Whipsaw's Account Talk

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Ok, while I'd like to think oil will continue up... I'm not convinced. Being in for the 1st day of the month hasn't played well in recent history, though this may run different considering we're playing around a bottom. Discretion being the better part of valor, and capital preservation the name of the game, I jumped to the G fund, 100% COB. DBA, I like your strategy, and was very tempted by a partial allocation...
 
Say! Where is everyone? DBA and I are having to keep this whole place afloat... Friday off? You're all drinking on the beach somewhere... :laugh:
 
Whipsaw said:
OK,
I cancelled, I'm going to hate myself in the morning! =:-o I'm still in! Rally to the close! Lift off on Monday! :D :D
Click to expand...
put some in on the 12th and added on the 21st. 50% in 20% I 10% S 20% C
Almost took it out today but I like the potential to cut through some 20dma's.

Good luck to us!!
 
Just got home after spending the morning getting my new "blue" military ID. Woohoo I've waited a long time for that one!!!:D

So I am pleasantly surprised the market is doing so well. Let's hope it continues into the close.

Also I just read an article at CNBC that the BOJ (Bank of Japan) just announced negative interest rates. There was also a better than expected Chicago PMI report. The article went on to say they expect this rally to continue into next week as well. Perhaps we will see that 1980 to 2000 level after all.

Good luck everyone!!!
 
I like this renewed optimism...it is anchored by some good global/US Market news. BOJ at lease put some stability in the deeper thought process. Have a great weekend and friends don't let friends buy and hold during steep market declines.
 
The SPX had been in an ascending triangle this week Airlift (which is bullish). EW says we are in a corrective wave that should take us to between 1960-2000. However their are several lines of resistance starting at the 1956 pivot which can change rapidly based on news. IMO, the indicators appear to say Monday is positive (strong dollar, weak yean-oil prices good, gold holding, RSI neutral, etc) but we are in a BEAR Market and it is a volatile environment (any major news issue - possible N. Korea missle launch, oil prices fall, etc) . There is a gap at SPX 1868 that need to be filled on the downside and that should give bulls some pause about getting in if you are not in. I plan to be in the F Fund for Feb starting next week when the rally ends. I wouldn't be surprised to see more choppy action. The dollar got a huge boost today but I see that starting to retrace on Monday...Just a few of my thoughts.

FS
 
One more graph. Decided to look at AGG since it's been on a tear in Jan. There are some big gaps to fill on the downside. I don't know if it can continue climbing at this pace and probably will need to retrace a bit IMO.

View attachment 36870

Just FYI.
 
I am by no means a market guru, though the low and various factors that drove the buy in put RF, DBA, myself, and others, in the right place at the right time. The BOJ move was a complete surprise, but it sure lit a fire under the market on Friday.

Stocks end sharply higher, but post worst January since 2009 - MarketWatch.com

The article at the link indicates while the BOJ move had a large impact on Friday, its not likely to continue. I'm looking for some follow through on Monday and then gauge a jump to the sidelines (I almost bailed on Friday, I hope I don't regret not doing so). Kinda neat to be in the top 10 on the AT homepage, its being more lucky than good, but I'll take it. :) Of course, everyone's thoughts and analysis on the board are priceless. Thanks!
 
Yep..only brightside is Slow Sto and MACD are above signal lines. Not sure on exit today or tomorrow. Im only in 50% so I may risk until tomorrow since those two indicatorrs in sync. Best wishes!!!! :smile:

P.S. As FS reported on those charts, the 10day MA is crucial....price falling below it at this point is auto eject buton for me.
 
DreamboatAnnie said:
Yep..only brightside is Slow Sto and MACD are above signal lines. Not sure on exit today or tomorrow. Im only in 50% so I may risk until tomorrow since those two indicatorrs in sync. Best wishes!!!! :smile:

P.S. As FS reported on those charts, the 10day MA is crucial....price falling below it at this point is auto eject buton for me.
Click to expand...

Roger that, its showing some signs of life at the moment, maybe we close up? It seems all about the oil... Will likely exit today...
 
Whipsaw said:
The market seems determined to climb out of negative territory.
Click to expand...

Darn this is going to be a tough call. I really hate exiting on a down day, especially considering that every Tuesday in January was positive. Not that the streak will continue into February, but it is awful tempting to wait one more day.

Well I've got 20 or so minutes to make up my mind and follow the ark signal or stick it out for one more day...Darn the luck...
 
Im going to stick it for one more day. I am 50G, 25S, 25C. But my opinion is based on absolutely nothing other than gut feeling.
 
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