Picked up a little NUGT at 32.82. We may bounce around a little more at the bottom for a few days, but this looks to me like a pretty good spot to get in.
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
Made a move to the G Fund. Don't like selling on strong down days, but this has all the earmarks of a right shoulder down pattern. Could be a troubling October ahead for the markets. Would not be surprised to see a technical rebound tomorrow, but I think it will be short lived.
Good luck!
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
I have been thinking about you and your flip how is it go n?
If history is any indication, and we know how that goes, I think we could have a good October during this mid-term election year. It's getting out of September that may be the tough part.
It's an old chart so the "You are here" is obviously off...
Mid-terms are every 4 years so there is not a ton of data here in this 59-year chart. About 14 or 15 in total, and it doesn't include 2010.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Moved into the fixer upper a couple of weeks ago. 90% of construction has been completed, with about 10% more to go. Much harder to do while we're living there. Didn't have a fridge for a couple of days, so had to fill up the tub with 90 lbs of ice to store all of our reefer and freezer goods. No kitchen sink for about a week, so washing dishes in the bathroom was a chore. Little by little we're starting to make it come together. Our contractor got bought out by a multi-millionaire, (yes, he's that good), so future construction will be very limited on his off days. The wife is happy with the new property... she wanted a little house on a big, quiet parcel, so that's what we've got. Much different from our mini-mega mansion in the burbs. Thanks for asking. Hope all is well with you, Guchi.
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
Wish we could trust history to tell us the future, but it doesn't always work out that way. According to the chart, we should have been negative through the first nine months of the year (-4%), but here we are up about 6.4%. Maybe we'll get a positive bias for October, but this year's chart sure looks like a head and shoulders formation to me. Of course, I've been wrong so many times that I may be proven wrong yet again. Thanks for the chart, I do enjoy looking at other points of view. Would like to post a chart of the S&P a little later that shows some support in the 1950 area. If we go much below that, we might be in trouble. The long term chart says we're still in a bull market, so it all depends on your timeframe as to how you want to play this.
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
JR glad things are work n out with the house. I did not realize you we're go n to move into it, I thought you said it was a flip house. I just moved into a little 2 bedroom house myself, good luck finding room to put all your belongings into the smaller house. It has been a challenge for us. We had a yard sale before moving and still have boxes to unpack when we find space. Glad mamma is happy, you know what they say.
Here's an idea for using TA for spotting turning points in the market... a chart of the Wilshire 5000 utilizing the Total Market Summation Index. Note that it's fairly simple to spot turning points in the Summation Index. I provided red vertical lines at the tops of the Index, and green vertical lines at the bottoms. I also provided red or green lines on the W5000 itself to see whether the market went up or down during the buy or sell signals. Looks fairly impressive. Yet another tool in the arsenal?
Summation Index Turning Points.jpg
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
Cool, are there 2 triggers?
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