Whipsaw's Account Talk

[rangerray]

Yea, it's confusing to me too. I had read that if the democrats take control the market would tank by 10% or more.

 

[FireWeatherMet]

The market is supposed to dislike uncertainty, is today's pop a result of the GA runoffs? Then the Electoral event in the Senate... what time is that? This strength doesn't make sense to me. The 'forward looking' market is seeing what, exaclty? Crystal ball... where are you when I need you. Wait, I never had one. :nuts:

Market is seeing another Trillion being pumped into the economy via 2K Covid relief promised by Dems, as well as major (non-wall) infrastructure projects coming in this year, along with Fed keeping rates low for forseeable future.

 

[Whipsaw]

Market is seeing another Trillion being pumped into the economy via 2K Covid relief promised by Dems, as well as major (non-wall) infrastructure projects coming in this year, along with Fed keeping rates low for forseeable future.

I did read something along those lines in Marketwatch this morning. We'll see what happens at 1300, apparently when the Senate meets.

 

[Khotso]

Yea, it's confusing to me too. I had read that if the democrats take control the market would tank by 10% or more.

Hmmm ... same thing we read about Trump before 2016. That didn't work out so why expect them to be correct this time around?

 

[Whipsaw]

S-Fund currently above the upper Bollinger Band, if it stays true to form it should drop back inside, possibly to Bquat's lower rising channel (maybe not quite?), entry point should be approaching.

 

[Whipsaw]

S-fund has somewhat of a shooting start out the top of the upper BB; that and the stochs are in the +90 range, an exit point if I had stayed in :-/
Lots of bullishness, will evaluate in the next week an entry - it will probably have been today. :nuts:

 

[Whipsaw]

Waiting for some sort of pull back or correction that many are talking about. :dunno: Seems the exit call above was wrong, but my entry call (that I didn't follow) was good. at:

 

[Whipsaw]

MW has articles about the market going down, Yellen talking of interest rate hikes, talk of corrections, overvaluation, open gaps all over below current levels, warnings of pull backs, people yelling... all we need now is a Hindenburg omen... yet, the market marches higher, NAAIM is bulled up... I don't get it. :suspicious:

 

[DreamboatAnnie]

Agree! That's why I reduced exposure to 20% and still not sure about even keeping that in there, but its a comfortable exposure regardless of which way it goes. FOMC meets next Tues/Wed for more delightful "Fed Speak"!

Best wishes to you and everyone*! :smile:

 

[flalaw97]

NAAIM actually went up today from 106 to 112. I think many people on TSPTalk have said that much of it is "baked in" and folks are looking further ahead than the here and now. Most of the reports I read said that Yellen is planning on keeping interest rates low. Hoping to ride the wave a bit longer and build that cushion. Good luck to all.

 

[Cactus]

NAAIM actually went up today from 106 to 112. I think many people on TSPTalk have said that much of it is "baked in" and folks are looking further ahead than the here and now. Most of the reports I read said that Yellen is planning on keeping interest rates low. Hoping to ride the wave a bit longer and build that cushion. Good luck to all.

Is Janet Yellen back in the Federal Reserve? Jerome Powell is the Fed Chairman the last I heard. Boy this new administration moves fast.

 

[Soupguy]

Is Janet Yellen back in the Federal Reserve? Jerome Powell is the Fed Chairman the last I heard. Boy this new administration moves fast.

Treasury Secretary not Fed Reserve Chair.

 

[ravensfan]

I smell a rat!!! :worried:

 

[DreamboatAnnie]

Yellin already made comment this morning that things would remain the same...but she no longer speaks for Fed as she will be Treasury Secretary, or so I understand.

 

[Whipsaw]

I'm probably buying this 'dip' today. Its not making sense to sit on the sidelines and miss 20% in gains to avoid a 10% dip. Call me crazy. Of course, that would mean the bottom falls out on Monday.

 

[ToddB]

I'm still bullied up 100% S.
Ride the wave till it pulls back!


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[Whipsaw]

Going to hold until Monday :-/ No telling what will break in the news over the weekend. Have a great weekend everyone!

 

[ravensfan]

Going to hold until Monday :-/ No telling what will break in the news over the weekend. Have a great weekend everyone!

You as well Whipsaw. I am currently 80G, 10C and 10S and holding that position.

 

[Whipsaw]

Thanks RF! I need to remember that I'm my own best contrarian indicator!

 

[Whipsaw]

And there it goes...