Whipsaw's Account Talk

[Whipsaw]

Whipsaw reporting from the sub-basement... 3 from the bottom, just about the only way to go is up at this point! :wall:

 

[Whipsaw]

Futures are down, but appear to be recovering... :thinking:

 

[Whipsaw]

Futures are up, but appear to be waning... :thinking:

 

[Whipsaw]

Rally to the close! :arms:

 

[Whipsaw]

Futures are UP!

 

[Whipsaw]

Gotta love marketwatch; Crash coming due to COVID-19! Market strong, investors expected much worse COVID news! Futures surge ahead of earnings! S&P 500 earnings to plunge as covid batters all sectors!

Its all over the $%@#* place.

 

[DreamboatAnnie]

Yes, I fully Agree! I think it could go up, but I think it could go down! That is my "expert" opinion and I'm sticking to it! :cheesy:


Price is hitting upper Bollinger, and Ira says first time it hits he thinks it comes down a bit when traders take some profit. But I don't see that happen every time. What I am watching for is first sign of big drop that gives gap down. Earnings will be starting. We know it will be bad, but will it be better or worse than market thinks it will be? If not as bad it could go up....no one knows! :ugh2:

 

[Whipsaw]

Kendall report thinking that bad news is priced in and expansion will continue, ~30% chance of downside movement. FWIW.

 

[DreamboatAnnie]

I'm such a chicken... I am thinking possible partial exit. ughhh...maybe drop from 60% to 40% ??? IDK... my strategy says stay, but my heart says run!

 

[flalaw97]

A gain is a gain. Lost opportunity is not lost money like it could be if it does drop out. Too much bad news on the near horizon for my taste. Moved to 100 F for me today

 

[rangerray]

I'm such a chicken... I am thinking possible partial exit. ughhh...maybe drop from 60% to 40% ??? IDK... my strategy says stay, but my heart says run!

My gut feeling often lets me down, but I'm looking at returns too when I decide to stay in or not. During a regular year, If I could get a 1% or 2% gain for the month, I'd probably be happy. So, in that regard I'm thinking I've already done pretty good for the month of July and sitting out part way won't hurt anything at this point.

 

[flalaw97]

My thoughts exactly. If I can keep stringing together 2% to 3% gain months ...

 

[Whipsaw]

So, it poked through the upper BB, then back in... still at a higher high, higher low if we hold another hour. I need 4.5%/mo. to get back to zero I may be screwed for this year, but I'm gonna keep working it. ;damnit When are we testing the lows?

 

[ravensfan]

Hang in there Whipsaw. As a wise man once said, "How do you eat an elephant? One bite at a time."

 

[Whipsaw]

Looks like we have a nice hammer formation in the S-fund chart; maybe we break through tomorrow, my fingernails are starting to wear down.

 

[nasa1974]

Looks like we have a nice hammer formation in the S-fund chart; maybe we break through tomorrow, my fingernails are starting to wear down.

You have finger nails left???

 

[Whipsaw]

You have finger nails left???

I guess I didn't hold on well enough, I have some left, but pretty far down in the hole still.

But... Futures are UP big!

 

[Whipsaw]

Another couple of days like yesterday and I'll be in the negative high teens! Hope springs eternal! Would you believe I didn't move one spot on the AT? Kramer says end of July for a change in direction... need to keep that in mind. :thinking:

 

[tsptalk]

Kramer says end of July for a change in direction... need to keep that in mind. :thinking:

It sounds like he's optimistic about earnings next week. I hope he's right. It's not usually the best week for stocks seasonality-wise, and it's also a post options expiration week so lots of challenges.

By the way, this is "Kramer", so I'm not sure how much he knows anyway.

Cramer

 

[Whipsaw]

Tried to climb out of the negative open, which shows strength... CH reports NAIIM is bullish, which is good... it would be fun to bounce along the upper bollinger band for a while, wouldn't it?