Whipsaw's Account Talk

[Whipsaw]

After three days of poking through the Upper BB, and a clear doji at the close yesterday, the S-fund appears to be finally moving down back into the BBs. Will it visit the 18 day MA?

 

[nasa1974]

After three days of poking through the Upper BB, and a clear doji at the close yesterday, the S-fund appears to be finally moving down back into the BBs. Will it visit the 18 day MA?

Let's hope the "S" fund rebounds for a nice finish for the month and the week.

 

[Whipsaw]

Wow, what happened? Somebody just hit the flush handle? :worried: I see factory orders are down >1%, trade deficit is up...

 

[weatherweenie]

[h=1]Treasury Secretary Yellen says rates may have to rise somewhat to keep economy from overheating[/h]

Wow, what happened? Somebody just hit the flush handle? :worried: I see factory orders are down >1%, trade deficit is up...

 

[Whipsaw]

Treasury Secretary Yellen says rates may have to rise somewhat to keep economy from overheating

That'll do it!

 

[Whipsaw]

At the moment, the S-fund is below my exit of last week. But for Yellen yellin', would it have kept truckin' north? Technical analysis be damned! Then again, was the recent weakness predicting yellen's comment? Hmmmmmmmm...

 

[Whipsaw]

So, I'm checking out market websites this morning for anything on futures... Marketwatch said 'asian markets mostly higher'; Market Beat said 'asian markets mixed.' What gives? I've been suspicious of MW for some time now. Any good, straightforward, objective market websites out there folks like?

 

[retread]

I find CNBC the best as far as non-hype reporting and un-obnoxious web site to navigate. I gave up on Investors Business Daily because their web site is so obnoxious with pop ups and redirects. It's as if they intentionally don't want you on their web site. I find MW to be the worst as far as doom and gloom. If I want a headline to reassure myself after I've gone to G it's there, lol

 

[Whipsaw]

Sell offs, and rumors of sell offs...

https://www.marketwatch.com/article...n-stocks-tumble-51620727901?mod=mw_latestnews

 

[Whipsaw]

Many dip buyers on the AT...

 

[Whipsaw]

Good to see the indexes climbing out of the low open... as other said, don't want to go over a cliff.

 

[Whipsaw]

Yesterday on the C fund we closed higher than we opened, that's a gain right? Yesterday's S-fund candle is red, but it opened and closed higher than the previous day, another gain? All Relatively speaking, I guess. I am optimistic for one more slog to the top of the apparent channels, not based on anything in particular.

 

[DreamboatAnnie]

Yesterday on the C fund we closed higher than we opened, that's a gain right? Yesterday's S-fund candle is red, but it opened and closed higher than the previous day, another gain? All Relatively speaking, I guess. I am optimistic for one more slog to the top of the apparent channels, not based on anything in particular.

Good morning Whipsaw! :smile: Answer is no for both (unfortunately ). I do believe the gain/ or loss is computed by comparing the close to the prior close. Yesterday, both candles were red and empty on daily charts, which means it closed at the top of the candle's body. So empty reds look worse than they actually are, but they are still a loss.

I looked into this recently and put it on my post, #3584:

Note - Explanation on candlesticks:

Candlestick Colors- BLACK versus RED -
BLACK means it closed higher than previous candlestick's close.
RED means it closed lower than previous close.

Candlestick Fill - EMPTY versus FILLED Candle -
EMPTY candle means it closed higher than it opened (i.e. price started at bottom of candle and ended at top of candle).
SOLID candle means it closed lower than it opened (i.e. price started at top of candle and ended at bottom of candle).
Typically you get SOLID RED and EMPTY BLACK candles.

Less Common:
SOLID Black forms when price gaps up (at start of period) and then falls, but was still above close from prior period (e.g. prior day on daily chart). Note: So, Price closes at bottom of black solid candle body (not at top).

EMPTY Red forms when price gaps down (at start of period) and then goes up, but was still below prior period close (e.g. prior day on daily chart). Note: So, Price closes at top of red empty candle body (not at bottom).

 

[Whipsaw]

Interesting... I just went back and looked at the charts after the open and the position of yesterday's candle change, at least on the S-fund. :suspicious:

 

[Whipsaw]

We're headed north and east now... :cheesy:

 

[mmk119]

A Nor'Easter? oh no!

 

[Whipsaw]

Nice action today to lead off the week. :biggthumpup:

 

[DreamboatAnnie]

Yes, its great to hear the coins jingling! :arms:

 

[kb9nvh]

We've been here before... I'm not gonna buy any lumber just yet with the booty. Lol

 

[Whipsaw]

Wishing everyone a happy and thoughtful Memorial Day. :usa2::unitedstates::usa2::unitedstates::usa2::unitedstates::usa2::unitedstates: