeared at the NCO club telling obscene jokes accompanied two female strippers. I think he appeared on Kadena AB and off base base in the local clubs. I'm sure he made good money. :toung:

Oh yeah, I think his name was Bob Hope. They named an elementary school after him. :rolleyes:
 
I was looking at the chart for AGG - sorry I'm not posting it here; maybe JTH will be so kind as to update his ;) - it put in a big roman candle/kangaroo tail and hopped above the 20 day SMA. I'm wondering if it might not rally up to the 200 SMA in the next few days, while putting some selling pressure on stocks. That would be a great setup for me, as I'd like to shift my 50% F fund allocation into 100% stocks before we go into February. Something to keep an eye out for.

My personal take is that candlestick is a glitch. It happens from time to time, but usually it gets corrected by now. IMHO there is no great place to park your money right now, but the 5-day price performance for the f-fund is .12% and the 10-day is .06% it's still better than holding G. It's evident we are still within a descending price channel, unless we breakout with a higher high, I'd pick G over F.

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Herein lies the frustration of the 2 IFT limit. I'm 50/50 with 1 IFT left. I'd like to use that IFT to buy rather than sell. Looking for the SPX to test the 20 day SMA, but that might take a few days. If I wait until February to buy, though, then I'm limited to only one buying opportunity, and the next time I sell I'd be out until March. So my other option is to buy back in on 1/31 and let the chips fall where they may.

I'm pretty sure LMBF will move to S for February. And if Thursday is red, I'm sure sentiment will flip to a buy. So, if we're red going into the noon deadline, I might have to pull the trigger.
 
Herein lies the frustration of the 2 IFT limit. I'm 50/50 with 1 IFT left. I'd like to use that IFT to buy rather than sell. Looking for the SPX to test the 20 day SMA, but that might take a few days. If I wait until February to buy, though, then I'm limited to only one buying opportunity, and the next time I sell I'd be out until March. So my other option is to buy back in on 1/31 and let the chips fall where they may.

I'm pretty sure LMBF will move to S for February. And if Thursday is red, I'm sure sentiment will flip to a buy. So, if we're red going into the noon deadline, I might have to pull the trigger.

I'm really conflicted here. Out of IFT's for Jan. was on the sidelines for most of the month which sucked. Want to get back in but when? Only have one Buy IFT for Feb. So do I buy in as you say and let the chips fall or play it safe and wait to see if the market continues down?:confused:

I think Feb could be a good month overall. I do think there's a chance for the markets to go higher so I'm willing to take a couple days of red numbers. Maybe I should wait til Monday. I am a bit bullish. Or is that skittish? :sick:
 
I'm really conflicted here. Out of IFT's for Jan. was on the sidelines for most of the month which sucked. Want to get back in but when? Only have one Buy IFT for Feb. So do I buy in as you say and let the chips fall or play it safe and wait to see if the market continues down?:confused:

I think Feb could be a good month overall. I do think there's a chance for the markets to go higher so I'm willing to take a couple days of red numbers. Maybe I should wait til Monday. I am a bit bullish. Or is that skittish? :sick:
As January goes, so goes the rest of the year 90% of the time. Feb looks like a good month. I think it will fool a lot of the bears.
 
Well, for better or for worse, I'm using my last January IFT to buy S 100%.

@99% - Last year, I kept it real simple during the powerful bull market: as long as the 20 SMA was above the 50 SMA, and price was above the 20 SMA, I was in. Only if price closed below the 20 SMA and continued to drop by the next day's deadline, would I sell. If I got a sell, I'd buy back in at or near a test of the 50 SMA. That kept me in the market and gave me about 12% by the end of April (I think - maybe it was only 9% - still good though). My strategy for when the 20 SMA dropped below the 50 was more nebulous. I have to work on defining that better, but for now we're still in the bullish trend, and I'm hoping seasonality will keep the trend going until May. There will be bumps along the way, but sometimes you just have to look away for a while.

G'night.
 
Thanx for the info, Sensei. Did you ever think of using the EMA instead of SMA for this? Just curious.
 
Thanx for the info, Sensei. Did you ever think of using the EMA instead of SMA for this? Just curious.
I used to gaze at charts, looking for repetetive patterns, and yes at one point I weighed the argument of EMA vs. SMA. I believe at the time I saw more instances of the SMAs coinciding with short-term reversals in trend. Price seemed to move more freely through the EMAs, but showed clearer support or resistance at the SMAs. I don't know if that is truly the case, but that was the determination I made at the time. Might be worth looking at again though.
 
I DCA into a handful of stocks/ETFs, and I've been itching to buy a couple bottom feeders. So I was looking to sell something to raise cash. Problem is, most of what I am buying still seems to be well under the historical highs (looking back at 5 year charts). I'm not trying to argue a bullish case, necessarily, as I'm bracing for a short-term pullback. But it wouldn't surprise me at all to see the greater trend continue higher until more individual stocks see new historic highs. Just a thought.
 
I DCA into a handful of stocks/ETFs, and I've been itching to buy a couple bottom feeders. So I was looking to sell something to raise cash. Problem is, most of what I am buying still seems to be well under the historical highs (looking back at 5 year charts). I'm not trying to argue a bullish case, necessarily, as I'm bracing for a short-term pullback. But it wouldn't surprise me at all to see the greater trend continue higher until more individual stocks see new historic highs. Just a thought.

I've had a difficult time with my ROTH IRA off the November bottom, I keep fading the rally, but I haven't yet gotten a lower entry off the fades.
 
I've had a difficult time with my ROTH IRA off the November bottom, I keep fading the rally, but I haven't yet gotten a lower entry off the fades.
I looked at several of my stocks and set alerts around the highs they've been at in the last 5 years. If/when they get there, I'd like to sell them.

A few of my stocks, like DUK, I see as long-term keepers. It pays a 5% dividend and has been going steadily up for 20 years, even during the major downturns throughout those decades. The one I can't decide on is BAC. I'm up 40% on it right now, but I could see it going from $11.XX to $14~15 this year. That would be nice, as it's the single stock I'm most heavily invested in at the moment.
(when I say "heavily invested", keep in mind that it's a relative term. :embarrest:)
 
Isn't this February starting to look a bit like last February? That was the left shoulder of an H&S that broke down and caused a little pain in May. We look like we might start forming the left shoulder soon - maybe a test of the 20 or 50 day SMA, then back up to a new high in March or April. But I'm thinking sell in May could be a good idea again this year.

SPX 2013_02_07.png
 
No May downside for me please - last year May cost my oceanic a decline of -$427K. This year I anticipate the exact reverse for May and will gain +$400K.
 
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