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Or you can now use TapaTalk again!Whipsaw's Account Talk
- Thread starter Whipsaw
- Start date
FogSailing
Market Veteran
- Reaction score
- 61
That sounds like a reasonable outcome given that China's market is trading on the expectation that it's GDP will be at least 7 times higher than it actually is. If China's stock market implodes, it only seems reasonable that a "correction" is soon to follow. I read somewhere that they have 3 bubbles...who cares what they are...When I was a kid I used to love bubbles and watching them POP!!!
Even though I'm only partially in, I was planning on staying through July...still might...but if China's market stays negative, I'm going back to he sidelines until August because I'm out of IFTs.
I see that a number of TSPers are moving back to G. Of the Top 5, 80% are in G, while of the Top 50, only 30+% are in G. I'll be watching the moves of the herd over the next few days.
All the best to you in your investing.
FS
Whipsaw
Market Veteran
- Reaction score
- 205
Hey! I'm on my 69th page of posts! Excellent! At any rate, looking for an entry point, but not all that motivated to jump in... some things that make you go 'hmmmmmmm' :
http://www.cnbc.com/2015/07/22/marc...drop-up-to-40.html?trknav=homestack:topnews:2 Marc Faber: Why US stocks could drop up to 40%
http://www.cnbc.com/2015/07/21/sp-5...ve-divergence.html?trknav=homestack:topnews:6 S&P 500 flashes a cautionary signal
http://www.cnbc.com/2015/07/22/the-...says-acampora.html?trknav=homestack:topnews:1 The clock is ticking for stocks: Acampora
Whipsaw
Market Veteran
- Reaction score
- 205
I thought I would get a few more likes with the nod to Bill and Ted, oh well...
There are a few brave souls testing the water in stocks, seems for the most part folks are moving to safety on the autotracker.
Holding position on the lilly pad for now, we shall see what next week brings. Good luck everyone and have a great weekend!
ravensfan
Market Veteran
- Reaction score
- 159
Whipsaw
Market Veteran
- Reaction score
- 205
On travel this week in CO. I get a couple hours early look from here :cheesy:. I got off the plane and the markets are in the tank, glad to be out, even more glad to have a second chance at jumping in for a run up. I still suck at that... :-/ At any rate, be careful out there; FWM referred to 'The Perfect Storm,' remember, the fishing boat sank!
Whipsaw
Market Veteran
- Reaction score
- 205
Looks like Monday was the day to get in, missed today, and tomorrow... :-/ No workstation access during the day. Will have to decide on the futures in the morning, looking to ride up through the first of the month and then bail if it looks weak again. The last time I jumped in to be invested for the beginning of the next month didn't go so well. Hmmmmm..... :notrust:
DreamboatAnnie
TSP Legend
- Reaction score
- 417
Hi Whipsaw, I am eyeballing an entry tomorrow as well. My goal is to get in before Thursday, when GDP numbers are released. I think they should be half decent, but no idea what market will do. If Too low, market dives. Too high and maybe it still dives with fear of Fed rate hike...though that maybe dispelled at tomorrow's Fed news release.
Yep...missed scary Monday and just didn't want in today without some sense of direction. Probably should have jumped in today.
DreamboatAnnie
TSP Legend
- Reaction score
- 417
Hello Whipsaw, I decided to not jump in today. I just can never be satisfied... the market was going up and then I read something on another thread about GDP possibly being too low and so that made me think... gosh jump in high today and then end low tomorrow????...ugghh... I guess it was just not worth the risk and too busy at work to really decide.
In any case, I missed the Monday entry and I am just going to wait. If the GDP news is bad Thursday morning, then maybe an opportunity to jump in. If not, I will likely wait until next month. Oh well....
I really do not like to jump in on last day of month just because its the last day of the month. The indicators would need to be good and I doubt that will happen but who knows, maybe it will be my lucky day!! :laugh:
Best wishes to you and to everyone on their investments!!!!!!!! :smile:
FogSailing
Market Veteran
- Reaction score
- 61
Looks beautiful WS. Glad you didn't get caught in any wildfires. We've had more than our share this year out west.
I will be watching the action on Monday. If the SPX can hold above 2034 and\or bounces above 2077 from where it's at, I'm thinking we could have a nice little rally coming up (short but nice). It's really interesting, the long term charts look like we've arrived at the crest of a very big wave, the shortest term charts (1 or 2 day) look bearish, the inverted megaphones look like big decision time. Of course, all that movement could turn out to be just that..the falling knife... The fear factor is extreme. So why do I feel like we are setup for a short term rally next week; maybe not Monday; but possibly Tuesday or Wednesday.
Here's a one month look at SPX:
View attachment 34766
The 18 day EMA still appears to above the 50 and 100 day SMA. MACD and RSI look more bearish than bullish (but the picture is sort of foggy), but the Vortex Indicator look like the waves are working to converge, a bullish sign.
I'm still holding my powder. F Fund was a good play this week. Tsunami and a few others played it that way and kudos to them. I was tempted but still feel that equities could have a better play this month. I'll be watching the news tomorrow for the market movers. All the best in your investing.
FS
DreamboatAnnie
TSP Legend
- Reaction score
- 417
Sooo very pretty!! :smile:Similar threads
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