WorkFE's Account Talk

[anthony]

Re: ift

I have an itchy trigger here also, but I'm thinking more like $59.50, or about -3% from where are today. That would take it down to some really solid support at the bottom of the rising trend channel from the March 2009 low, as well as closer to the one-year Fib' retrace. Scary graph when you look at a 6-year monthly wedge for the EFA. Should be okay inside of the wedge through 2016, but eventually it will get pretty narrow. Which side of the triangle do you think this will pop out on? :worried:

 

[WorkFE]

Re: ift

No idea. Summer months are tough to play. Waiting on an additional 3% looks like the way to go. I'm thinking a small pop tomorrow. If so I'm out for July.

 

[WorkFE]

Re: ift

Well this market has taken a turn for the better, uhh, turn for the worse in my case.

 

[Cactus]

Re: ift

Well this market has taken a turn for the better, uhh, turn for the worse in my case.

Yeah, I think it's Blackrock buying in this afternoon because of all the TSP IFTs into the market this morning. You just can't get ahead of them.

 

[SteelSaving]

Re: ift

Yeah, I think it's Blackrock buying in this afternoon because of all the TSP IFTs into the market this morning. You just can't get ahead of them.

I'm sorry but this is complete manure.
There is no reason, in 2015, that we should have to make a decision on an interfund transfer four hours before the close of the market.
That's some great customer service right there. ;swear

 

[WorkFE]

Re: ift

Ya win some ya lose some.

 

[WorkFE]

Re: ift

With roughly $5T in assets there is no question they have the monetary might to move the markets, however TSP money is not all they manage. They manage numerous institutional investments.

Not saying I don't like a good conspiracy just highly unlikely. More likely (Jury's still out) I made a crappy move.

As for the 4 hours before the close, no argument.

 

[OBXTrader]

On Vacation so not following too close the market but today was a trader's day.

My personal charts had me in cash until next week and to ignore the noise. It's hard not to notice today. Payback tomorrow?

 

[WorkFE]

Payback tomorrow?

Yup, crappy move.

 

[WorkFE]

Re: ift

looks like I was about a day early. That hurts.
Maybe a bounce from here, we'll see. DOW 16,516 by 1 October, that would suck for me. :blink:

 

[WorkFE]

Re: ift

This is me after lunch.

Dogs Who Lost The Fight Against Sleep

 

[FogSailing]

Re: ift

Were there dog beers involved?

FS

 

[WorkFE]

Let me check my outlook calendar.

 

[WorkFE]

After an itchy trigger finger got me in over my head earlier this week I've managed to get back a smidgeon of my arse. Hopefully, looking at todays futures, I'll get back a bit more today. Need a steady 2-4 days of melt up to break even.

Todays Friday, I'll worry about it next week. Have a great weekend.

 

[WorkFE]

Re: ift

Here is hoping I don't regret leaving anything on the table.

G- 51%
C- 22%
S- 22%
I- 5%

COB today.

 

[WorkFE]

Re: ift

I had a feeling I shoulda ducked out for the remainder of the month. :worried:

 

[Cactus]

Re: ift

What? You don't think it will come back before then? :nuts:

 

[WorkFE]

Re: ift

What? You don't think it will come back before then? :nuts:

I made my %+ for the month. Shoulda stuck to the plan.

 

[WorkFE]

Well it certainly has been an interesting week. While I have been dinged up a bit by leaving 1/2 exposed it has not hurt to bad. Still up over a % for the month. If today looks like it will end on the up side I may duck out and see you all in August.
Futures at the moment are hohum

 

[WorkFE]

Re: ift

100% G COB today.
I'm ok with it.