Thread: MrJohnRoss' Account Talk

Originally Posted by JTH

My PnF time scale hasn't flipped yet, but today's price action was impressive. Not sure if I'll chase at this juncture, mostly because closing out the year, I have little to gain, I'd rather finish the year in the green, then in the red, and since I'm currently at 2.14% there isn't much wiggle room.

I'd consider a drop of over 2% between now and the end of the year as very remote. But we could see a rise of 2%.

According to technical analyst John Murphy...

"SANTA CLAUS RALLY IS STILL AHEAD ... The stock market is benefiting from a number of seasonal trends which should last well into the new year. For one thing, the month of November starts the "best three months" span that lasts into January, and the "best six months" span that lasts into April. December itself is historically the best month for the S&P 500 and the second best for the Dow and Nasdaq. And the second half of the month is usually stronger than the first. There are at least two reasons for that. The first is the so-called Santa Claus rally which is usually concentrated during the last five trading days of the year and the first two in January (according to the Stock Traders Almanac). Traders usually buy in anticipation of that yearend boost, as they appear to be doing this year.... "

Just took a look at the MOSI indicators. Interesting to see that only three have switched to buy signals; Energy, Industrials, and Small Caps, although the rest are putting their brakes on as if they are getting ready to turn up.

The MOSI is based on lagging EMA's, specifically 19 and 39 EMA's. The difference is either added or subtracted to create the Summation Index. It's really quite ingenious, but unfortunately, it's not going to help you forecast the exact top or bottom of every market move.

Oh sure, you could play with the EMA's and shorten the time span, but that comes with a price... increasing the possibility of getting whipsawed with a head-fake. You may want to add a 5 EMA to the MOSI as a trigger to minimize whipsaws.

The MOSI is still very useful information, and is a good indication of market momentum. I'll keep it in my watchlist. Ya never know what else you might learn from it.

Thanks for the information on the MOSI. Is this a widely available indicator? I have been using Stockcharts (free version) and can't find it.

Originally Posted by WhoDey

Thanks for the information on the MOSI. Is this a widely available indicator? I have been using Stockcharts (free version) and can't find it.

Yes, it's available on Stockcharts. You can click on Market Summary, then at the bottom of the page, they provide the oscillator and summation index for the NYSE and Nasdaq.

Why It's Impossible to Have a Christmas Party in 2014

PC gone amuck.

Get your rakes out. Time to rake it in. The last hour of trading looks like it's gonna smoke 'em.

Yes, we appear to be in market hyperdrive. Sometimes you simply have to swing big when it seems outrageous to be doing so.

Missed out on CUBA

http://stockcharts.com/h-sc/ui?s=CUB...d=p28477022894

Originally Posted by MrJohnRoss

Get your rakes out. Time to rake it in. The last hour of trading looks like it's gonna smoke 'em.

This is a great Christmas treat! Loving it

Originally Posted by jpcavin

Missed out on CUBA

CUBA - SharpCharts Workbench - StockCharts.com

Zowie!!!