Steel_Magnolia's Account Talk

Lady,

Welcome back and glad to see the pics!

Look forward to seeing your analysis/charts again.

Peace!

Frixxxx
 
Lady's home

Here's something to chew on.

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You can see that AGG (F Fund) is the only one that has much money coming into it this week. But SPY (C Fund) and IWM (S Fund) are off to the races again today. The I Fund analog is up by a half percent right now as well. But my two cents is that I wouldn't have any longs in the EU right now.

And here's something I like a lot better than the Euro.

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I'm back home

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I changed colors in some of the columns, hoping that they're easier to read. Note that the '5 day price vs market' is telling us that the I Fund analog has been the best performing one, even with all the EU worries. S Fund is a distant second but still did very well.

But this is a trading, not a trending, market. And past movement doesn't tell us much about what future movement is going to be. In my opinion anyway.

Now I've dusted the place and fluffed up the chair pillows, filled the fridge with drinks and made a fresh batch of cookies (chocolate chunk, with or without pecans) so make yourself at home and tell me what YOU think about this market.
 
Just for you, Birch!

[video]http://www.zacks.com/video/[/video]

Zacks says, "Buy the fear....I still see us going to 1300 by year end...if Greece really does call for a vote and this drags out until January then all bets are off and we're going back down to 1150."
 
And u-u-up and d-o-w-n and .... Day traders are probably having a field day in this market. But they aren't us. I used to disparage the G Fund Garage. Now I wish I still had that option! ;P
 
Re: Our summer place, pt. 1

Afternoon Maggie. Mid month we have to worry about the group of 12 and their budget decision. That could also be a game changer.

p.s. With cooler weather coming are you going to start baking those tasty cookies of yours? ;)
 
Re: I'm back home

...p.s. With cooler weather coming are you going to start baking those tasty cookies of yours? ;)

...Now I've dusted the place and fluffed up the chair pillows, filled the fridge with drinks and made a fresh batch of cookies (chocolate chunk, with or without pecans) so make yourself at home and tell me what YOU think about this market.

Got my apron on and smudges of flour on my face, my friend. And I'm taking requests. :)
 
When it comes to investing I have been a technician from way back. Look at the charts, find the trends, buy them. Over the last year or so I have slowly come to a realization of the fact that Stock Guru Jason Kelly states so succinctly this week:

Charts are helpful when they provide some kind of clue as to the future of the market based on a clear trend or historical pattern. Anybody claiming to spot a trend in the mess that is the current chart, what with its -- count 'em -- six interim peaks and six interim valleys in the last 14-week journey to nowhere, is grasping. The chart is not forecasting the market; events are jerking the market around and it's leaving evidence of that on the chart. If the EU comes up with a credible plan that doesn't deteriorate within days of its birth, the chart will rise. If Italian bond yields exceed 7 pct, the chart will plummet. So, for now, forget the chart as a forecasting tool.

So now that stock prices are SO dependent on world news I'm wondering ... anyone have a working crystal ball they'd like to get rid of? ;P
 
When it comes to investing I have been a technician from way back. Look at the charts, find the trends, buy them. Over the last year or so I have slowly come to a realization of the fact that Stock Guru Jason Kelly states so succinctly this week:



So now that stock prices are SO dependent on world news I'm wondering ... anyone have a working crystal ball they'd like to get rid of? ;P

I've been posting this chart and pattern for my subscribers if it helps. The red line is the 200-day SMA and this is the for the Nasdaq.
 

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When it comes to investing I have been a technician from way back. Look at the charts, find the trends, buy them. Over the last year or so I have slowly come to a realization of the fact that Stock Guru Jason Kelly states so succinctly this week:



So now that stock prices are SO dependent on world news I'm wondering ... anyone have a working crystal ball they'd like to get rid of? ;P

No crystal ball here Lady, but there are big ones of the non-crystal variety in the vicinity. :cheesy: I've been watching the monthly stochs and Wms %Rs mostly myself these days. that and the 13x34 weekly EMAs. Individual stocks, dividend payers primarily, some of them have been showing the kind of patterns I've been looking for. everything else looks rather dangerful, to quote a friend from long ago in another place, staying away from indices til the world gets things figured out or until I see better longterm patterns in the index charts, minimum weekly charts.

BTW, bout time you got back here. Sitting and gabbing at the kitchen table with favorite people, missed that while you were gone. welcome back! :)
 
Re: Our summer place, pt. 1

Hey everyone, do you remember back when the world was young [ ;P ] Tom presented a chart showing a leading relationship between housing and the stock market? It was right after housing had imploded and intimated a huge drop in the stock market coming. Well I hope the relationship is still in force, because in his Rhodes Report Richard Rhodes says,

Quite simply, the past 5-week rally has been breathtaking, but it remains to be seen whether it has "legs" of whether it does not. It is of our opinion, that it "does have legs", and it does so given the Financials (XLF) are rallying...but more importantly - the Homebuilders (XHB) are leading the rally. And, we think the XHB shall continue leading and actually do better than anyone anticipates at this juncture.
I hope that is good news for stocks!
 
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