Thread: BearTrap's Account Talk

Moved out of equities and into bonds today. I don't think this is the top. I believe S&P will hit 1600 in the near future. However, I think some macro issues will cause some pullback or at the bear minimum some more consolidation. Bearish on Dow, Bullish on S&P.

Looks like we'll have to wait until those fed minutes to come out to see if we can get some volume moving. I'm starting to pay close attention to gas prices. Getting very close to the $4 mark in my area. Good indicator of when things will tank. People will start talking, news will start reporting, and consumer confidence will plummet.

I pulled out 2 days early but that is OK. Looks like the start of a pullback! We'll have to see if Thurs and Fri will confirm, so watch out for those bear traps....

Can the markets go for the record of 13 consecutive up days? Last time that happened was 1986 going into '87. Doesn't history tend to repeat itself?

I think equities will see another pop-up prior to any pullback. VIX continues to drop and looks like a bear flag forming in the F fund.

Cyprus causing a bit of a shakeup this morning. Goes to show you that none of the macro, geopolitical instability out there is factored into the markets. Makes you wonder what might happen if/when we deal with just one of the following: Italian elections, EU in general, Israel bombing Iran nuclear sites, N Africa, N Korea, Chinese real estate, global currency wars, end of QE, US budget and debt ceiling........

Will hopefully get a buy signal this week. Everything is very close, if not at, support lines. Turn around Tuesday? Indicators say otherwise, but Uncle Ben speaks today.

I was hoping to make my 2nd IFT this week but it is not looking so good. The bears have control of C, S, I at the moment. The I (EFA chart) has a gap to fill about 12% down. Is it time for that gap to get filled? Not giving up on a buy for C or S just yet. Will have to see how today plays out.....

April has been very good to me thus far but am not sure if I will get to use my 2nd IFT. Tomorrow will be a pretty boring day for the markets so there may be a small pop. I'm looking at C as having the best potential buying opportunity. Next week should be interesting.....

Decided to make a play on C and I yesterday. I am a bit nervous about Friday's GDP. Estimates are at 3.1%. It seems like a high estimate given the last GDP; however, look how the markets have climbed since.

My indicators said to go for I, but was a bit "gun shy" from past experiences. I fund has treated me well the past few months and should have stuck with the system and not have stuck half of my trade in C. Can anyone explain how the "fair market" value of I plays out? I hasn't been tracking closely with EFA. Is there a different index that I should be following?

Originally Posted by BearTrap

My indicators said to go for I, but was a bit "gun shy" from past experiences. I fund has treated me well the past few months and should have stuck with the system and not have stuck half of my trade in C. Can anyone explain how the "fair market" value of I plays out? I hasn't been tracking closely with EFA. Is there a different index that I should be following?

Ebb keeps up with it

Ebb's Account Talk