XL-entLady's Account Talk

[alevin]

Wow Lady, that is a stunning poem. Never read any of hers, I'll make a point of finding some more. thanks.

 

[XL-entLady]

Wow Lady, that is a stunning poem. Never read any of hers, I'll make a point of finding some more. thanks.

Glad you liked it. It's by Wallace Stevens, who is Holly's father. I edited my post so that it's not so confusing.

Thanks for stopping by!

 

[XL-entLady]

Zacks gives their take on today's Federal Reserve statement:

"...The keeping of the phrase “are likely to warrant exceptionally low levels of the federal funds rate for an extended period” is key. This means that we will in all probability not see an increase in the Fed Funds rate until at least the end of the year....[more]"

http://seekingalpha.com/article/201483-translating-the-fed-s-latest-policy-statement?source=hp

 

[XL-entLady]

I'm reading more and more articles like the following one. The sticky pants I borrowed from Birch are getting a little worn at the seat and knees. Looking at my trend lines, I'm seriously considering bailing from my C Fund holdings but keeping my S holdings a little longer.

"...we technically remain in an uptrend as we have not made a new 20 day low since the break of the 55 day high back in mid March. We are still above a rising 50 day moving average, another major indicator of positive trend, and now back above the 20 day moving average.

So you may ask, why am I now 2/3 cash if my two main indicators of trend tell me that the market is still quite healthy. Frankly, I could be wrong, ... here are the reasons why I believe we are at or very near an intermediate term top in the market and ready for a 5-10% pull back.
The past few weeks look like distribution to me, plain and simple. I see them running the market up on light volume, and dropping it on heavy volume...."

http://seekingalpha.com/article/201871-the-trend-lives-but-this-market-is-tired?source=hp_wc

 

[XL-entLady]

I'm moving some off the table. It's been a great month and pigs get slaughtered. I'm moving to 25% G, 15% F and 60% S.

 

[Birchtree]

My concern is that the 60% S fund could end up feeling like Johnny Cash's "Burning Ring of Fire".

 

[burrocrat]

My concern is that the 60% S fund could end up feeling like Johnny Cash's "Burning Ring of Fire".

and just how would you know what Mr. Cash's burning ring of fire feels like?

 

[Birchtree]

Candida comes to memory.

 

[XL-entLady]

Candida comes to memory.

OUCH

 

[Birchtree]

Lady,

I'm so grateful you have a good sense of humor.

 

[Frixxxx]

.......................:laugh:

 

[XL-entLady]

View attachment 9201

:laugh::laugh::laugh:

 

[nnuut]

THIS?
http://www.youtube.com/watch?v=mXIykBsqcoA

 

[XL-entLady]

View attachment 9202

Happy May Day tomorrow, everyone!!

 

[Frixxxx]

View attachment 9202

Happy May Day tomorrow, everyone!!

You too Lady, and remember only 8 shopping days until Mother's Day!:nuts:

 

[XL-entLady]

A friend of mine on another MB just reminded me that May 1 is more than May Day. It's the 7-year anniversary of this:



A moment of silence, please, for all the fine men and women who have given the ultimate sacrifice for their country over the last seven years. {places hand on heart} My heartfelt thanks.

 

[grandma]

......all the fine men and women who have given the ultimate sacrifice for their country over the last seven years..
My heartfelt thanks.

Yes, XL-entLady, thank you for sending this on. It doesn't seem possible it has been seven years since the photo.

If I may add, that same thank you's to those who have come home;
not a one of those have returned as the same person they were when they embarked..... mentally or physically -

It is too bad Saddam had 6 months to prepare for us.........

 

[XL-entLady]

Someone on the MB was talking a few months back about copper being an indicator for the S&P. Richard Rhodes' The Rhodes Report this week discusses the same indicator:

"We are rather interested in the manner Copper is trading at present, for Copper has shown itself in recent months to be a leading indicator of the path of the S&P 500. Perhaps this is due to it's economic sensitivity, or perhaps it is due to it's positive correlation with Chinese equities. In any case, the Copper/S&P 500 relationship is important to our trading regime. One cannot help but see that Copper bottomed in late December-2008 before the S&P 500 bottomed in March-2009, which we all know led to a rather material advance until January-2010. At that point, Copper topped out before the S&P 500, and then traded sharply lower - the S&P 500 followed shortly thereafter.

So, it should benefit readers to see that the current Copper decline is rather material, and we're now starting to see the impact of lower Copper prices upon the S&P 500 as it trades lower - with the prospect rather good of still further declines ahead. We're also interested in whether Copper breaks below its 70-day moving average, for it it does - then the S&P should experience weakness through a number of important technical levels such breaking below rising trendline support and very likely below its 75-day moving average at 1150. In the end, major bull market support at 1085, which is roughly -10% from current levels, and well within the tolerances of a "shake-out" correction before the bull market resumes."


With everything that is going on in the various markets, with my moving averages just that close to making a dead cross, and with Coolhand's SS sell signal, I'm thinking of moving the rest of my account to the G Garage on Monday.

 

[XL-entLady]

I just put in my IFT to go 80% G and 20%F at close of business today. I may adjust the percentages a bit before the deadline but probably not. I'm going to sit back and watch things settle a bit.

It just looks like the markets are in distribution stage to me.

 

[burrocrat]

nice timing there ma'am. i was within a few tenths of you and salivating at the heel dust i was bout to make.

boy i got that last move wrong.