Thread: MrJohnRoss' Account Talk

Originally Posted by MrJohnRoss

Well said Jeff. That's why I love the markets, TA, and making a little dinero $$$. Every day is a new adventure, and the market teaches you something new all the time.

You like T and A huh hh im an A man my self, but let the markets run

Originally Posted by GUCHI

You like T and A huh hh im an A man my self, but let the markets run

Bwahahaha! Nice catch Guch.

Yes, let those markets run hard... and strong... and long...

Originally Posted by MrJohnRoss

Bwahahaha! Nice catch Guch.

Yes, let those markets run hard... and strong... and long...

Everybody wants to know if you are staying in F. So give it up

Originally Posted by MrJohnRoss

Is the bottom in place? I've had an itch on my trigger finger all morning, but trying to keep my logical "Mr. Spock" brain in control. We're certainly closer to a bottom than we were two weeks ago.

The probabilities of this being the bottom are about 40/60, IMHO. We may not be quite there yet. However, there may be a lot of pressure to get the end of year market rally in place. Window dressing will commence, etc.

I'll let Mr. Spock watch the indicators to let me know when the tides have turned. *grumble grumble*

Two back-to-back strong up days is a pretty good indication that the market wants to go higher at this juncture. Yesterday's bullish engulfing candle, and today's gap up were all all I needed to see to move back into equities.

I studied the long term (weekly) and short term (daily) relative strength charts for C, S and I, and decided that the tides are turning in favor of S. The daily chart shows S outperforming C since Dec 1st, and breaking the downtrend line. The weekly chart also appears to show that S is bottoming out and turning higher. So even though S is underperforming C today, I've gone 100% S.

Was hoping to see the markets pull back a bit this morning so I could catch it at a better price, but at this point, the odds favor a continuation of the aging bull run into next year.

Good luck!

Sold off my TZA for a loss of -8.8%. Meanwhile, I picked up some TQQQ at 97.90.

Both BIB (+4.8%) and CURE (+5.4%), which I picked up yesterday, have offset my losses, so at this point, I'm gaining ground.

TZA did not gain ground very well during the market downturn. I'm going to have to analyze my choices in preparation for the next market downturn. Perhaps TQQQ/SQQQ or SSO/SDS would be better choices.

Looking back at my trading history, I've done fairly well with TNA, but not so well with TZA. There's a reason for that, and I'm going to get to the bottom of that reason and correct it.

As Jim Rohn said: "Don't wish it were easier, wish you were better".

Originally Posted by MrJohnRoss

Sold off my TZA for a loss of -8.8%. Meanwhile, I picked up some TQQQ at 97.90.

Both BIB (+4.8%) and CURE (+5.4%), which I picked up yesterday, have offset my losses, so at this point, I'm gaining ground.

TZA did not gain ground very well during the market downturn. I'm going to have to analyze my choices in preparation for the next market downturn. Perhaps TQQQ/SQQQ or SSO/SDS would be better choices.

Looking back at my trading history, I've done fairly well with TNA, but not so well with TZA. There's a reason for that, and I'm going to get to the bottom of that reason and correct it.

As Jim Rohn said: "Don't wish it were easier, wish you were better".

Playing TZA this past year cost me a lot of money.

Looks like I'll be entering $EMW at 1045.65, up 1.73% today. Dayam.

The 401k was up over 3%, and is now in uncharted territory. Top three holdings:

CURE: +8.62%
TQQQ: +7.49%
BIB: +7.06%

Such a massive push today, but we're reaching short term overbought levels here. Wouldn't be surprised to see a pause/cooldown tomorrow. If you're not in yet, tomorrow may give you your best chance.

Thank you Santa.

I'm thinking that if central banks are stepping into the breach this environment could get hot, hot.

Originally Posted by Birchtree

I'm thinking that if central banks are stepping into the breach this environment could get hot, hot.

Follow the big elephants. The fund managers are setting the stage for a good year-end rally, IMHO.

Originally Posted by MrJohnRoss

Follow the big elephants. The fund managers are setting the stage for a good year-end rally, IMHO.

I'm hearing 2100 for year end SnP...and its from market talkers not named Birch! Keeping fingers crossed!!!

I agree, the chase for performance and the potential for window dressing and setting up for the new year makes for an exciting EOY Santa Rally.

Of course we all have to be careful following big elephants too closely can provide big exhaust and even drops .