Uptrend's Account Talk

[MrJohnRoss]

Everyone is already so bearish you get nowhere in this game agreeing with the consensus. I'll suck on this rally all day long.

Heh heh heh. Funny. :laugh:

 

[Uptrend]

Heh heh heh. Funny. :laugh:

Great for day trading. Perhaps the Thrift Board will wake up and decide to roll out day trading with the Roth. Wouldn't that be a hoot. Oh, I forgot, they are so slow at rolling out anything that I probably will be retired first. But then Boyers PA has a huge backlog. H'mm.

 

[Uptrend]

 

[Uptrend]

Today is more of the same. Bear flags are on SPX, Whilshire 4500, and EFA. The market is held in a narrow range, after a big run-up which is fairly typical of an optons X week. The S fund is weaker than the C fund, as the C is above the 50 ema and the S is below. Next Monday should be a different story for the markets. The F fund is the only real buy and hold at this time. The market internals (breadth and strength) are terrible. You can have up momentum btw for a short amount of time in a down market. Risk on/off is on the fence. When in doubt stay out as they say.

 

[Uptrend]

US dollar is still declining and EFA (I fund) is still on a buy in the short term. VIX is down, as well as bonds in the short term, and weak pick-up in equities so far. Breadth and strength are still weak. Risk is on however, and I am not sure why.

 

[nnuut]

Hey I like yor TSP Rubics Cube thingie!

 

[Uptrend]

Hey I like yor TSP Rubics Cube thingie!

Ha Ha Thanks!

Today, we have a bunch of red, as the options week reversal was expected. SPX path has been adjusted slightly, based on the 1293 lower high for the B wave in ABC for the correction. Wave A should equal wave C at a minimum or 1393-65=1328. I know it sounds harsh. SPX 1340 has to be gone through first, as it is pretty good support, so we will monitor as this wave unfolds; probably as a abc with a bounce at 1340. Strength is an artifact of Fridays close, and because of the down open is no doubt red by now.

 

[Uptrend]

Todays cube is shown. (Look at the top one, as VIX is green) Contrarian sentiment is green (in a red market), but that goes to show you that sometimes the crowd is right! The method used is different than the TSPtalk method. A lot of red, as the move is not over yet. I am expecting a big fall soon to get below the 1340 area, but as we know anyting can happen.

 

[Uptrend]

Today is a surprise, so let's see what happens. Breadth is healing, so the market might bottom right here. Risk is on.

 

[Uptrend]

Yesterday there was a mistake on the cube, as the C fund in the intermediate term should have been orange, not yellow, for a potential turn up instead of turn down. The market is resting on a pivot point, so there is no resolution for a intermediate term trade. The I fund is still much weaker, despite the little surge in the past few days. The US dollar could stop sliding soon. The contrarian sentiment called this last pop, 2 days ahead. Bonds are not in synch with the market in the opposite direction. And distribution was in play yesterday, as money flow was contracting.

 

[Uptrend]

The cube has given a buy signal for C and S in the intermediate time frame. I also expect the I fund intermediate trend to flip to a buy within a few trading sessions. With this trading system, one should buy now, or at the next minor pullback, if not already in the markets. Breadth has improved and turned up. Momentum and strength are up, as well as money flow. Could be the real deal, or one minor trough ahead. At any rate the markets should advance soon.

Trend trading misses the first rise off the bottom, but on the other hand does not get whipsawed as easily.

 

[gronk007]

I am new to the forum and very interested in the fundamentals of the cube. Is there a place you can point me for a description of the cube and how it works? Thanks in advance.
Bill

 

[Uptrend]

I am new to the forum and very interested in the fundamentals of the cube. Is there a place you can point me for a description of the cube and how it works? Thanks in advance.
Bill

Hit the blog link at the bottom of this page and go to the "Trend Cube Update" posted on 4/15/12, for an explanation on how the cube works.

 

[gronk007]

Thx

 

[Uptrend]

Monday April 30 cube update. Mostly green, except for the I fund intermediate trend, but that should change very soon to green also. The market is being lifted, in part, by the US dollar weakness. Breadth is strong at the moment. The market should hit resistance near the prior SPX 1422 top, and then we shall see what happens.

 

[Cactus]

I really like the new layout of your TREND CUBE, Uptrend. I find added header blocks clear & informative. Thank-you for all the work you put into this.

 

[Uptrend]

I really like the new layout of your TREND CUBE, Uptrend. I find added header blocks clear & informative. Thank-you for all the work you put into this.

Thanks. I am still evaluating the triggers in the short term trend.

 

[Uptrend]

Cube for May 1. I think the intermediate term trend will win out, but who knows for sure? Strength and breadth are still fine, risk is still on, and contrarian sentiment is holding up. Cross your fingers.

 

[Uptrend]

Todays trend cube. The dollar is trying to form a bottom. Bonds are still strong, as there was a lot of buying on weakness yesterday.

 

[Uptrend]

On todays trend cube we see that the US dollar is wanting to turn up. This is putting pressure on the international fund as well as the US markets. Sentiment is also getting too bullish. Put together, this looks like weakness in the very short time frame. The intermediate trend and breadth has not eroded yet. Bonds remain strong.