Skorcher's Account Talk

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Skorcher

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Just setting up my own Account Talk thread to post my random thoughts.
At COB today I am moving from 100% I fund to all S fund. I thought the I fund was looking shaky. HOwever EFA is up big today and the dollar is down so hopefully the FV will be in our favor today when I exit the I fund.:laugh:
 
Stay Away in May (plus the last week in April) is holding up this year. I am looking for the 10% to 20% overdue correction that is needed for a healthy stock market.
 
TSP.gov at https://www.tsp.gov/keepingscore/ says that your TSP account is protected from creditors whereas your self directed IRA is not. This is one of their ploys to keep new retirees in the system. In 2005 the Supreme Court ruled that IRAs should have the same protection from creditors as 401k accounts and pensions. Before that ruling certain states did allow creditors to go after IRA's. Government agencies like the IRS can go after your TSP or IRA, but only when you receive a distribution from those accounts.

2005 Supreme Court rulling is at https://www.trustetc.com/trustetc/media/TrustETC/documents/ruling.pdf
 
Yeah, I like moving up in the auto tracker, but not so much when it's due to a major lose of others, prefer it to be because I made a good move to add more than most.... Risky times for sure, but as of tomorrow I'll have some moves available to try and buy at/near bottom to catch the bounce.
 
Well, I went 100% C COB yesterday, hoping to catch a short term gain. Instead it drops as soon as I buy. GDP numbers are good and stocks head south. Go figure.
 
Skorcher said:
Well, I went 100% C COB yesterday, hoping to catch a short term gain. Instead it drops as soon as I buy. GDP numbers are good and stocks head south. Go figure.
Click to expand...

Stocks seem to can't make there mind up today on what to do, maybe the afternoon will bring good things.
 
200 DMA holding up for SPY - that's a good sign. Also the AT leaders are getting back in the market. Time for a come back.
 
Nice comeback for the S&P 500 today - thanks to Apple's comeback. We avoid the so-called death cross of the 50 & 200 DMA lines.
 
Glad I bailed out of C to G yesterday. A day late, but at least I missed today's drop. My gain for the year only dropped from 5.0% to 3.8% so at least I preserved most of it. The path of least resistance for stocks seem to be down for at least the short term. Why is it that the stock market drops a lot faster than it goes up? Panic must be a stronger emotion than euphoria.
 
The dead cat bounce in the S&P this morning only lasted one hour. That is a very bearish signal. Now I am looking for the August 2015 low to be tested.
 
The August low is providing stiff resistance today. Decided it was too risky to jump back in the market. I will look for opportunities next week.
 
All bets are off now. The S&P along with W4500 and EFA are have cut through resistance on the downside like a hot knife in butter. All are rapidly heading towards bear market territory.
 
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