Whipsaw's Account Talk

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I hope this isn't a head-fake. Another day like today and I'll be back in the green for the month! :D
 
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ECB stimulus and Fed policy along with rallying oil are making some good hay yesterday and today. How long will it last? The harbinger of an oil glut (storage filling up as production outstrips demand) is still out there, when it hits will the market go with it again, and how soon? I'm likely to hold through next week as I'm out of IFTs... Nice open on the S Train today :D

Better act fast now that oil is rallying, say these analysts - MarketWatch.com
 
Tom's market comments has me thinking the market may at or near a top. Obviously no move today for me, some folks are getting in, some out, on the AT. Sideways movement is OK if putting in a high base for a run higher. Seasonality is working against us this week and part of next. Again, I can only go to the G fund at this point. Hmmmmmm...

Briefing.com inclined to say we're near a top... :https://www.briefing.com/investor/our-view/page-one/from-point-to-point.htm
 
Congratulations, Whipsaw! You are doing very well this year. Shoot you did GREAT last year. If this keeps up you are going to have to change your name. :D
 
After visiting my usual online haunts, I couln't find anything worthwhile to link to. One theme of note is how the market recovered after the despicable attack in Brussels, and the associated insights into what that means (that basically, the world is getting used to terrorism; how sad). At any rate, a mix of strength and weakness out there with a slight positive bias going forward. That aside, like others here, I got that feeling that a downturn is coming...
 
Dang! This is gonna leave a mark! I hope Tsunami is right and we're up again tomorrow...

Hello Doc? I need some Hopium... 800 mg sounds about right... ok, I'll go get it and not take any until I'm home and lying down. :blink:
 
I'll be out of pocket tomorrow, I'd hate to take a shot in the dark exit this evening.. Its either that or hold through the holiday... holiday? Hey, maybe a holiday reversal is out there? Anyone? Beuller?
 
Whipsaw said:
I'll be out of pocket tomorrow, I'd hate to take a shot in the dark exit this evening.. Its either that or hold through the holiday... holiday? Hey, maybe a holiday reversal is out there? Anyone? Beuller?
Click to expand...

I'm surprised you've stayed in as long as you have, but what do I know, I've been sitting on two IFT's the whole month of March...:(

In spite of it all, I hope you have a Happy Easter! :flowers1:
 
ravensfan said:
I'm surprised you've stayed in as long as you have, but what do I know, I've been sitting on two IFT's the whole month of March...:(

In spite of it all, I hope you have a Happy Easter! :flowers1:
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Happy Easter my friend! Happy Easter to you and yours! :smile: Not too worried about the market... yet. I may hold to see if there is any post holiday action, unless there is a real bad day tomorrow; of course, then there is the sticky pants approach. :blink: I'm all over the place right now. :1244:
 
I think it continues down tomorrow....but not lower than 2019.If it looks like it's headed lower than 2019, the bears would be gaining momentum and I won't IFT. But my thought is that Friday rallies to round 2070. After that I think we pull back because (based on my count) the B Wave up will have completed. I'd like to hear what Tsunami thinks as well. He has a better feel for EW than I do. I plan to go in 100% C tomorrow for a one day splash. Hope it doesn't bite me in the A$$ with the full moon tonight..Slo Sto at about 80 and appears to be declining, RSI sitting in the high 60 (ok), and prices are still above the 20 SMA. VIX has risen two days in a row but we are heading into a holiday weekend on light to average volume. I think the VIX melts back down headed into Friday. Oil and junk bonds are down but holding. It's really a coin toss. I'm just betting on 2 things (1) last week to complete buybacks and (2) long weekend because of holiday and lighter volume..but who knows..

FS
 
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sgtbriangreen said:
Is Friday not a market holiday? Tomorrow is the last trading day of the week, correct?
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Correct. Markets will be closed on Friday.

Per Tom's Commentary dated 24 Mar 16

This will be a short week as this Friday is Good Friday and a market holiday and the TSP will be closed. There will be no reports and the TSP will not process transactions.
 
Just curious as FS is hoping for a Friday rally to 2070. I guess that would be an April fools rally.

I'd like to see some up action tomorrow. Thinking about an IFT out. Don't want to do it on a down day, but don't want to ride it to the bottom either.
 
FogSailing said:
I think it continues down tomorrow....but not lower than 2019.If it looks like it's headed lower than 2019, the bears would be gaining momentum and I won't IFT. But my thought is that Friday rallies to round 2070. After that I think we pull back because (based on my count) the B Wave up will have completed. I'd like to hear what Tsunami thinks as well. He has a better feel for EW than I do. I plan to go in 100% C tomorrow for a one day splash. Hope it doesn't bite me in the A$$ with the full moon tonight..Slo Sto at about 80 and appears to be declining, RSI sitting in the high 60 (ok), and prices are still above the 20 SMA. VIX has risen two days in a row but we are heading into a holiday weekend on light to average volume. I think the VIX melts back down headed into Friday. Oil and junk bonds are down but holding. It's really a coin toss. I'm just betting on 2 things (1) last week to complete buybacks and (2) long weekend because of holiday and lighter volume..but who knows..

FS
Click to expand...

Jumping in tomorrow would mean you're in till COB Monday, right?
 
My Bad...Hadn't double checked the calendar...was expecting the holiday on Monday...

With that said...no IFT for me...it somehow pops tomorrow if that's the PPTs intention...

No way I want to be on Monday...too much risk for too little reward..

FS
 
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