Steel_Magnolia's Account Talk

[JTH]

If I want to know how the market is doing, I just need to look at my ROTH IRA, it's not so hot, only about 2 of 8 positions in the green. I'm also seeing divergences on the indicators...

 

[Steel_Magnolia]

If I want to know how the market is doing, I just need to look at my ROTH IRA, it's not so hot, only about 2 of 8 positions in the green. I'm also seeing divergences on the indicators...

Hi J, my friend, thank you for your visit to my home.

You know, I was reading your blog the other day and remembering when Coolhand first pointed us to the freestockcharts.com site. And I was doing a lot of technical charting back then so you asked me a couple of questions. And then you took off and we couldn't catch you for the dust!

You've been a charting wizard ever since. I enjoy reading your blogs and posts because they are always so intelligent and grounded in good technicals. Good job!

 

[Steel_Magnolia]

All the action in today's market didn't change the pretty little colored dots much. <grin>

Here's what my analytical chart showed as of close of market today:

View attachment 10846​

As you can see, S and C Funds are still looking great. Bonds are looking bad and the dollar is even worse. Which helps the I Fund start to spring back up. With this kind of strength, I'm betting that any correction will be a buying opportunity. And I'm going to put my money where my mouth is! <wink>

 

[JTH]

You know, I was reading your blog the other day and remembering when Coolhand first pointed us to the freestockcharts.com site.

Thanks for the complement, I can't even remember that far back. :cheesy: The quest for a mechanical infallible system is like looking for the pot of gold at the end of the rainbow. After so many hours you'd think I'd arrive to some conclusion, but the truth is it's not so much about having a system, it's more about planning your work and working your plan.

 

[Steel_Magnolia]

And the pretty little dots just keep filling in on the equity side. This is a snapshot of my analytical chart taken at 9 am today, MDT.

View attachment 10852​

The C, S and I Funds just keep looking better and better. I have personal positions in the TNA and SSO ETFs, which are like C and S on steroids.

 

[jpcavin]

Sentiment Survey, One un-named paid subscription, and RDJ67 all bailed to "G". Now I'm worried. What does your chart say? :nuts:

 

[Steel_Magnolia]

Sentiment Survey, One un-named paid subscription, and RDJ67 all bailed to "G". Now I'm worried. What does your chart say? :nuts:

My chart, as of five minutes ago, looks like this:

View attachment 10860
​

Remember, this chart doesn't try to see into the future. It is based on past information only. But I hold positions in the C and S Fund analogs and based on this chart, I'm not selling.

Good luck with your decision and let's all be careful out there!

 

[jpcavin]

My chart, as of five minutes ago, looks like this:

View attachment 10860​

Remember, this chart doesn't try to see into the future. It is based on past information only. But I hold positions in the C and S Fund analogs and based on this chart, I'm not selling.

Good luck with your decision and let's all be careful out there!

There's some people I have to catch up to first! So I'm not selling either! But I'm still worried. :worried:
I'll me more carefull when I get to the 100 Club.:cheesy:

Thanks. Good luck to you too!

 

[RealMoneyIssues]

There's some people I have to catch up to first! So I'm not selling either! But I'm still worried. :worried:
I'll me more carefull when I get to the 100 Club.:cheesy:

Thanks. Good luck to you too!

So, when to get back in... :notrust:

 

[JTH]

My chart, as of five minutes ago, looks like this:

View attachment 10860​

Remember, this chart doesn't try to see into the future. It is based on past information only. But I hold positions in the C and S Fund analogs and based on this chart, I'm not selling.

Good luck with your decision and let's all be careful out there!

My guess... When all those fancy lights of yours turn green, get out of the way

 

[jpcavin]

So, when to get back in... :notrust:

RMI, I thought you were in S fund? You ARE in.

 

[RealMoneyIssues]

RMI, I thought you were in S fund? You ARE in.

I will be in 13 minutes if I don't cancel. I jumped to G a week ago...

 

[Steel_Magnolia]

Here is the latest chart from my analytical program. It looks like S Fund is the definite choice.

View attachment 10885​

It may be hard to see the chart labels, but IWM, the S Fund analog, and SPY, the C Fund analog, are the only ones that are above their 3-day, 10-day, 20-day, 100-day and 200-day averages. IWM is higher than it's 5-day average volume, and the money stream surge for the past week was a numerical value of 16.10, as opposed to 6.19 for EFA and 5.42 for SPY. Also the IWM 30-day price trend versus the market is the only fund that is in positive numbers.

Yep, I'd say S Fund. And I have a significant position in TNA, the 3x S Fund analog.

Let's all be careful out there!

 

[weatherweenie]

I have a significant position in TNA, the 3x S Fund analog.

GREAT call hanging onto TNA!

 

[Steel_Magnolia]

GREAT call hanging onto TNA!

Thank you, yes, it's having a good run and I'm pleased with it. I don't know how long I'm going to hang on to my SSO, the 3x C Fund analog, because it's starting to have a bumpy ride. But I don't see any negative issues at all popping up with TNA yet.

 

[jpcavin]

Hi Ann
Just stopped by to say hello. Thanks for your daily charts. One of the first things I look at when I log on. You started something. Now you gotta keep them updated.

 

[Steel_Magnolia]

Hi Ann
Just stopped by to say hello. Thanks for your daily charts. One of the first things I look at when I log on. You started something. Now you gotta keep them updated.

Hi Judy, I'm glad you find them helpful. Feedback is always 'the breakfast of champions. <grin> Thanks for your visit!

 

[Steel_Magnolia]

Ugly market day today. Here's the chart:

View attachment 10890​

This snapshot was taken just a couple of minutes ago. You can see that no fund is above it's 5-day average. The S Fund analog, IWM is the only one that has a "5-day Trend vs. Market" in positive figures. Money stream (farthest column on right) is shifting to EFA (I Fund), however dollar is up today so I don't know if that will last.

I'm sticking with my TNA for the moment but I have my finger on the button.

Y'all be careful out there!

 

[Steel_Magnolia]

This snapshot of my chart was taken just a few minutes ago. It looks better than yesterday's, doesn't it!

View attachment 10901

The MoneyStream Surge says that EFA (I Fund) is now where the new money is going. IWM (S Fund) still has the best 5-Day Trend vs. Market. And because of the yellow dots and the readings on the Volume Buzz, we can tell that the SPY (C Fund) and EFA are where the momentum move up is.

I'm keeping my TNA. Let's all be careful out there!
​

 

[poolman]

This snapshot of my chart was taken just a few minutes ago. It looks better than yesterday's, doesn't it!

View attachment 10901​

The MoneyStream Surge says that EFA (I Fund) is now where the new money is going. IWM (S Fund) still has the best 5-Day Trend vs. Market. And because of the yellow dots and the readings on the Volume Buzz, we can tell that the SPY (C Fund) and EFA are where the momentum move up is.​

I'm keeping my TNA. Let's all be careful out there!​

Thank You for posting your chart. I finally took the time to look at it and study it. This is quite an impressive chart you have designed and made.

Thanks again!

Post Again, I was afraid when I replied that your chart would not show up. Sorry