Whipsaw's Account Talk

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Yes Frank, I'm a sucker for conspiracy theories and think Mr. Market has gone all out to manipulate the Fed to hold back/reduce further rate hikes. :D On a more rational note I don't think we are through dropping yet and I wouldn't enter here if I weren't already in. I can see the market going up/sideways on Monday & Tuesday only to drop again when the Fed talks on Wed. Call it one of those buy the rumor sell the news type of week if you prefer.
 
No move for me, markets headed back down with oil declining. Need to do some reading on the various websites this evening and get a better feel for what is going on post snowmageddon weekend.
 
Ugh...looks like we cannot hold spy index 188..nor could we hold Dow 16000, nor S&P 1900, and S Fund is selling off badly. I don't know what is worse...having to watch us retest the 1812 S&P level...or to watch that sucky CNBC blow happy feelings up our lower end or to tell the average investor to just let your money ride the correction down into a bear. This morning they posted a guilt article about parking your money to safety. Anybody have a site that really stays on with just the market instead of just bringing out the doomsday people when things are bad and the rosy people when things are going good?:worried:
 
felixthecat said:
Ugh...looks like we cannot hold spy index 188..nor could we hold Dow 16000, nor S&P 1900, and S Fund is selling off badly. I don't know what is worse...having to watch us retest the 1812 S&P level...or to watch that sucky CNBC blow happy feelings up our lower end or to tell the average investor to just let your money ride the correction down into a bear. This morning they posted a guilt article about parking your money to safety. Anybody have a site that really stays on with just the market instead of just bringing out the doomsday people when things are bad and the rosy people when things are going good?:worried:
Click to expand...

Marketwatch.com is pretty good, so is Briefing.com. I saw the selling at the open, but not the acceleration down to the close!
 
The latest out of the MarketStream is saying that there has been a lot of technical damage done and that the bulls have their work cut out for them. Expect volatility and large market swings. That said, I'm considering a short term play for the next down day, in then out, ala Burro ;) The Burro-Ark is on target right now, I didn't get it and don't want to chase at this point.

Dow up more than 200 points as stock rally gathers steam - MarketWatch.com
 
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Futures are down, but flat... From Marketwatch, A 2008 meltdown isn't expected, but there are lots of problems out there...

Here
 
Whipsaw said:
The latest out of the MarketStream is saying that there has been a lot of technical damage done and that the bulls have their work cut out for them. Expect volatility and large market swings. That said, I'm considering a short term play for the next down day, in then out, ala Burro ;) The Burro-Ark is on target right now, I didn't get it and don't want to chase at this point.

Dow up more than 200 points as stock rally gathers steam - MarketWatch.com
Click to expand...

Been thinking the same thing Whipsaw, especially since Monday is the beginning of a new month and along with it comes 2 more IFT's. :rolleyes:
 
Whipsaw said:
So, a one or two day play this month, then set up for the next! :D
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Exactly! Oil inventory estimates were higher than expected, which should drive the price of oil down even further and in lock step the stock market. Then Janet Yellen releases the FED statement at 2:00 pm Eastern. I don't think she backs off more interest increases in 2016, although I do think she will cut down of the number of times she will do it. Got about an hour to time this thing, so we will see what happens.

Note: If you haven't done so yet, It may be a good time to login to your TSP account and set up your security questions. That way you don't get caught fooling around with it at the last minute. I did it yesterday and it took about 5 additional minutes to login.
 
ravensfan said:
Exactly! Oil inventory estimates were higher than expected, which should drive the price of oil down even further and in lock step the stock market. Then Janet Yellen releases the FED statement at 2:00 pm Eastern. I don't think she backs off more interest increases in 2016, although I do think she will cut down of the number of times she will do it. Got about an hour to time this thing, so we will see what happens.

Note: If you haven't done so yet, It may be a good time to login to your TSP account and set up your security questions. That way you don't get caught fooling around with it at the last minute. I did it yesterday and it took about 5 additional minutes to login.
Click to expand...

Great advice. And, I'm calling for a nice rocket ship ride for C and S funds beginning today at 2:01 P.M. :D

Frank
 
Hope your right about liftoff. I still believe the markets are finding footing here...so regardless of FED meeting....we go higher in the near term. This market action looks like a timid put a toe in at a time strategy.
 
WS and FTC: Are you going to dip your tip-toe in today?????? I am looking more at tomorrow depending on what happens today. MACD is rising and just about to cross above its signal line. Getting close, but then again....
felixthecat said:
Hope your right about liftoff. I still believe the markets are finding footing here...so regardless of FED meeting....we go higher in the near term. This market action looks like a timid put a toe in at a time strategy.
Click to expand...
 
felixthecat said:
Hope your right about liftoff. I still believe the markets are finding footing here...so regardless of FED meeting....we go higher in the near term. This market action looks like a timid put a toe in at a time strategy.
Click to expand...

RF, are you all in or partial?
 
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