Likes: 
Reply With QuotePatience Grasshopper. We've still got that nasty FOMC meeting to deal with on the 14th,,,
Re: MrJohnRoss' Account Talk
A massive decline in the VIX today, down 14%. The dollar looks like it's (finally) starting to top after the big Trump rally. Bond yields look like they might be forming a top, and vice versa, bond prices may be forming a bottom. The Dow and Mr Tran continue their path higher. Nasdaq had a nice 1% bounce. S&P gapped higher at the open, so it will want to get filled.
USO had a bearish engulfing right at prior resistance. The chart of WTIC shows how strong this resistance has been all year:
WTIC.png
PPO looks healthy, so we may bust through that resistance. The question is, how far above $50 will we go? I'm not so sure we'll get too far. Maybe 55. Either way, it should be good for stocks, esp the energy sector.
Interestingly, my oscillators are very near neutral on the PPO and PMO systems, but the VIX signaled a buy. Composite reading is technically at +1 (just barely), but another strong up day could move it even further north. That would mean Friday's sell signal was merely a whipsaw, and I could be almost immediately back into stocks. Harumph. That would only be good if the rally lasted through the rest of the month. The worst case scenario would have me go back in, only to see another sell signal materialize right away, and I would have to go back into cash as my last move for the month, and THEN have the market move higher as I sit in cash. Let's hope that doesn't happen. If it does, it's out of my control.
Good luck!
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
Re: MrJohnRoss' Account Talk
Patience Grasshopper. We've still got that nasty FOMC meeting to deal with on the 14th,,,
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
Re: MrJohnRoss' Account Talk
Hopefully Santa will come too. Last year it was the third week instead of the last.
Re: MrJohnRoss' Account Talk
Did somebody say Whipsaw?!Call me an optimist, and this isn't based on anything, maybe the Santa Rally is already starting... =
I'm probably wrong, and likely to get bit, but so far so good. The weakness purportedly starts day after tomorrow, I'm on the road so I may have to ride it through the end of the year.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Re: MrJohnRoss' Account Talk
Ravensfan, this is true, but most everyone knows the odds of a rate hike are like 99%. I'm thinking it's already baked in to stock prices, so there should be no surprises. (Famous last words). We shall see.Originally Posted by ravensfan
Patience Grasshopper. We've still got that nasty FOMC meeting to deal with on the 14th,,,
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
Re: MrJohnRoss' Account Talk
Pmaloney, Hmmmm... maybe Trump and Santa are one and the same. Either way, I'll take the rally. (wink, wink).Hopefully Santa will come too. Last year it was the third week instead of the last.
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
Re: MrJohnRoss' Account Talk
Whipsaw, I'm hoping you are correct in your prediction of an early Santa Claus rally. We could all use a little year-end boost to the bottom line.Did somebody say Whipsaw?!
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
Re: MrJohnRoss' Account Talk
And yet another day higher for the major averages. Today's positive action sent all my oscillators to the buy side. Whipsawed out, and now going back in. I was hoping we'd get a lower pullback to get back in, but I've learned my lesson for not following my system.
100% S as of COB 12/7/2016.
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
Re: MrJohnRoss' Account Talk
I know what you mean MJR. I changed my investment strategy in November and am already out of sync with it. Had I stuck to my guns I would still be invested and very happy with the returns. However I'm sitting on the sidelines patiently waiting to get back in.
Good luck with your decision to get back in. Now go and knock it out of the park.
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
Re: MrJohnRoss' Account Talk
I expect we will get that pull back before Christmas. Maybe around Fed? IDK, but i'll buy that pull back. Anyway, should be a pull back before Christmas before a rally into January. At least my system has me in 50%. Keeps my psyche positive. I can claim victory or at least some sorta victory.I know what you mean MJR. I changed my investment strategy in November and am already out of sync with it. Had I stuck to my guns I would still be invested and very happy with the returns. However I'm sitting on the sidelines patiently waiting to get back in.
Good luck with your decision to get back in. Now go and knock it out of the park.
100 G
RSI - Relative Strength Indicator DMA - day moving average
Re: MrJohnRoss' Account Talk
Thanks ravensfan. As the 'ol saying goes, "Plan your work, and work your plan."I know what you mean MJR. I changed my investment strategy in November and am already out of sync with it. Had I stuck to my guns I would still be invested and very happy with the returns. However I'm sitting on the sidelines patiently waiting to get back in.
Good luck with your decision to get back in. Now go and knock it out of the park.
Best of luck to you with your investments as well.
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
Re: MrJohnRoss' Account Talk
Clester, very smart of you to keep 1/2 of your account fully invested during this bull run. Let's just hope we don't see any big bad bear runs anytime soon to spoil that strategy.
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
Posting Permissions
|
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
|
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
|||||
Bookmarks