Whipsaw's Account Talk

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Futures are well down with the political media circus, may get the bear flag breakdowns today...
 
The though has crossed my mind... S-fund blew right through the 50 day, the C-fund bounced there... does this sell off have any legs?
 
Yeah, that 50 day is acting as support at 2369 and may be preventing that lower gap from getting filled...Pesky 50 day...drat!:smashfreakB:
 
Submitted my first IFT for May, going 55% C, 35% S and 10% I fund. Just couldn't resist the thought of a 300 point decline in the DOW.
 
Tom, thank you for the new charts at the bottom of the page, the old ones stopped displaying correctly (if at all) some time ago. :D
 
I don't think the cat is dead yet! So I think this is a little bounce up... who knows it is all so news driven lately :D The prospect of Trump's tax plan and other business agenda not moving forward due to the chaos is definitely throwing market off....MACD/PMO both crossed below their signal lines a few days ago. But it looks close to a bottom and I don't expect this to last long at all!!

But, I decided not to enter today. Stochastic with 14,3 setting hit the 20 mark today and so that is an entry point for me on the S fund, but just looking at overall chart, there might be a few more days up and then a little further down before the bottom, bottom. I think that could be around 1165 (150 day EMA line). Will see. So no entry just yet... maybe tomorrow. Then again, hope the opportunity doesn't end too quickly. but if it does that is okay...I don't mind seeing the bottom with a MACD/PMO crossover going back up before my entry. I sleep better!!

Best wishes to you on your investments!!!
Whipsaw said:
Yes, though are we seeing a DCB?
Click to expand...
 
While closing lower yesterday, the S&P500 remains above the lows of March and April. The new critical level to watch is 2360. As long as we stay above that, we will be okay...

Also, the market is now being driven by politics and I think enthusiasm for the Trump agenda is waning. All Congress needs to do is pass some Trump legislation and the animal spirits that drove this market to new heights will be back with a fury...

In the meantime, I will be keeping an eye on that 2360 level...:rolleyes:
 
Futures are up, the President is leaving the country so hopefully the DC Drama will calm down. Looks like we're at the bottom of channels, some good earnings reports out there, though there is concern for the retail sector... may be moving in today... :scratchchin:
 
Whipsaw said:
Futures are up, the President is leaving the country so hopefully the DC Drama will calm down. Looks like we're at the bottom of channels, some good earnings reports out there, though there is concern for the retail sector... may be moving in today... :scratchchin:
Click to expand...

Nice rally taking shape today and the market appears to like the DC drama calming down. Good luck in whatever you decide to do today. :banana:
 
Imagine a TSP where an ITF can be processed at the point of submission, in the morning, or the afternoon... TSP IFTs, a system barely alive... We have the technology, we can make it better than it is. Ahhh to have submitted this IFT this morning, the gains for the day! :rolleyes:

Of course, I should have just went in on Tuesday (like my friend RF did, without notice I might add... (psst... hey RF... nice move :fing02:)
 
Of course said:
I'm sorry Whipsaw. There was no malice intended. I had been wrestling with the decision whether or not to enter all morning. I was convinced that if we saw a 300 point drop in the DOW it may be a great time to get in. All that morning the lowest we ever got was down 274 points. Finally as the deadline approached, I decided to throw caution to the wind, take the 274 and see what happens. I was very surprised when the DOW closed down 372 points.

So I'm hoping we both make a killing next week and just an FYI I'm thinking to exit next Friday but will need to consult me crystal ball before I do...Something about an infrastructure agreement is in the back of my mind...
Click to expand...
 
Nothing to be sorry about. It was a great move. I wanted to do it too but read too many conservative things.
Besides, I wanted to wait and see if URinate or a dog and lucky dog it is! :smile:
 
No worries RF, just a good natured ribbing! :D Thanks for all your insights and tippers! You connected on a big swing for the fences on that one. :beerchug:
 
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