Whipsaw's Account Talk

[DreamboatAnnie]

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...

Not much time to sidestep at this point. Fed meets Tuesday with announcement on day 2, Wednesday. Plus Wednesday is debt ceiling date?? also think Netherlands have a vote\elections. Hmmm... makes for interesting week. I am on fence about exit. I would like to see a small bounce before exit especially since Slow Stochastic already hit below 20and is on way up.... But, if this is a double bottom, which I think it is, then as soon as that little bounce happens we slide further to hit a lower bottom before the jump back up to newer highs! I am likely staying in though I truly wish to exit!

Best Wishes to you and everyone!!!!!!! :smile:

P.S. Yes...Could be a very very interesting week. Ugghhh...

 

[nasa1974]

Still beating myself up for not getting out March 1st. Sticky pants on and going to ride this out, hoping for the best. I still have my 2 IFT's and the only way I would bail now is if I knew we would hit a lower low that would be favorable to get back in. Crystal ball is broken so I have no clue what will happen. Just hanging on for the ride.

 

[Whipsaw]

Nice run up today on the S-train! Climbing out of the hole. Good call for all the folks sporting sticky pants over the last week...

 

[Whipsaw]

.25% rate hike, NICE! S-Fund is up and I'm BACK IN BLACK! Hats off to 'Sticky Pants' RF and DBA! Keeping me honest... :cheesy:

 

[ravensfan]

In honor of you being "BACK IN BLACK"...Enjoy!

https://www.youtube.com/watch?v=uhG8UcjsKuo

 

[Cactus]

.25% rate hike, NICE! S-Fund is up and I'm BACK IN BLACK! Hats off to 'Sticky Pants' RF and DBA! Keeping me honest... :cheesy:

Good for you that you are BACK IN BLACK! Unfortunately that is not the case for the S Fund. Even with that big push yesterday it is still negative for the month (-0.05%). Let's hope it gets over that today. :notrust:

 

[Whipsaw]

Futures are UP!

 

[sgtbriangreen]

This market is acting like the 3-5 second buddy rushes the Military teaches you. "Im up, they see me, Im down."

 

[Whipsaw]

I'm glad to see the S-fund went green for St. Patrick's Day. Hope everyone enjoyed a little green beer or caught a leprechaun. Looking at the other posts, I hope I didn't miss an exit. Busy at work all morning then out the afternoon... I hate it when that happens.

 

[Whipsaw]

Have been checking out the market analysis videos (thanks Nnuut!), the Shadow Trader video is interesting, he does an S&P500 sector analysis, all but three being bullish. So, maybe I'm still well positioned.

2354 in the SNP would signal a move out according to Market Technical Analysis vid. 20774 same for the DOW

Grok Trade pointed out several points of weakness, sell calls in Financials and Fuel on the weekly charts; Dow and Russels at resistance. Gold and Silver is bullish. Hmmmmmm.....

Looks like next week may be a coin toss.

 

[ravensfan]

I'm glad to see the S-fund went green for St. Patrick's Day. Hope everyone enjoyed a little green beer or caught a leprechaun. Looking at the other posts, I hope I didn't miss an exit. Busy at work all morning then out the afternoon... I hate it when that happens.

I was wondering why you didn't post yesterday. As for myself, I decided it was time to get out of this trade. As you said, we are at resistance and I just wasn't willing to take on that much risk for a little gain. It has been a rough month for the S Fund and a good time to take a breather. I still have one IFT left for March and can buy any dip that might occur. Perhaps at the end of the month as it will be the end of the quarter and the institutional money will be looking to pad their earnings. Could be an opportunity for a quick in and out...

 

[Whipsaw]

Here's a good overview of the Market as of Friday.

https://www.briefing.com/investor/our-view/the-big-picture/market-view-update--march-2017.htm

Futures are down a little, but recovering...

 

[Whipsaw]

SFSG... Goin' green...

 

[Whipsaw]

Ok, a little early on the goin' green call yesterday. Futures are up today, thankfully

Check out Birchtree, still kicking it at # 18 on the AT. Go BT!

 

[ravensfan]

The post-election honeymoon phase is ending, which means the potential for marital discord and downside risk is rising. Patrick J. O'Hare, Briefing.com

Be careful WS. Looks like those rough seas are back...:worried:

 

[Whipsaw]

Holy crap! S fund down 1.65% and falling, NOW WHAT?

 

[Whipsaw]

What are the odds of a snap back?

 

[Skorcher]

What are the odds of a snap back?

It will probably be a crawl back.:worried:

 

[Whipsaw]

Maybe Turn Around Tuesday is kicking in?

 

[ravensfan]

So I keep a number of databases and use them to spot trends. A recent weekly trend I am noticing with the S Fund is that it loses one week and the next week it gains, but the gain does not quite make up for the previous weeks loss. For instance, 2/20 thru 2/24 S Fund was minus 0.11%. The following week it was up only 0.07%. Then on 3/6 thru 3/10 it was down 1.68% for the week and last week only gained back 1.54%.

With that said, I am expecting the pattern to continue with another down week this week and a gain next week, but not quite enough to cover the loss. So I'm calling my shot until the market proves me wrong.

Good luck!!!