Steel_Magnolia's Account Talk

[Steel_Magnolia]

It's so good to see that nasa and Norm are still around! I'm guessing Birch is retired and enjoying the beach? What about Alevin, Frixxxx, James(whatever #'s), coolhand, burrocrat...??

And thanks for the welcome back, mmk119. I hope I find you in the "New Friends" category.

Maggie

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[tsptalk]

It's so good to see that nasa and Norm are still around! I'm guessing Birch is retired and enjoying the beach? What about Alevin, Frixxxx, James(whatever #'s), coolhand, burrocrat...??

We haven't heard from Birch in a long time, although I think coolhand has kept in touch with him.

All the others you mention are still around - some as regulars, some pop in here and there, except for Burrocrat. Sad story... https://www.tsptalk.com/mb/site-news-and-announcements/30529-passing-burrocrat.html

 

[nasa1974]

Are You guys trying to catch up with us?:cheesy:

Nope. You will always have a 7 month lead on us.

 

[Steel_Magnolia]

We haven't heard from Birch in a long time, although I think coolhand has kept in touch with him.

All the others you mention are still around - some as regulars, some pop in here and there, except for Burrocrat. Sad story... https://www.tsptalk.com/mb/site-news-and-announcements/30529-passing-burrocrat.html

Tom, thanks for letting me know about Matt. I was saddened to learn the news but so proud of our TSPTALK family for steeping up to help!
Ann

 

[Steel_Magnolia]

As far as the stock market goes, I am a fairly conservative trader. My current allocation is 30% in investment grade corporate and high dividend bonds, 10% QQQ's, 10% IWF ( somewhat analogous to S Fund), 10% in a C Fund analogy, 10% in two ETFs that would constitute an I Fund analogy, and the rest in stocks and ETFs such as JNJ, PFE, SHOP, ZM, TDOC and others involved in stay at home and vaccine businesses.

So far, I'm pleased with the results.
Maggie

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[Steel_Magnolia]

Maggie's Best Of Day

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[Steel_Magnolia]

With interest rates close to zero, being in bonds (F Fund analog) as a hedge against equity problems doesn't seem like the place to be. Normally I would go to gold. But am I remiss in not looking at Bitcoin?

Those who know me know I'm a bit of a fuddy. I love the fact that there's a Bitcoin thread here! Something for every need.

Maggie

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[Steel_Magnolia]

Maggie's Best of Day

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[tsptalk]

Normally I would go to gold. But am I remiss in not looking at Bitcoin?

I mostly trade it because I have a hard time watching things fall while I hold - a flaw in my strategy for sure, but I think bitcoin is a worthy addition to any long term portfolio at some percentage depending on one's tolerance for risk and volatility.

 

[Steel_Magnolia]

BREXIT DEAL??
CNN just reported that a Brexit deal is very near and is expected to be signed on Thursday!

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[tsptalk]

The market seems un-phased by that. Too many other things to worry about (or be excited about) I guess.

 

[Steel_Magnolia]

I hope you all, old friends and new, have a very Merry Christmas!

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[James48843]

Wow! Welcome back ! Good to see you here. Just in time I think for some interesting market movements, too. It’s been running up so hard and so fast I can’t help but think there is a little drop in the not too distant future.

Hope you are able to recover. Health is so important.


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[Steel_Magnolia]

Maggie's Best of Day

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[Steel_Magnolia]

Maggie's Best of Day

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[Steel_Magnolia]

Does anyone John Murphy's articles yet? If not, I can. Here's an example .


RUSSELL 2000 GIVES SHORT-TERM WARNING --
RSI WEAKENS --
MACD LINES TURN NEGATIVE

John Murphy | December 29, 2020 at 03:12 PM


RUSSELL 2000 ISHARES WEAKEN...Stocks are having trouble holding onto today's intra-day records. Small caps in particular are showing some new signs of weakness.

More: https://stockcharts.com/members/analysis/20201229-1.html

​

 

[Steel_Magnolia]

Some interesting information in one of my financial articles today makes me a lot less nervous to be all in right now:

"The pattern forming on SPY appears to be "Three drives to Top." This pattern has a downside target to where the pattern began, which is near the 362 range. Today, SPY closed at the previous high of 12/18/20 on reduced volume and a bearish sign. Yesterday we said, "The TICK closed at -472 and in panic level, suggesting a bottom is not far off. TRIN closed at .87, which is neutral. With tick reading in panic level, could see bounce tomorrow but should find resistance near previous high of 372 on the SPY." (Which is the 12/18/20 high). A bullish setup could form near the 362 SPY in the coming days. Will remains neutral short term and bullish intermediate term for the SPX."

 

[Steel_Magnolia]

Still all in, analogs of C and I 30%, S 40%.
Watching technicals closely.

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[Scout333]

Still in but nervous as a long-tailed cat in a room full of rocking chairs! Sticky pants deployed. LOL