Whipsaw's Account Talk

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Stepping aside on what looks like will be a strong up day, at the top of the trading channels, at resistance, near term open gaps below, and ahead of the seasonal weakness approaching. Still bullish... Booking profits, making for a good weekend. 12 mo. PIP at ~ 8%, not too shabby.

IFT 100% G COB - 1st IFT for July, looking to move back in at a future low point... Happy Friday everyone! :cool:
 
Whipsaw said:
Another 'this is TSP' article, they must be trying to drum up business...

The Five Basic TSP Funds Available
Click to expand...

The article quote:
"Well known investment guru John Bogle (founder of Vanguard Funds) said that the TSP’s index funds are a great way to invest. In an interview ten years ago, Bogle stated that the TSP is “…as close to a perfect retirement plan as you can have….”

TSP is not even our "retirement plan".
Its only 1 of 3 retirement vehicles we have. FERS defined pension, for most people, who sadly don't contribute too much, invest poorly, or withdraw early with penalty for personal reasons, will be their largest monthly portion.
It probably would be appropriate to say "FERS" is as close to a perfect retirement plan one could have...the stability of the FERS pension and Social Security monthly payments, combined with the potential to accumulate a million dollars in your TSP if you do things right.
 
Spot on FWM, this site has been fantastic resource in getting my TSP on track. For instance, Tom is talking of a pull back, Amoeba a correction, Coolhand is thinking we're near a top, Ripper went to G yesterday, as did you and I on Friday. Pretty good consensus and indication of where to be, especially for folks new to the TSP. Curious if the heathcare soap opera will derail tax cuts and take the Trump bump back to election day levels... hmmmmmmmm.....
 
Whipsaw said:
Spot on FWM, this site has been fantastic resource in getting my TSP on track. For instance, Tom is talking of a pull back, Amoeba a correction, Coolhand is thinking we're near a top, Ripper went to G yesterday, as did you and I on Friday. Pretty good consensus and indication of where to be, especially for folks new to the TSP. Curious if the heathcare soap opera will derail tax cuts and take the Trump bump back to election day levels... hmmmmmmmm.....
Click to expand...

Not wanting to turn your site political but for investment purposes if they do a repeal and no plan in place I think the market will have a problem. Also the debt ceiling will be a contributor as it gets closer to September 30th without resolution.
 
Wow, almost two weeks without a post... Travel can do that. At any rate, almost pulled the trigger yesterday for very much the same reasons FWM jumped in. Watched a few of the market videos last night, mostly indicating bearishness and weakness going forward for the time being. Futures are up, some folks may make some coin today, we'll see.
 
Still exercising patience in jumping back into the market. The most recent Grok trade video is pointing at several bearish formations/indicators... I still see the economy as expanding, though as Tom said, many may be already bought in limiting the upside of late. Futures were up, though the market appears mixed at the moment. Need to fill that low gap in the SPY and whats left in the S-fund.
 
Whipsaw said:
Still exercising patience in jumping back into the market. The most recent Grok trade video is pointing at several bearish formations/indicators... I still see the economy as expanding, though as Tom said, many may be already bought in limiting the upside of late. Futures were up, though the market appears mixed at the moment. Need to fill that low gap in the SPY and whats left in the S-fund.
Click to expand...

We may not get an opportunity to buy in until early next week. My crystal ball is telling me to remain patient as yesterday's closing prices are hovering just below or just above the 10 SMA. Following my strategy as it has treated me very well this year.:D
 
Out of town the past two days watching the action on my cell. Was able to put in the IFT 25 C, 15 S, 10 I, 50 G, cob today via my cell... IFT in the tracker was 2 minutes late, sorry... :-/

Putting in a 50% position, if it goes lower, I'll buy more... we shall see... Good move RF! :D
 
Glad to see you were able to jump in today WS. I thought about diversifying a little more and throwing some at the S Fund, but decided the risk wasn't worth the reward. My thinking on that is that with the failure of Congress to repeal and replace Obamacare, small caps took the brunt of the hit and will continue to do so until Congress gets on the stick...Okay, enough of the political BS...
 
Nice open! Would like to see a relief rally... the question is, put more in today and then bail for the month after a few days of gains? Or... Hold through the next bout of weakness and buy more then... Or... ?
 
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