XL-entLady's Account Talk

[KevinD]

Dang, XL-entLady. You need to get a job. I having trouble keeping up with all the articles.




Just kidding.

 

[XL-entLady]

Wish I could work, KD, it would make me and the spouse both less crazy! :laugh: Thanks for stopping by!

I did <1% rounding up IFTs today in both my account and my husband's. Added a total of 4% to our equity holdings. Beats being in IFT jail!

Lady

 

[Frixxxx]

Wish I could work, KD, it would make me and the spouse both less crazy! :laugh: Thanks for stopping by!

I did <1% rounding up IFTs today in both my account and my husband's. Added a total of 4% to our equity holdings. Beats being in IFT jail!

Lady

I'm glad you don't work, You give me such great advice and friendship on the board. Me, I have 5 computers screens on my desk and have to watch boring logs and make reports.

Fortunately, my boss let's me on the board for the "financial" advice.

 

[Steadygain]

Thank you !!!!!!

 

[XL-entLady]

I've seen 890 mentioned on several blogs and videos today as being the next objective for S&P, with 900 being strong resistance. It will be interesting to see if we get there ....

Lady

 

[XL-entLady]

The Ord Oracle for 1/29/2009:


"... Normally after a jump the market may pull back to support near 85 before heading higher. Today’s plus 1155 up tick close also suggests a pull back near term but the 85 range on the SPY should hold as support. A bullish intermediate term signal came yesterday when the NYSE McClellan Summation index turned up and today’s strong advance/Decline line keeps the Summation index heading higher today. We still expect intermediate term wise the rally will continue and still expect the 105 range on the SPY may be hit in March or April. We are long the SPX on 1/21/09 at 840.24....."

http://www.traders-talk.com/mb2/index.php?act=attach&type=post&id=9581


Lady

 

[XL-entLady]

Based on the Ord Oracle post below as well as several other articles I've read today, I'm thinking that if we can close at or above 850 today in the S&P then this will be a good healthy consolidation before we continue up.

And if we don't close above 850 then I should have sold yesterday! :laugh:

So what are you all thinking?

Lady

 

[XL-entLady]

Interesting 6 minute video on picking apart the Fed statement. (Trouble getting a BAC mortgage loan at 7% ... serious deflation risk is scarier than inflation ... suggestion for picking a stock for dividends ... a dissenting opinion on the Fed board and what that means.)


http://www.zacks.com/video/

Lady

 

[Gumby]

And if we don't close above 850 then I should have sold yesterday! :laugh:

So what are you all thinking?

Lady

I am think I should have sold it all yesterday!

 

[XL-entLady]

I'm thinking that if we can close at or above 850 today in the S&P then this will be a good healthy consolidation before we continue up.

And if we don't close above 850 then I should have sold yesterday!

So what are you all thinking?

Lady

I am thinking I should have sold it all yesterday!

Well, we closed under 850, and the TRIX showed a dead cross, and I - like Gumby - should have sold yesterday! Bulls make a profit and bears make a profit and pigs get slaughtered! :laugh:

Lady

 

[Birchtree]

I wouldn't be so hasty - Amazon just posted nice earnings and tomorrow may not be as bad on GDP as anticipated.

 

[Steadygain]

:embarrest: very sheepishly expressed :embarrest:

 

[Heres14U]

Today must have been very discouraging for the bulls, no follow through from the day before. This is typical bear market action with these one day updays then the whipsaw back down the next day. Very frustrating for even the day traders. Let's see what tomorrow brings, I think it will be an important day to see what this market is made of. I wouldn't be a bit surprised to see us go back down to S&P500 800 level for a retest. If it doesn't hold, another leg down is a strong possiblility.

 

[XL-entLady]

Let's see what tomorrow brings, I think it will be an important day to see what this market is made of. I wouldn't be a bit surprised to see us go back down to S&P500 800 level for a retest. If it doesn't hold, another leg down is a strong possiblility.

I agree with all of the above. :suspicious:

If we don't have a bounce back morning tomorrow I'm moving to 100% G. Next week is going to be all about the fight to get stimulus passed and I'm not sure I want to be in the market during all the hair pulling - even though I think the markets will bounce when the bill passes. I'm just not sure what level we'll be bouncing from and it could be a lot lower than 850 if tomorrow isn't a good day.

Lady

 

[whitemingo]

Do you remember what happened when the first stimulus bill passed?

 

[XL-entLady]

Do you remember what happened when the first stimulus bill passed?

Hi Whitemingo, thanks for your visit. Great avatar. And you have an interesting name. Are you the 'white master' of something....or are you honoring your Native American roots?

And regarding your comment, are you talking about the February 2008 stimulus bill? We've had so many by now that I lose track. :cheesy: In that one if I remember right the markets actually dropped just a bit, and again if I remember right the market gurus said it was loss of confidence in the markets. "If things are so bad that we need 'stimulus' then I'd better get my money out of the market."

Is that the one you mean? If so, your point is well taken. In this market anything can happen. And has! :nuts:

Lady

 

[whitemingo]

Very good. Native American Roots. The Mingo indians were in an area very close to where I grew up and they are a part of my heritage.

Actually the stimulus package I was talking about was the one that was passed in October. I thought for sure that the markets would take off after it passed. I was in and they tanked.

 

[XL-entLady]

Very good. Native American Roots. The Mingo indians were in an area very close to where I grew up and they are a part of my heritage.

Actually the stimulus package I was talking about was the one that was passed in October. I thought for sure that the markets would take off after it passed. I was in and they tanked.

Ah yes, the 'buy the rumor and sell the new' one. Could easily happen this time too, huh!

Lady

 

[Steadygain]

If we don't have a bounce back morning tomorrow I'm moving to 100% G.
Lady

That sounds like an excellent plan Lady - and we welcome you with open arms.

http://money.cnn.com/2009/01/30/news/economy/gdp/index.htm


Economy: Sharpest decline in 26 years

http://money.cnn.com/2009/01/30/markets/stockswatch/index.htm
<H1 style="BACKGROUND: white; MARGIN: 11.25pt 0in 7.5pt">Wall Street set to drop on lower GDP

Stocks set to fall on GDP's 3.8% decline

</H1>

Amazingly - these fundamentals are often overlooked and the Markets spring to life (briefly) even as the worst reports are acknowledged.

G Fund is feeling more cozy as time goes on...

GL Lady - wishing you the best.

 

[XL-entLady]

We can't move effectively in markets like these, given our time and IFT restrictions. I'm moving to the sideline to catch my breath! 100% G at COB today.

Lady