WorkFE's Account Talk

[WorkFE]

The biggest dog in there is Tesla

And its down hard today. The only one out of the top ten, not playing ball.

 

[WorkFE]

Market calendar is light these first 2 days this week but picks up after Tuesday. Lots of digestible information for those that are into that.

Chicago Fed President is doing a radio interview today, after noon cutoff of courses and this evening the Minneapolis FP speaks.

Wells Fargo raised its yearend target of the S&P to 5535. Thats a little over 6% from Fridays close. I could live with that.

 

[WorkFE]

With all this great news out there, what could possibly go wrong.
Treasury yields aren’t acting like the Fed is done hiking interest rates (msn.com)
CNBC Daily Open: What rate cut? (msn.com)
Jamie Dimon Warns U.S. Might Face Interest-Rate Spike (msn.com)

 

[WorkFE]

Call today a stalemate, slight edge bears.

 

[WorkFE]

Call today a stalemate, slight edge bears.

In the markets that is. In the C, S, I funds the push goes to the bulls by a bit.

 

[WorkFE]

It seems that the stalemate is somewhat over. I won't say the bears are in control, this is an extremely news driven market, but they are certainly trying to take charge. Could be, Sell in May and Go Away, came early.
I wouldn't rule out a correction, IMHO we've been heating up for a while now.

 

[WorkFE]

Last week was a tad painful. Although I'm not overly invested in C, S and I (only 3% each) it still smarted.
Lots on the calendar this week which has the potential to recover last weeks losses but it could also push us lower.
Keeping a weary eye on Friday when Chicago Fed Pres. speaks, around 10:30. Any gains this week could be wiped out in the blink of an eye.

 

[WorkFE]

The DOW is off about 4% from its all-time closing High while the NASDAQ and S&P are off about 1.5%.
Considering the couple of bad days we had last week, not terrible. Especially the last two, I thought it would be more than that.

 

[WorkFE]

The DOW is off about 4% from its all-time closing High while the NASDAQ and S&P are off about 1.5%.

The DOW is now about halfway into correction territory with the NASDAQ and S&P working on it.

 

[WorkFE]

Kind of just hanging out. Nothing indicates to me that we are headed to Great Depression Territory or rebounding for another leg up. There do seem to be some dip buyers though.
To a lot of folks that 4.250% is looking pretty good right now. I will maintain G-91, C-3, S-3 and I-3.

 

[WorkFE]

This is beginning to get depressing. Of course, if you look at things as "The Glass is Half Full" then you are buying shares at lower prices.
I'm pretty close to jumping on the correction train.

 

[WorkFE]

I'm pretty close to jumping on the correction train.

I will caveat that by adding we have a ways to go for that: DOW 2K, NAS 1K and SP about 300.

 

[nasa1974]

This is beginning to get depressing. Of course, if you look at things as "The Glass is Half Full" then you are buying shares at lower prices.
I'm pretty close to jumping on the correction train.

The train I'm on keeps driving deeper and deeper into the black hole.

 

[WorkFE]

Its all a dream

 

[WorkFE]

Isn't looking good for the home team.
Put this week in the rearview mirror, enjoy the weekend and get after it on Monday.

 

[nasa1974]

Isn't looking good for the home team.
Put this week in the rearview mirror, enjoy the weekend and get after it on Monday.

Right now I need my mirrors. I'm driving backwards.

 

[WorkFE]

Friday, we seen a bit of a rebound for the DOW, brought it back under 5% down from its all-time closing High.
Unfortunately, the same cannot be said for the NASDAQ which breached -7% and the S&P hit -5%.
Naturally, not surprising, the Fear & Greed Indicators are flashing Fear to Extreme Fear. Not going to read too much into that right now after the latest retreat.
Futures are up at the moment, of course we've seen this movie all last week. Let's see what this week brings.

 

[WorkFE]

Mo better

 

[WorkFE]

I'll take 3 more of those to close out the week.

 

[nasa1974]

I'll take 3 more of those to close out the week.

That sure would be nice. It would almost get me back into positive territory for April.