Show-me Account Talk

[Show-me]

Yea, I just watch Oscar and he is pumping the two day reversal in a bull market but I wonder if he is remembering that we also have a MLK holiday this weekend.

 

[Show-me]

First trading day of January expiration week DOW now up 10 of last 14.

Good call STA.

January expiration week horrible since 1999, DOW down big 8 of last 11.

 

[Show-me]

Of last 8 midterm years, only 2006 followed first five day's direction.

 

[Show-me]

CNBC, Art Cashin said floor traders are watching the VIX sell signal. Two have missed and two have called huge sell offs.

Are the stars aligning?

 

[fedgolfer]

CNBC, Art Cashin said floor traders are watching the VIX sell signal. Two have missed and two have called huge sell offs.

Are the stars aligning?

Yoda, what is the force telling you?

 

[Show-me]

Yoda, what is the force telling you?

lol, no Yoda here, but I am happy with the gain even tho I missed the pop yesterday. Trick is to pick the most obvious chart patterns and use them. Five up days in a row on US equities and I held out for Monday, the sixth up day, because of the strong historical precedence from he STA. Also why I am out the rest of the week, because of the strong historically precedence.

I am taking my trading one week at a time instead of on day at a time.

This is my plan this year. Stock Traders Almanac, Oscar, and some basic screaming chart patterns.

Risk is getting higher every day this drags on. Government intervention galore is going to tank the economy and the currency. And, if that don't do it current entitlement, new entitlement, two wars, and higher taxes won't help.

 

[Bullitt]

How do you like the STA? No looking ahead now, you hear?:laugh:

SocGen, there's a group of beauties. Remember that guy that went rogue and was trading his own account with other client's cash? How about right now they are telling clients to stay long stocks and long commodities through 2010.

 

[Show-me]

How do you like the STA? No looking ahead now, you hear?:laugh:

SocGen, there's a group of beauties. Remember that guy that went rogue and was trading his own account with other client's cash? How about right now they are telling clients to stay long stocks and long commodities through 2010.

Love it! Gives you a birds eye view of seasonality, history, and trends.

 

[Show-me]

Prince Alwaleed believes that inflation is coming, may take a few years but it is coming.

http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=17630752&src=finance&ch=1316259

 

[Show-me]

JPM reported earning and revenue was down. Boohoo! Sell the news or rally?

I feel we have more risk than reward at this point and will be glad to let it play out.

We did not see the pop out of INTC that I would have expected with such a high earnings number. Basically 30% better that estimate.

Oscar is bullish. STA is bearish. Me?

 

[Christopher]

I believe he exempted MLK day from this TDR rule in his current video...

Yea, I just watch Oscar and he is pumping the two day reversal in a bull market but I wonder if he is remembering that we also have a MLK holiday this weekend.

 

[Show-me]

I believe he exempted MLK day from this TDR rule in his current video...

Not very consistent with his no trading over 3 day weekend.

 

[JTH]

Great timing on the tracker!!!

 

[grandma]

Great timing on the tracker!!!

yes, both of you !

 

[Show-me]

Aww, thanks. Going to be a rough year. Watch out for the new guy Tsunami, he writes and posts some good stuff. Great chart on mortgages around post 42.

 

[grandma]

Aww, thanks. Going to be a rough year. Watch out for the new guy Tsunami, he writes and posts some good stuff. Great chart on mortgages around post 42.

+1 - religiously read !

 

[Gumby]

Great timing on the tracker!!!

Way to go Show.... cream rises to the top

 

[nnuut]

Way to go Show.... cream rises to the top

Shows on a run!!! View attachment 7973

 

[Show-me]

Week in review.

Caulk my gains up to my STA.

1. Fridays and Mondays are good days, according to STA, and I held all last week and the following Monday for a very nice gain to start the year. Even tho I was scared I held out for the Monday due to the STA recommendation.

True again.

2. Monday of January expiration week strong. Dow up 9 of last 13.

True again.

3. January expiration week horrible since 1999. Dow down big 8 of last 11.

True again, but not down big. More of a push.

4. January expiration day, Dow down 9 of last 11 with some big losses in '06, '03, and '99.

True again, down .94% on the Dow.

I'm not one to promote a product or service. The two that I will promote because of my experience with them being stellar is, 1. TSPTalk, and 2. Stock Traders Almanac. Get yours now, it's not to late.

 

[Show-me]

My strategy is risk/reward/hit/run. Avoiding risk by using hit and run trading tactics.

I feel the market is getting riskier by the day, but this could go up for another six months or more due to all the artificial intervention by the government. Steve Forbes was on CNBC yesterday morning and I only caught a short closing argument that he feel the same way about the artificial rally.

Remember inflation will come.

That being said I will try to cherry pick strong seasonality, trends, and heavily depressed chart patterns.

Buy and hold is most risking right now. You could let your contributions go in but I will not leave the bulk of my account just "sit tight and be right" with the enormous risk floating around.

Might work and it might not.

Ultimate goal is to not loose money. Second, make 10%. Third, beat the S&P.

Note: Someone private bought a ton of Treasuries last week and that worries me. I'm not sure why they would. Are they domestic buyer or foreign? Are they betting on yield or currency?