Per Diem: Stop Yellen at me
by
, 03-17-2015 at 09:02 PM (1342 Views)
I'm going to make this a short rant tonight, thank you for allowing me to vent
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13th trading day of March (really good)
- SPX, 70% winning ratio with .32% average returns
- R2K, 70% winning ratio with .36% average returns
- AGG, 36% winning ratio with .08% average returns
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Wednesday (really bad)
- SPX, 18% winning ratio with -.23% average returns (Last 7 down)
- R2K, 36% winning ratio with -.15% average returns
- AGG, 64% winning ratio with .07% average returns
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No charts tonight, I've had some technical difficulties, once I'm sure the kinks are worked out, I'll resume my usual duties. Last night I posted this
"I look at the charts, I look at the stats, I look at the charts and then I look at the stats some more. Optimistically speaking, it is my belief both seasonality and the charts are getting aligned and this gives us potential momentum for the S&P 500 to make a mid-April run for 2175-2225, that's a 4-6 percent move. Conversely, a close back below 2040 will make me re-evaluate the price action."
I've been sifting through the forum and it's been getting tiresome reading about all the bearishness out there. Frankly, I just don't get it, I don't see it, and the vast majority of charts I've been posting do not support the bearish view. I've done my best to give honest & balanced analysis, it is not my intention to sway the reader, but to give a truthful perspective of which direction prices are headed. There will be a time when "the sky is falling" but as for now, I've put my money where my analysis is, and thus far, myself and others have been right. I do realize the news out there is sometimes dire, but it's always dire, there's always another impending domino ready to cascade the markets down. Such was the case at the March 2009 bottom, when we rallied 83.5% before receiving our first -21% correction. Point being, the long-term investors win over the long run, while short-term investing yields short-term results…
Trade hard…Jason