Looks like we might be going green soon.
If we can go positive and hold for an hour I'm ready to jump in front of the train and do more buying. I'm going to DCA into my lamb chop account - mostly energy type stocks.
Looks like we might be going green soon.
It's just getting a running start.
I'm waiting and watching the VIX soften. If we could get to 1150 on the SPX I think that would cause many bears to hang up their suits and join the herd - you know they have to be in pain.
I try and read the Merriman Market Analyst at http://mmacycles.com/ every week. If last year was truly the bottom of the last bear, it will take the record for the shortest. I want to do some buying right now but I'm holding to my discipline of only buying on up days.
Patience is virtuous, bought: BTU, JCI, CE, ANR. Watch Spot run said Dick and Jane.
Birch,
I see you post every now and then what you are going to buy. Do you buy and hold these individual stocks, or sell after a month or so?
I know you are a bullish investor, just wondering if you sell other stock when you make purchases like these.
(if you don't mind me asking. )
I only like to sell when it becomes a scarifice to buy something else. During the spring and summer of 2008 I sold my commodity stocks inorder to purchase a portfolio of 45 toxic waste financial stocks. That was a very prescient move. I own 317 individual stocks that I call wall flowers in my oceanic account. I'm now building a separate account to act as a sentinel to protect my oceanic from a margin call. I like to reinvest all my dividends currently. I'll be glad to answer any questions you may have.
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
This V shaped move attracts more buyers the more extended it becomes. As Ritholtz says; "The easy trade now would be to move to cash amid fears that the rally is petering out - but he adds that over the years he's found that the easy trades aren't usually the ones that make him money." Getting to the 160 month moving average at 1158 and holding that level would be the next step in establishing whether or not the market is in bull mode. Today getting past 1150.23 is a bullish sign and should mean that it can keep going until its next level of resistance at 1228 where it will have retraced 61.8% of its losses. Tomorrow could be very hot. No waterfall decline until early April. Snort.
So what made you move 5% of your S fund to the lily pad COB today? Seems a bit pre mature.
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DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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