Thread: MrJohnRoss' Account Talk

Originally Posted by bmneveu

Tom pointed out that seasonality is pretty bearish starting Monday all the way through mid December. If that holds true, you should get your price action within the next few weeks.

Thanks for that observation. With commodities, especially oil, down sharply today, the Transports are surging, which is helping to lift the Dow. Seasonality does play a factor, but to what extent remains to be seen.

I am moving to the F fund as of COB today to see how next week pans out.

Originally Posted by MaStA

I am moving to the F fund as of COB today to see how next week pans out.

You may have timed it perfectly. Good luck!

Originally Posted by MrJohnRoss

Still holding TZA, as this market is overbought, but confounds me by heading ever higher. Sometimes I wonder if I'm just being stubborn in my beliefs, or am I really reading the charts incorrectly. Position sizing is important here, as I'm not going to be hurt if this trade doesn't work out as planned. I'm still heavily invested in stocks, but holding TZA as "insurance" against an overbought market.

With the weak close on Friday, and futures pointing to a down market tomorrow, perhaps my insurance is going to finally pay off. TZA was up over 4% on Friday alone.

I'll be busy cooking some rocket fuel most of the day tomorrow, so I'll have very little time to see how the markets are doing.

Originally Posted by MaStA

I am moving to the F fund as of COB today to see how next week pans out.

Same here, except I made the move to the G just to be a little extra cautious. (In my Real World TSP account)

Hoping a nice new low price for the S or C presents itself in a few weeks so I can buy cheap before a sharp turn-up mid-month.

Originally Posted by MrJohnRoss

With the weak close on Friday, and futures pointing to a down market tomorrow, perhaps my insurance is going to finally pay off. TZA was up over 4% on Friday alone.

Well well well...

Looks like the ship is beginning to list to the downside. Ain't that a surprise. *insert sarcasm here*

My insurance is beginning to pay off, as TZA was up a strong 4.7%. If we can clear 14.25, the obvious cycle high could take us back up to the 19 area. Wouldn't that be nice.

... and unless you were in the G Fund, you lost money today. AGG (F Fund) was even down 14 ticks.

The candle pattern for AGG is showing a dark cloud, and nearly a bearish engulfing pattern. Gonna have to keep an eye on this one, because I really don't want to burn an IFT to go to G.

Looks like the S Fund is going over a cliff, down 150 basis points. Yikes!

Originally Posted by MrJohnRoss

... and unless you were in the G Fund, you lost money today. AGG (F Fund) was even down 14 ticks.

The candle pattern for AGG is showing a dark cloud, and nearly a bearish engulfing pattern. Gonna have to keep an eye on this one, because I really don't want to burn an IFT to go to G.

Looks like the S Fund is going over a cliff, down 150 basis points. Yikes!

Bring on the pain, AGG has .05% more to scalp off of tomorrow's close...

Even the G fund got hurt today

If anyone is interested, Stockcharts.com is having a nice sale on their subscriptions today for Cyber Monday.

(Too bad I don't get a referral fee. Lol.)

Here's a look at the Wilshire 5000, including the MOSI, which has a reading of -21. Looks like I need to paint a red stripe down today's action.

MOSI W5000.jpg

FYI, most (but not all) of the other indicies have MOSI crossovers as well. S&P 500 MOSI is at -6.