Thread: FireWeatherMet Account Talk

F Fund is surging upward today.

I think I found my option.

Unless something dramatic changes in the next hour, going in 100% F.

Originally Posted by FireWeatherMet

Is This the End? (of Bull Run)

Over the past few months the biggest threat to the Bull Market run since 2009 was thought to be the specter of the US Fed raising rates (a fraction) lol
Now 2 much bigger things ongoing:

1) Chinese stock index crashing 20% into correction territory.

2) GREXIT - and possible contagion thru Europe.

All I can say, is that if the Chinese stock market crash,...Greece/Euro exit threat with banks closed...and threat of Fed rate hikes...are not enough to end this bull run, then nothing will!

Originally Posted by FireWeatherMet

My favorite part of Mad Money is when Cramer brings in the Fibonacci Queen Carolyn Borodin to do an "Off the Charts" analysis.

This one should be of interest to everyone here.
It looks at the long term pattern of the S&P, and answers the question are we at a long term top and if so, what levels to watch out for. Click "play" on video.
S&P must not fail at 2137...or else...

Off the Charts: Key levels in S&P 500 & Dow Transports | Watch the video - Yahoo News

This chart analysis on Mad Money from 3 weeks ago, from the Fibonacci Queen seems to have nailed it so far...worth seeing and heeding what her charts say in the end.

One thing the video showed was that if we can't hold at 2067 on the S&P...then look out below!
Its holding barely, for now...but...

Cramer Chart.jpg

2063 now

Originally Posted by FireWeatherMet

This chart analysis on Mad Money from 3 weeks ago, from the Fibonacci Queen seems to have nailed it so far...worth seeing and heeding what her charts say in the end.

One thing the video showed was that if we can't hold at 2067 on the S&P...then look out below!
Its holding barely, for now...but...

Cramer Chart.jpg

S&P closed at 2057. Must be a Fibonacci meltdown.

Originally Posted by weatherweenie

2063 now

Originally Posted by Skorcher

S&P closed at 2057. Must be a Fibonacci meltdown.

Yup,

Means another leg down, according to the charts.

You did good today WxW...will be interesting to see what final pricing of F fund comes out to.
I'm a day late on it, but according to the charts (below) there is plenty of upside to the F right now.
Still well below its 200 day EMA....plenty of room to run (2-3%) if this is going to be a month long bear market for equities.

F-Fund.jpg

Thinking of buying today on any positive action?
Cramer says don't be the "dumb money".

Cramer: Danger alert-don't buy on the market dip - Yahoo Finance

Originally Posted by FireWeatherMet

Sitting on the -G- Lilly pad right now, with a 2nd IFT in hand for next 2 days.

Plan on waiting to see how F fund reacts...and if tis up, might go F and carry that into early July.

If F find is tanking also, then most likely will remain in G, al least till Greek referendum vote.

But, a 3rd strategy, requires a little balls, is if we have a Mon and Tue selloff, buy in Tue to take in effect COB. Reason is polls show Greeks might vote for austerity.
And this poll was just before Greek banks closed.


Greek opinion poll shows 57 percent favor deal with lenders

Greek opinion poll shows 57 percent favor deal with lenders | Reuters

Like your thinking.
Right now it looks like Tue will be basically flat but if there's another big selloff I will probably jump back in.
Good Luck!

The futures indicate a lot of dumb money is buying at the open.

Originally Posted by FireWeatherMet

Thinking of buying today on any positive action?
Cramer says don't be the "dumb money".

Cramer: Danger alert-don't buy on the market dip - Yahoo Finance

Thanks for posting the Kramer news article FWM. That puts real perspective on the global situation. Still holding on the Lily Pad.

FS

He probably doesn't want the competition buying on the cheap.

Originally Posted by FireWeatherMet

Thinking of buying today on any positive action?
Cramer says don't be the "dumb money".

Cramer: Danger alert-don't buy on the market dip - Yahoo Finance

Originally Posted by weatherweenie

He probably doesn't want the competition buying on the cheap.

Good one..

While I agree with many of his points he laid out, it's still hard for me to take Jim seriously after the firm he said was fine went belly up within a couple days of that pronouncement.

You know we have DOOM and CRAP on our boards. Wonder what DOOJ (Do the opposite of Jim) returns would look like?

Jimbo says sell, DOOJ signal - buy-buy-b-b-b-buy!!!