Whipsaw's Account Talk

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I was referring to yesterday's 'hammer' formation on the daily chart... but, hey, that works too! :cheesy:
 
Hey Hammer Time is Hammer Time. Looking for some more upside this week so I can exit my position. The Tuesday rally got me back to where I was before I jumped back in. As I have said before, August has never been kind to me, so if I can exit with a small gain or break even, I'll be happy. I should have followed my system and stayed at 50% invested. Will I ever learn???:nuts:
 
Well... it seems I'm caught in a little bit of a down draft, thanks to the fat kid shooing off his rockets. At any rate, holding position, got out at the highs, got a good 50% buy, threw in the rest the next day thinking all was clear and down it went again. Not above water yet as my second buy was near the top of the pop. So the fat kid is at it again. :notrust: Looking for this to blow over and tax cuts to get passed before any upside resumes, expecting weakness (at best sideways action) for the time being. :suspicious:
 
I thought for sure that the little fat guy with the bad haircut was going to muck up the fountain today, especially after seeing the futures this morning. But once again the bulls hung in there.:nuts:

S&P500 +0.08%, DWCPF -0.01%, EFA -0.40%, AGG + 0.14%
 
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Futures are UP! :D

Looking for a run up through Friday, which will put me into the next month for trades. I still need another .6 to break even on this one. :notrust:
 
Whipsaw said:
Futures are UP! :D

Looking for a run up through Friday, which will put me into the next month for trades. I still need another .6 to break even on this one. :notrust:
Click to expand...

I need 2.5% to be on the positive side for the month.
 
That's great news GDP revised up to 3%. Nice! makes me want to reconsider the exit I was thinking about for today. But I would still want to exit this week. If wait til Friday, it eats 1IFT. Hum...

I guess the only thing is that more news on refineries could be negative, Congress is coming back, and wouldn't be surprised if a Surprise action is taken against N Korea. I don't want to be in for that.... obviously all just conjecture on my part. Hope that doesn't happen anytime soon but the test over Japan was quite provocative. Hmmm..... decisions, decisions! lol.... :rolleyes:
 
Discretion is the better part of valor, 1st IFT for September - 100% G looking for the post holiday reversal as we're hitting resistance. Caught some air on this recent volatility, bullish, but still cautious. Taking profits, 12 Mo. investment performance from the TSP.GOV site almost 10% :D Have a great weekend everyone!
 
Thanks RF! Every once in a while things sort of go they way you think they might. Futures are off with KJU spouting off again, along with the post holiday reversal, and now Irma bearing down on the south east (might be a good idea to fill a few gas cans while prices are still not too bad). Cooling my heels on the lily pad for a bit 'till some of this blows over. :cheesy:
 
Unless IRMA, RNK or parties unknown do dirty rotten things, my guess is that markets pull back to 2456 Fib pivot today or tomorrow and then rally on Opex Friday to around 2480. Absolutely nothing behind that BUT SPECULATION! :D:D:D

But hey, you heard it here first..:D:D:D

FS
 
Futures are heading down fast this morning with Irma getting ready to hammer all of Florida. Hopes and prayers for all in harms way.

Depending on action today, and what the storm does through Monday, assuming it peters out by Tuesday into a tropical depression, and the timing of the tax reform push, this could be a buying opportunity setting up (pssst... hey RF! You paying attention? :rolleyes: )...
 
Futures are up big, expected that this week, but not today :0/ At any rate, likely moving in today, any thoughts on an allocation? I is strong as the dollar weakens, but why is the dollar weakening and will it continue? Seasonality considerations? C fund stronger in the fall than S? I generally default to the S fund...
 
Dang! Big gap up and pop, > 1% for the S fund this morning... now what? Jump in, does it keep going? Wait for the gap to fill? Hmmmmmm.....
 
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