This is the one that scares me...
The SPY looks more like a cup and handle than a rising wedge so I'm not as negative on it.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
This is the one that scares me...
The SPY looks more like a cup and handle than a rising wedge so I'm not as negative on it.
Tom
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Agree. DAX is even more extreme than that so was worried about a quick rapid downturn there.
Interesting on the S&P...yes it might look better as a cup and handle.
Other thing...also a bullish sign...might be an "Ascending Triangle"
Might have to use my 2nd IFT sooner rather than later if that's the case. Will have to mull over this one a little...
Ascending triangle.jpg
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Not liking my 1st IFT. Broke my rules and now I'm paying (by losing ground on the market).
I misread the charts I believe, and we might be finally setting up for a breakthrough (per below).
Will evaluate Thursday morning, but I don't want to fall out of sync with stocks too much if we're not in a downtrend.
Considering buying back in Thursday morning....maybe all S fund or 50/50 C and S. We'll see in the morning.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Going back in...a 3rd in each of C...S...I.
Want to keep a toe in each. I Fund may be the most overbought at the moment so will lower exposure just a bit there. C might have the most upside and has been outperforming S as of late.
Looks like breakout has begun as charts (Ascending Triangle or Cup and Handle) predicted.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Good luck on what looks like a good move.
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
For those foolish enough to be following my moves you might notice that even though I announced my move back into a 3rd of each fund (C, S, I) it is not showing up on the tracker this morning.
Might have had an explorer window freeze up yesterday morning when I tried sending my autotracker update yesterday. Am working to see if I can get it straightned out by COB today.
Otherwise for the record I did move into C, S, I yesterday (per signature below).
Got confirmation message from TSP.gov.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
I noticed your absence from the AT listing after your IFT post on your thread yesterday but figured you'd become a Premium Service Member.
Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
Past Returns: 2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%
Where did you pull those graphics and explanation of the ascending triangle pattern?
TSP: 2007=6.4%, 2008=(39.95%), 2009=30.96%, 2010=17.04% , 2011=(4.92%), 2012=17.74%, 2013=26.58%, 2014=5.39%
TSP Talk: 2015=???
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
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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