Whipsaw's Account Talk

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The Russell 2000 fell sharply on Monday following a report that the House of Representatives was considering phasing in a cut to corporate taxes, rather than enacting them immediately. The index of small-capitalization companies was down 1.3%, on track for its biggest one-day drop since August.
 
Lower highs with what look like bottoming tails, in the S-fund anyway, still smarting from Tuesday's smack down. Hate to think the tax reform effort could fail, or at least take on a crummy construct, which would drive things lower. Hmmmmm......
 
That about sums it up RF! Don't like being caught up in the weakness, seems Ripper was on target when his TSP model moved to G a week or so ago. Going to stand pat for now.
 
I agree with Valkyrie, time to move out of the I fund, not today though. Bottoming tails all over the place, it seems. All teetering on the tax reform bill methinks. It looks as though they are getting closer and that the House bill may pass. If so, expecting subsequent strength... we shall see. :suspicious:
 
I'll take a small rally. November has been kicking my but down the street even with my sticky pants on this ride is getting a bit nauseating.
 
I'm toying with the idea of jumping out tomorrow in anticipation of a post holiday reversal, though I don't think it will be significant, and jumping back in the next week. Possibly moving a little more out of the I fund (though its up big today), need to look at the potential for ongoing USD strength. As for today, yeah, Cha-CHING! :banana:
 
We've blown through the top of the Bollinger bands, may be prudent to step aside today... Hmmmmmm...
 
I'm thinking same thing.. a bird in hand is worth two in the bush. Trying to make decision. I will at least pull some off table. I keep thinking once politicians get back next week, there will be more cage rattling to freak everyone out. :rolleyes: so I'm thinking... :33: ...but I want more....... ughhhh
 
Ok, so... the S-Fund chart is moving into the top of the BB, going to hold one more day... :1244:
 
Whipsaw said:
We've blown through the top of the Bollinger bands, may be prudent to step aside today... Hmmmmmm...
Click to expand...

I'm for making an exit on Friday COB. That way if the politicians muck up the fountain next week I will be on the lily pad. I only have 1 IFT left for November, so I will be out until December. Best of luck in whatever you decide to do...:D
 
Futures are UP! :cool: Re-thinking my re-thinking of what to do going forward; likely in through Friday (misread Tom's seasonality chart for the reversal thing). Maybe just a rebalance out of I and into a 50/50 C and S allocation. Watching the progression of the tax bill and the AL election closely.
 
IFT 100% G COB. Taking profits, looks like we're holding at a high point today and Wednesday, if seasonality holds we should get a nice lower buy in. Will rebalance on getting back in, hopefully the tax plan will be a good catalyst. I hope everyone enjoyed Thanksgiving.
 
Futures are mixed to up... could be a short hiatus this week. As BT would say, more risk being out of this market than in.
 
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