Whipsaw's Account Talk

[ravensfan]

Thanks Whipsaw. I like it when all boats rise, especially the old gang from burros ark, so I will be rooting for you next week.

Speaking of next week, here is another tidbit of info. As you know, the C and S funds just finished the week down. That's two weeks in a row for the C fund and 3 weeks in a row for the S fund. I had to go all the way back to June of last year to find where both of those funds finished down 3 weeks in a row. (I think it was just prior to the Brexit vote) I did not find any info on 4 down weeks in a row as I have only been tracking weekly returns since the beginning of January 2016. But that puts the odds in our favor that next week will be positive.

Have a great weekend!!! Now let's make some money $$$

 

[Whipsaw]

Futures are UP!

 

[Whipsaw]

Futures are UP! Kudos to RF for his lightning raid on the recent weakness. Looking for another day or two of strength if we break out, then possibly taking profits and resetting for June.

 

[FogSailing]

Three sectors I'm looking at. Oil could head to the 52.50 area but inventories wont be know for a few hours. But metals (GOLD) looks ready to head higher which isn't good for equities generally. Also the YEN continues to strengthen which is generally not good for US equities. lastly, we have FedSpeak coming up...I'm starting to think on balance that it may be time to get out.

 

[Whipsaw]

The S fund is advancing strong this morning, C fund not so much... Hmmmmm.... Fed speak with forketh tongue.

 

[Whipsaw]

Holding...

 

[ravensfan]

The S fund is advancing strong this morning, C fund not so much... Hmmmmm.... Fed speak with forketh tongue.

The 2400 roadblock on the S&P500 (C Fund) continues to be a tough cookie to crack as numerous attempts since March 1st have failed. . As for DWCPF (S Fund) the high for 2017 is 1224.77, which was set on 27 April. Eventually these roadblocks will be taken out, but in the meantime we remain range bound. Still think this week will end positive though!

 

[Whipsaw]

Rally to the close!

 

[Whipsaw]

Futures are UP! Yesterday put in a hammer on the S fund daily chart. Bully! Bully!

 

[Whipsaw]

CHA-CHING! up 1.3% in the S-Fund and still going! Liking the Hammer Time!

 

[Whipsaw]

Awesome move to the upside yesterday! Future are up strong this morning Will the strength carry though next week? Inquiring minds want to know... Is the Trump effect gaining traction?

 

[FogSailing]

Upside target for an SPX move would be 2477 (bullish above 2425). I'm "guessing" we don't make it that far without some "REALLY BIG NEWS". I'm hoping for an up day today to finish out the week. Probably will exit to safety if it looks like it's a positive day. Things are getting pretty volatile.

FS

 

[Whipsaw]

I was pondering the same, will be unavailable next week, it may be wise to be on the sidelines. I do think framework for economic improvement is taking hold, which is bullish going forward.

 

[Whipsaw]

IFT 100% G COB - Taking profits, will look for a new entry point in the next week or two.

Have a great weekend everyone!

 

[DreamboatAnnie]

IFT 100% G COB - Taking profits, will look for a new entry point in the next week or two.

Have a great weekend everyone!

Hi WS! Good deal. Thinking to do the same. Overall, weekly charts look great. Daily charts look good too! It might go up more next week, but I am thinking to take some profits now. I might leave 10% or so in the S and C fund, but still debating that part. I've just grown so much more conservative....Best wishes to you and evertyone! .:smile:

 

[Whipsaw]

I'm hoping I didn't jump too soon, but I've seen these runs up to resistance that turn down again. I'll be on the road too and not sure if/when I'll be able to monitor things. Still, caught some nice updrafts on these last couple days.

 

[ravensfan]

I'm hoping I didn't jump too soon, but I've seen these runs up to resistance that turn down again. I'll be on the road too and not sure if/when I'll be able to monitor things. Still, caught some nice updrafts on these last couple days.

You did awesome on the trade WS. A 2.75% gain. That is fantastic!!! Great job!!! Congratulations

 

[Whipsaw]

Thanks for the cudos RF!

I'm in Germany this week, eating way too much schnitzel, at any rate, its interesting that the IFT cut off isn't till 6 pm local. Of course, its still the middle of the market day, but there is more time to surf around and research market news and . The move out at the double top was a win, looking for a new entry point, wondering what will play out with the GB election. Futures are up at 0435 eastern :blink:

 

[Whipsaw]

C fund is down, S fund is up?!! What gives?

 

[Whipsaw]

So there I was... logged into the TSP site, IFT requested, allocations set in the boxes, S fund climbing like a big dog, ready to pull the trigger... then the "WHAT AM I DOING?" hit, like Bugs Bunny hammering on the block buster bomb fuse with the little gremlin egging him on... I cancelled out and went out to get some pils and schnitzel.