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Or you can now use TapaTalk again!Whipsaw's Account Talk
- Thread starter Whipsaw
- Start date
Whipsaw
Market Veteran
- Reaction score
- 205
Bottoming tail! RALLY TO THE CLOSE!
:nuts:
Well... not so much.
FogSailing
Market Veteran
- Reaction score
- 61
I HEAR YOU. I was hoping for a dead cat bounce today. At least that would be following a pattern. Hmmmmm. Well, it's still early.
If I see some upward movement before 8am MST, I'm jumping in 25% S, 25% I. I is total speculation.
Best of luck.
FS
FogSailing
Market Veteran
- Reaction score
- 61
Just read this post in Bloomberg. Worth sharing.
The S&P 500 is approaching the
Action is still negative with 27 minutes to make a decision on an IFT. Nothing really standing out in the way of positive news for C, S, or I. I think I'm still holding to G.
FS
WorkFE
TSP Legend
- Reaction score
- 431
G is not sexy but at least we don't need any SPF 50 at the moment.
Whipsaw
Market Veteran
- Reaction score
- 205
Bottoming tail? Rally to the close? :notrust: :worried: :suspicious:
Good jobs report...
Number of US job openings jumped to a 15-year high in April - Yahoo Finance
Whipsaw, is this good or bad for the S Fund? Tia.
Whipsaw
Market Veteran
- Reaction score
- 205
I'm taking it as posative news for the economy and the market in general...OOBXTrader
Guest
Fairly modest up considering European indices are up a good bit. They have stayed in a narrow range because Euro was up, then went down, now it looks like it's going up again. Where it lands nobody knows.
Good to see RUT futures up (as "the war on RUT" was discussed yesterday in my account talk).
Futures are UP!
Interesting correlation with seasonality...
Whipsaw
Market Veteran
- Reaction score
- 205
Almost bailed... maybe this Greece thing will reach an agreement/solution and the market will shoot up, maybe. Will see what next week brings. More concerned about the Fast Track vote today, praying it doesn't pass. Called my congresscritter and said he should vote against it and TPP.
ravensfan
Market Veteran
- Reaction score
- 159
Yep, came darn close to doing the same, but reconsidered after I saw the market down at the trading deadline. Prior to todays losses, the S Fund was just below the upper bollenger band, but now it has pulled back close to the 18 SMA. I'm not liking how the bollenger bands are contracting. That usually spells trouble until we can figure which way the market wants to go. With the Greece thing, I'm inclined to think down.
As for the I Fund, as of yesterdays close, that part had me at -0.94% (boo hiss) Bollenger bands are wide, but in a downward direction, closing price is below the 18 SMA and pointing down and MACD is negative. The only positive is that slow stochastics is still in a positive crossover.
With that said, I'm growing more nervous with each down day. I'm hoping Monday/Tuesday will be positive so I can bail to the G Fund. At present, I still have two IFT's for June and if I do get out, I can re-enter after the situation in Greece is resolved.
Best of luck to you and all those who are brave enough to be invested.
FogSailing
Market Veteran
- Reaction score
- 61
I knew I should have just stayed out...BUT Noooooooooo.....
Fueled by the belief that somehow I could dance through this difficult month...
I jumped out this morning but still took a wack today....Guess I had it coming for not making the coffee this morning.
Best of Luck to all of you next week.
FS
ravensfan
Market Veteran
- Reaction score
- 159
SOP at the Ravens household; Check the futures and enjoy a hot cup of Kona coffee. Only way to start the day!:dance:
IMO you did right by waiting a bit more, perhaps tomorrow... ? Reason, uncerainty is still strong regarding Greece and the Fed. But we could be witnessing a short-covering rally for a couple of days. If we see that the Greek intransigence continues until Wednesday, without any positive action from Greece -- not even by Greece stating clearly that they are willing to meet Germany's offer to accept Greece's commitment and affirmative actions to comply with only one of the requirements for reform that other European nations have accepted, then I think Greece will have to take a leave of some sort from the Euro. The effects are hard to foretell, but Cramer thinks that the riskier position for Europe would be to underestimate the possibility that Grexit might really have a negative impact, and that the creditor banks could short Greek stocks to the point of causing a big downturn. If so, this could have an unwanted effect beyond Greek borders. Although I could be proven wrong by last minute concessions from the EU, the risks of a shake up starting in Europe are increasing. This is not an easy decision, but capital preservation is still one of the pillars of effective investing. As I see it, the Fed is better off holding rates as they are now, until later. Good luck to all!Similar threads
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