Whipsaw's Account Talk

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Well Whipsaw, so far this last trade is not working out so well and a big fat zero so far this week. Janet Yellen speaks at 1:00 pm. today so we will see if what she says affects the markets.

Taking a wait and see position for the time being...:D
 
Hmmmmm... I'm thinking the turmoil surrounding the WH is causing concerns and uncertainty... All looked good last week, now, not so much.
 
Hard to say... Some discussion of Elliot wave tops, political uncertainty not helping (repeal ocare/taxes taking too long). Dr. F bailed, though many moving in on the AT. Being in, looking for a move upward...
 
Its amazing, haven't heard from JTH in months and he's 14, 15 and 16 on the AT, from moves made on 30 Sep 16! Hmmmmm...
 
We are in an overall uptrend. Seems if you stay in you can't lose, unless we have another 2008. But gotta remember that when that major drop happened we had been in a downtrend for a long time and the 20 was below the 50.

Right now, the S Fund is just below the 20 in price, but the 10 EMA is still above the 20 EMA. If it crosses, I will likely exit my positions.

BUT----see how the Slow Stochastic is already below 20. It could drop more, but looks more likely to bounce up..... as long as I see the 10 EMA above the 20 EMA I will stay in.... come on Slow Stochastic I wanna see you start rising. Could this be the buying opportunity so many have been looking for????? Will see... But I do tend to like the C fund more right now when looking at the Weekly charts.


Best Wishes to you all on your investments!!!!! :smile:
 
So some guy starts yammering about excessive shale oil output tanking the oil market, so there goes the oil market... now it seems we're also in that 'good news is bad news for the market' with the rate hike threat against a stronger economy, so good jobs report - market goes down. On top of that, uncertainty WRT obamacare and associated tax cuts not helping things. Didn't expect to get caught in a down draft like this, looking to the 50 day for a bounce. Would a relief rally be too much to ask for? So far, so good, at least we're green at this point this morning. :notrust:
 
Whipsaw said:
Futures are UP! :D :D
Click to expand...

I'll take any positive news right now. I'm still kicking myself for not pressing the button on March 1st.
I was ready to get out of "S" and thought Oh! I'll wait one more day. Overthought it again. ;swear
 
nasa1974 said:
I'll take any positive news right now. I'm still kicking myself for not pressing the button on March 1st.
I was ready to get out of "S" and thought Oh! I'll wait one more day. Overthought it again. ;swear
Click to expand...

You're in good company nasa. I did the exact same thing and have been kicking myself as well. We've got a lot of ground to make up. Hopefully this is the beginning of something big and we take out the high we had on March 1st...:D:D:D
 
Hear, hear! Concur... downdraft from the oil decline not anticipated. If we're lucky there won't be a throw down over the debt ceiling, the O-care repeal goes through, followed quickly by tax cuts... No sweat... right?
 
Whipsaw said:
Hear, hear! Concur... downdraft from the oil decline not anticipated. If we're lucky there won't be a throw down over the debt ceiling, the O-care repeal goes through, followed quickly by tax cuts... No sweat... right?
Click to expand...

It seems there are more alligators in the swamp than we thought and I am wondering where all these RINO's came from, but like Bill Dance I think the President will have them hooked and in the boat before they even know they're caught. Gonna be some rough waters, but in the end I think we will be pleased...:1244:
 
S-Fund is up this morning. Checking out the Grock Trading video has us in a rising wedge (bearish), though still on the bullish side. News driven market at this point depending upon what gets pushed through congress; may see some consolidation going forward? Is a rate hike priced in at this point? No apparent drama brewing over the debt ceiling, yet... Holding for a day or two longer, then maybe try to side step the rate announcement/debt ceiling...
 
Whipsaw said:
S-Fund is up this morning. Checking out the Grock Trading video has us in a rising wedge (bearish), though still on the bullish side. News driven market at this point depending upon what gets pushed through congress; may see some consolidation going forward? Is a rate hike priced in at this point? No apparent drama brewing over the debt ceiling, yet... Holding for a day or two longer, then maybe try to side step the rate announcement/debt ceiling...
Click to expand...

Well with the 1.68% loss last week in the S Fund, I would say a rate hike is priced in. If you follow Lunatic Trader, we are about to enter a green period as the full moon came in last night. I bought in on 24 Feb when DWCPF closed at 1208.70. If I exit before we reach that figure again, this trade becomes a loss. I still have two IFT's for March, so I could exit and get back in later in the month if we pullback much further. Still got the sticky pants deployed, so for now I'll just wait and see what happens next...:D:D:D
 
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