TradingJoe's Account Talk

[TradingJoe]

Another down day. I am bleeding out, crashing. How many more of these days will we get in Oct? This month reminds me of the movie, "Perfect Storm." In the movie, there is this scene where the sun comes out for a brief moment, seas calm down, the crew rejoices, like the rally on Monday (did we feel a sense of relief?). In a short moment, darkness returns, seas rage - like today. Captain says something like, "this will not let us out." Eventually the sea takes the boat and crew. 45C/35S/20I since Oct 1. Used up IFTs, my only recourse is go to G to lock in huge loss. Crap, should have gone to G yesterday like 350Z. Bring on the pain, at this point, we are heading for lower lows.

 

[TradingJoe]

4-Runner's Account Talk

Question - why is gold $ dropping so much today?:worried:

 

[Birchtree]

The CPI indicates no inflation for the forseeable future. All commodity sectors are weakening.

 

[TradingJoe]

Futures are way down all across the board - panic OSM? Yesterday went 25% G, wish I was able to catch CP's last minute decision to go to 50% G, but too close to noon and ran out of time. Steady and WH - great move to all G Oh well, hope there will be a nice pop up sometime next week to put more in G. :suspicious: Sources say a bear rally is near - don't want to miss it, KD believes we're going down - want to step out to G. Charts are ugly and getting worst. I am down ~ 30% overall YTD 45C/30S. GL everyone in.

 

[TradingJoe]

4Runner's Account Talk

April statistics from CNBC below. Beginning tomorrow, two tokens (IFTs) will be handed to us for April - use 'em wisely.

• Dow (since 1897)
  • On average the Dow has gained 1.1% during April (and an avg of 1.5% after a positive March)
  • Up 56% of the time, average gains of 4.63% when up (and an avg of 5.3% after a positive March)
  • Down 44% of the time, average loss of -3.43% when down (and an avg of -2.8% after a positive March)
  • The biggest April gain was in 1933, when the Dow finished up 31.95%
  • The biggest April loss was in 1932, when the Dow finished down -23.68 %
  S&P (since 1928)
  • On average the S&P has gained 1.16% during April (and an avg of 1.7% after a positive March)
  • Up 62% of the time, average gains of 4.33% when up during April (and an avg of 4.4% after a positive March)
  • Down 38% of the time, average loss of -3.96% when down during April (and an avg of -3.0% after a positive March)
  • The biggest April gain was in 1933, when the S&P finished up 33.85%
  • The biggest April loss was in 1932, when the S&P finished down -20.25%
• Nasdaq Composite (since 1971)
  • On average the Nasdaq has gained 1.22% during April (and an avg of 2.4% after a positive March)
  • Up 63% of the time, average gains of 4.61% when up during April (and an avg of 4.4% after a positive March)
  • Down 37% of the time, average loss of -4.6% when
  • down during April (and an avg of -3.7% after a positive March)
  • The biggest April gain was in 2001, when the Nasdaq finished up 15%
  • The biggest April loss was in 2000, when the Nasdaq finished down -15.6%

http://www.cnbc.com/id/29975133

BTW, I am 100% G. Trade well.

 

[nasa1974]

Re: 4Runner's Account Talk

Very interesting!!! Thanks.

 

[TradingJoe]

Re: 4Runner's Account Talk

6th Biggest Holder of US Government Debt - Pension Funds (From CNBC)

Pension funds control large amounts of money, reserved for personal retirements, and thus are obligated to make relatively safe investments. This group includes both private and local government pension funds, totaling $456.4 billion. The private pension fund category also includes US Treasury securities held by the Federal Employees Retirement System Thrift Savings Plan "G Fund."

http://www.cnbc.com/id/29880401?slide=11

 

[TradingJoe]

4 Runner's Account Talk

May 6 (Bloomberg) -- U.S. stock-index futures fell as people familiar with the matter said Bank of America Corp. has the largest need for new capital among the 19 biggest U.S. banks subjected to stress tests.
June futures on the Standard & Poor’s 500 Index fell 1.2 percent to 892.40 as of 9:58 a.m. in Hong Kong. The benchmark gauge closed at 903.80 yesterday. Dow Jones Industrial Average futures dropped 1.1 percent. It was reported that BofA needs additional $31B. :blink:

Up 2.3% YTD. Went in today 25C/25S/50I. Hope we get "better than expected results on stress test." :worried: