Whipsaw's Account Talk

[Whipsaw]

Do we test the lows? Double bottom...?

 

[nnuut]

S&P seems to be forming an "h" pattern!!!!!!!!


https://www.tradesandtikes.com/my-favorite-pattern/

 

[Whipsaw]

So much for the better buy in... 100% C COB.

 

[Mcqlives]

S&P seems to be forming an "h" pattern!!!!!!!!
View attachment 43973

https://www.tradesandtikes.com/my-favorite-pattern/

Do you think the bounce at 2457 still qualifies for the "H"?

 

[nnuut]

Still going over and down the last leg of the hump! If it is there is more down side until it breaks out to the upside. They say!

 

[Whipsaw]

This noon cut off... :notrust: C Fund down 2.48% today, maybe not a bad entry; pre-market data for S&P 500 is up, for now, FWIW. :notrust:

 

[Mcqlives]

Maybe a longer term flag forming. You may have had excellent timing. If it pans out the 2600’s are back in the near future.

 

[Whipsaw]

Futures are UP!

 

[Whipsaw]

Of course NOW S outperforms C! ;damnit

 

[djlc86]

Of course NOW S outperforms C! ;damnit

I know right?!!?!

 

[djlc86]

To take the profits from today and move back into G? But will not have a move left to get back in until Feb? That tis the question.

 

[Cactus]

Of course NOW S outperforms C!

Well, that fits with the historical data. C Fund is the worst performer in January. F & S Funds do the best. The question is which will it be this year.

 

[Whipsaw]

Well, that fits with the historical data. C Fund is the worst performer in January. F & S Funds do the best. The question is which will it be this year.

Cactus, thanks; not looking a gift horse in the mouth, but that is a tactical error. Will make a note of it.

 

[DreamboatAnnie]

It's a pretty picture right now on both. But will it breech the mid-point (20SMA) on the Bollinger Band or will it drop down before moving higher? To me that is the question. Next week, talks with China are scheduled and of course the Dems will be moving to impeach Trump plus the Govt Shutdown.... how will any of that affect the price of tea in China??? lol....

 

[DreamboatAnnie]

I thought about entering awhile ago, as I heard Larry Cudlow speak... very persuasive and inspiring about economy. Then heard FedSpeak… good...moved markets. But I am going to wait to review charts and not make a spur of the moment decision. Just one in and out for the month. I have been thinking it might be good to spread it out between G, F and the equities more equally and try to stay invested longer in 2019. But will see.... gotta get my strategy set in stone... uggh…. and we know that usually means "quicksand" for me.....


Yes... I know.... need to think more positively and stick with strategy. Best wishes to you all!!!!! :dance:

 

[BooDog]

To take the profits from today and move back into G? But will not have a move left to get back in until Feb? That tis the question.

Quite possibly we will melt up, how far is the question. Playing the volatility with only 2 moves sucks. Play the gap and be safe by moving back to G or wait out the possibility this was a gap and trap and ride the volatility. I'm 10% each C S & I.

 

[Whipsaw]

RSOTC indicating upside targets in the 2600 range, going to hold position as I'm out of moves. It was nice to catch that 2.49% dip on 2 IFTs in 2 days though.

 

[Tsunami]

I'm in the same boat as you Whipsaw. Moved to C yesterday (even though history said to go with S, for example, over the last 10 years C is down an average of -0.37% in January while S was down an average of -0.17%, not much difference really) and am loving today's "Whipsaw" launch. I suspect it will peter out next week near the 50 DMA near 2620, or the 50 EMA near 2600...that's my dream anyway.

The rise in the UE rate this month very nearly gave me a sell signal in my personal system though (for the first time since 2008), and being retired I plan to tend to lean more conservative in my moves...but then again we're getting close to a rare Zweig Breadth Thrust. That would happen if this closes above 0.615 by next Wednesday, which will be the 10th day from the recent low:https://stockcharts.com/h-sc/ui?s=$NYADV:$NYTOT&p=D&yr=0&mn=1&dy=0&id=p16500670031

That would be very bullish, so I'm seeing mixed signals.

I'm gonna hate getting out so early in January and leaving myself with no IFTs until 2/1, but in this wild market protecting nice gains seems prudent, and January historically sucks for stocks.

 

[ravensfan]

WS, shrewd move going from F to C yesterday, putting you #2 on the Autotracker. Congratulations on a great start to 2019.

 

[Whipsaw]

Thanks RF! Nice to be on top again, sort of... I'm sure my 12 mo performance is still in the commode. That S-Fund is going to irk the crap out of me... ;damnit But, hey, so far, so good... :cheesy: