Uptrend's Account Talk

[Cactus]

Yeah LAT probably shops at Target and has all our SSN, drivers licenses, debit card # etc

Not to mention enough access to our TSP Funds to transfer >20% in one day. Now that's what I call a retirement plan. He probably started and retired on the same day. :laugh:

 

[Uptrend]

The market is at an inflection point and the SPX is trapped between 1828 and 1843. I have swept the completed trades to a "Completed Trades Page" that I will show periodically. My TSP straddle (70%F, 30% C) was good for a short term, but I sell and go to G tomorrow. My non-stop models and the chart TA bias is down. However, the TSP "C" fund trade is still in play. Just don't care for these situations where there is no clear direction, and we have to wait for market open to see which way the boat leans. Bullish sentiment is cooling a bit. Gold miners appear to be topping and DUST may take off soon. But right now there is not much confirmation of direction in the gold camp either. Bonds prices could rise a little bit yet and if one was 100% F, I might let it ride a little further. On the road tomorrow, so won't be checking in, but post away. Thanks.

 

[Uptrend]

 

[Uptrend]

Looks like I missed the NUGT trade. Can't win em all. Gold is really fickle and dangerous to your wealth to play. But profitable if you make the right moves. Here is the rest of what I am doing.

 

[Uptrend]

The market advance was a bit of a surprise to me today, although institutions put the big money down in the last hour on last Friday. Out of TZA for now with a slight loss. Blackberry was soaring this morning, I think due to gov orders.

 

[Uptrend]

Today's summary

 

[Uptrend]

 

[shitepoke]

U
Do you think SPX 1816 in next few days as 1828 was reached. Spose it matters how we close though...

 

[Uptrend]

U
Do you think SPX 1816 in next few days as 1828 was reached. Spose it matters how we close though...

SPX 1800 is the next support area now. Wish I had not been whipsawed out of the F fund as the last two days have been shinning, considering it hardly moves at all. The I fund fell off a cliff, while the small caps are not doing much better. Too bad for the S bag holders today. Gold is now overbought IMO and primed for a slide.

 

[Bquat]

I didn't go F fund because I think cash may be the key for this dip. I have a feeling, just a feeling Bonds may get damaged also. Just a feeling but I'm not the smartest card in the deck.

 

[Uptrend]

I didn't go F fund because I think cash may be the key for this dip. I have a feeling, just a feeling Bonds may get damaged also. Just a feeling but I'm not the smartest card in the deck.

Looking at AGG weekly, it is up against resistance and nearing overbought as well. So, there may be a sinister outcome in the cards.

 

[Uptrend]

Today's analysis

 

[Uptrend]

Don't get caught up in all the excitement, as the trend is still down. About halfway or a little more. SPX bottom projected at 1740.

 

[MaStA]

Just wanted to say thank you once again for posting your signals. Much appreciated!

 

[Uptrend]

Just wanted to say thank you once again for posting your signals. Much appreciated!

Thanks Looks like a short term bounce is coming, but don't think the downtrend is over. Gold is up against resistance in the 1275 area. Too risky to jump on DUST, because we don't know if gold will reverse or jump the creek. Waiting on that one.

 

[Uptrend]

In all probability, this is not the bottom but rather an oversold bounce testing broken trendlines to create a lower high. Gold is swinging wildly and making leveraged funds hard to play at the moment. That was quite the reaction (down) off the 1275 area. SPX could backtest as high as 1812 in the next few days, but I still think the target is 1740.

 

[Dutchy]

Thank you for posting, always interesting to read your chart.
At what price would you sell your TNA holding and do trade on margin or is there a 3 day settlement period ?? Thanks..

 

[Uptrend]

Thank you for posting, always interesting to read your chart.
At what price would you sell your TNA holding and do trade on margin or is there a 3 day settlement period ?? Thanks..

Hi Dutchy: I don't trade on margin and am trading inside my IRA, so a 3 day settlement period. However, that is no problem, because I manage position size and rotate money for a portion of the account. To provide stability I carry some good dividend paying stocks and play the buy sell game (support/resistance etc). The principle is to accumulate more shares all the while getting increasing dividends and provide stability to the account. Normally I buy more shares a few days after the X dividend dates as the stock takes a hit to the amount of the dividend, but it all depends on the price action on accumulation.

Today the market got a reaction off touching broken trendlines yesterday IMO. This is normal and I still think we might get an ABC up before continuing the downtrend as the market appears to be oversold. I still have SPX 1730-1740 as an overall target, but think we could back test up to 1800 or 1812 first. The more sideways price action we have, the higher the broken trendline becomes and the market can then achieve the 1812-1814 area.

 

[Uptrend]

The I fund went to "buy" today. This is based on TA for the EFA and UUP charts. For EFA, support near 63.30 is holding, price is resting on the lower BB, and momentum is shifting. The UUP chart and US dollar is overbought. IMO, this is a good combination for > price in the I fund. Sold TNA and looking for a new entry point.

 

[Uptrend]

Bounce underway. Looking for sustainability. My non-stop model for TSP C and S says stay in cash. I fund was oversold based on TA, so I gave it a shot. Looking for the USD to fade soon.