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Thread: FireWeatherMet Account Talk

  1. #673

    Default Re: FireWeatherMet Account Talk

    Using 2nd IFT to move back into equities. 50% C and 50% S COB today.
    CURRENTLY 50% S and 50% I (as of COB 4/27/17)

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  3. #674

    Default Re: FireWeatherMet Account Talk

    Tom mentioned in his evening discussion the last time we had Consumer Confidence this high (Dec 2000), we were just off our peak and on the downside.
    http://www.tsptalk.com/mb/blogs/tspt...w-through.html



    Even though the time scales are a bit off...we are mimicking that chart pattern with the recent CC report.

    SP.png
    CURRENTLY 50% S and 50% I (as of COB 4/27/17)

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  5. #675

    Default Re: FireWeatherMet Account Talk

    Selling on short 3 day "semi-flat rally". Using 1st IFT to go 50% G and 50% F.

    These last few days are looking like "bear-flagish" on the S&P (below) as well as the Dow Transports.

    SP.png

    Dow Transports from Tom's Evening Commentary...(he does better charts than I do)

    Last edited by FireWeatherMet; 04-20-2017 at 11:14 AM.
    CURRENTLY 50% S and 50% I (as of COB 4/27/17)


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  7. #676

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    7,733

    Default Re: FireWeatherMet Account Talk

    I'm OK with the "C & S" funds going a little bearish as long as the "I" fund stays on the bullish side.
    May the force be with us.

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  9. #677

    Join Date
    Jun 2011
    Location
    Oklahoma City
    Posts
    118

    Default Re: FireWeatherMet Account Talk

    Quote Originally Posted by FireWeatherMet View Post
    Selling on short 3 day "semi-flat rally". Using 1st IFT to go 50% G and 50% F.

    These last few days are looking like "bear-flagish" on the S&P (below) as well as the Dow Transports.

    SP.png

    Dow Transports from Tom's Evening Commentary...(he does better charts than I do)

    My thoughts are that we broke out of the 2353 channel to the upside, the vix is falling and there is talk back on about tax reform. If we get any confirmation on the tax reform I think we will have a blow off top. Time will tell.

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  11. #678

    Default Re: FireWeatherMet Account Talk

    Reversed course...with markets digesting tax plan and not free-falling on it...and WH agreeing to keep ACA subsidies in place makes Gov't shutdown/showdown less likely.

    Decided to go with some International exposure, as many analysts on CNBC have been hitting Europe for better growth...so went 50/50 I and S.

    Want to be invested going into early part of next week, THEN will re-evaluate.

    Quote Originally Posted by rspring View Post
    My thoughts are that we broke out of the 2353 channel to the upside, the vix is falling and there is talk back on about tax reform. If we get any confirmation on the tax reform I think we will have a blow off top. Time will tell.
    You might be right...decided to take your word on it.
    CURRENTLY 50% S and 50% I (as of COB 4/27/17)

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