WorkFE's Account Talk

[Guest2]

Futures are up ever so slightly at the moment. Can we carry the momentum. Possibly. This is going to be a slow week for any economic reporting. Looks like we'll have to fend for ourselves.

Overseas up strong today dollar also up. Probably will nolify some nice I fund gains.
http://www.marketwatch.com/story/tokyo-sydney-stocks-surge-over-3-pace-asia-2009-08-24

My goal this year was 10% on the year. I have revised that to 13%.
If today looks strong I may move 10-20% into the G fund but I'll leave my current I fund (10%) at that level.

GL today everyone.

For those who care about the charts, All stock funds are trading just above
their upper Bollinger Bands. Usually trends downward thererafter.

 

[WorkFE]

Thanks SB. I leave the chart posting to you all because I am tech challenged.

 

[WorkFE]

Futures are up ever so slightly at the moment. Can we carry the momentum. Possibly. This is going to be a slow week for any economic reporting. Looks like we'll have to fend for ourselves.

Overseas up strong today dollar also up. Probably will nolify some nice I fund gains.
http://www.marketwatch.com/story/tokyo-sydney-stocks-surge-over-3-pace-asia-2009-08-24

My goal this year was 10% on the year. I have revised that to 13%.
If today looks strong I may move 10-20% into the G fund but I'll leave my current I fund (10%) at that level.

GL today everyone.

Don't be surprise if I revise this again. It will be at less risk however.

 

[WorkFE]

Pretty busy IFT board today.
Decided to move some to the garage.
G: 14
C: 38
S: 38
I: 10

1035 area seems to be beating up the noggin. Gotta break through.

 

[WorkFE]

Atleast now I know why the market and the VIX were moving in the same direction this morning.

 

[Birchtree]

The sellers have taken their gains and now the buyers are stepping forward. I suspect the VIX will give up the 25 level today.

 

[WorkFE]

Your probably right but with junk car program gone (ending) we are back to trickle in stimulus which could slow things down.
I personnaly was one of the profit takers, a trend I plan on continueing now that I've met my 1st bench mark.
I know you'll be around awhile longer.

 

[WorkFE]

That is one tough day. No mercy. I hate the noon deadline.
Gotta little out the back door though and there ain't no crying in investing:laugh:

 

[WorkFE]

Where do we go from here? The feelings are mixed out there. Coolhand posted some excellant articles this morning, good reading. I do believe we will continue upward for awhile, how long who knows. I plan on moving small amounts to the G fund as we move forward. Hopefully on days we are up. Yesterday proved it does not always work that way.
Hopefully the auto dealers that took advantage of CARS prepared for the letdown now that its over. If not there will be more closings.

I guess it could be worse:
http://www.marketwatch.com/story/fed-chairman-bernanke-gets-reappointment-reports-2009-08-24

Have a great day everyone.

 

[CapeChem]

I was thinking along the same lines.....but ttrying to move by noon is a booger.....my initial thought yesterday was to move some out because it looked like a pretty nice upward move around noon.....heres hoping for that continued uptrend

 

[WorkFE]

You win some and you lose some. Fortunately yesterday was just a slap of the hand.

 

[WorkFE]

The VIX is being a little more cooperative today than yesterday. Pulling back another 6% into the Garage.

G- 21
C- 35
S- 35
I- 9

Do not treat me like yesterday.:laugh:

 

[Birchtree]

If you were ahead of me on the tracker I'd say good move....but I cannot fade the dominant yearly Kress cycle at this point. Waiting on the VIX to cross 20 - then everyone is bullish and time to pull back.

 

[WorkFE]

No offense, you are a steadfast investor who believes in their convictions. However where YOU are at on the Tracker is meaningless to me. I have my own milestones and I am meeting them.
I value your input immensely but the tracker is only relevant from 1 Jan to 31 Dec. My gains are measured over the life of my investments.
Also, as TSP is not my only investment vehicle, I keep a well balanced porfolio. If someone keeps 100% of there investments in risk, even during good times, thats their business.

Go make a million BT, I'm working on lunch money

 

[Birchtree]

No offense taken. We are all individuals with our own priorities.

 

[WorkFE]

Do you believe the we will have a different outcome today and if so do you think the VIX is a telling sign?

Also you'll be happy to know that I backed some out to the G but in writing a reply to your message I may have missed the noon deadline in my actual account. It was close, we'll see.
Now if the market goes on a tear you can say you made me some money

 

[Viva_La_Migra]

No offense, you are a steadfast investor who believes in their convictions. However where YOU are at on the Tracker is meaningless to me. I have my own milestones and I am meeting them.
I value your input immensely but the tracker is only relevant from 1 Jan to 31 Dec. My gains are measured over the life of my investments.
Also, as TSP is not my only investment vehicle, I keep a well balanced porfolio. If someone keeps 100% of there investments in risk, even during good times, thats their business.

Go make a million BT, I'm working on lunch money

Well said. At this point, I'd be happy with some milk money! :laugh:

 

[Birchtree]

I found this over the weekend and I don't remember the source but I think it is just as telling as the VIX. "Data from the largest online brokers shows that the average investor is trading less since the March lows. That means that many people with online accounts must have sold out at some point after the March bottom". Now how long will they sit in cash making no dollars? This could be some extra rocket fuel. My question is where will the SPX be when the VIX hits 20 - my bet is 1200.

 

[WorkFE]

The VIX yesterday was telling me not to sell the strength and I ignored it. Luckily no harm no foul. Today is different.
We are closing in on VIX <24. that would be a wonderful thing.
I would be gritting my teeth at 20 but stay >50% in risk down to 21. After that I'll probably be close to turret defilade.

 

[WorkFE]

Now that lunch is over it's looking like I might get spanked 2 days in a row.:worried: