FogSailing
Market Veteran
- Reaction score
- 61
I've heard Burro, DBA, EXN, and WS and decided to be a contrarian this month and stay in (partial exposure) for the month.
Reasons to Stay In: RSI is ok, MACD is ok, Personal income, new jobs, job openings, hourly salary, and unemployment are ok to good, sentiment is good, vix is ok, interest rates are ok, Asian markets seems to be moderating a bit as do European markets. The news today about Iran deal may be bring some positive stability even if it reduces oil profits in the short term, Hopefully earnings will be OK and not spook the markets. BUT the biggest reason: Birchtree is still in. It's great that you can always count on a few things in life
Reasons to Get Out: FEAR -The crazy swings caused by the China and Greece headlines. Puerto Rico (?) Cramer's retracement warning a month ago.
I actually expect some down days this week but hope to catch a some upswings and buy the dips. Will retrench later this month and figure out. I think we will have a correction...just no idea if it's this month or in the fall.
View attachment 34488
FS
Reasons to Stay In: RSI is ok, MACD is ok, Personal income, new jobs, job openings, hourly salary, and unemployment are ok to good, sentiment is good, vix is ok, interest rates are ok, Asian markets seems to be moderating a bit as do European markets. The news today about Iran deal may be bring some positive stability even if it reduces oil profits in the short term, Hopefully earnings will be OK and not spook the markets. BUT the biggest reason: Birchtree is still in. It's great that you can always count on a few things in life
Reasons to Get Out: FEAR -The crazy swings caused by the China and Greece headlines. Puerto Rico (?) Cramer's retracement warning a month ago.
I actually expect some down days this week but hope to catch a some upswings and buy the dips. Will retrench later this month and figure out. I think we will have a correction...just no idea if it's this month or in the fall.
View attachment 34488
FS
Maybe that's not a good reason to stay in but with our IFT limitations I'v had to make many such unwise decisions with my TSP account. My whole approach would change if I only had two Entry IFTs a month or even if I could carry unused IFTs forward to the next month.
