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Reply With QuoteWell, I lost a bit (missed out on some more gain) by leaving stocks a bit early.
But a look at this mornings Sentiment Chart still makes me feel OK about it.
Dumb Money Talking = Smart Money Walking =
Sentiment.jpg
Re: FireWeatherMet Account Talk
Locking in profits today and leaving my 50% S and 50% C position...going 100% F.
Stock surge past week and a half has been quite parabolic...mostly news driven, starting with expected certainty of an HRC victory Mon-Tue, followed by huge volatility and exuberance of what a deregulated DJT business climate could offer.
Now that news has set in, things have slowed and started to look like they might roll over a bit on the stock front, especially S fund which is right up near all-time highs (minus todays action). BTW these charts come from Tom's commentary, and he's shown some unfilled gaps in the red boxes.
At the same time in the past week and a half, the F fund has taken a huge plunge, on of the biggest I can remember and is so far below the 200 day MA that there is a very good chance we could see a short term "oversold" bounce back.
So with still having 2 IFT's in hand, I used my 1st to briefly exit into the F and see if we can get a short term spike-up, as the S fund (and maybe other indices) take a healthy breather and fill some recent gaps).
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Re: FireWeatherMet Account Talk
Well, I lost a bit (missed out on some more gain) by leaving stocks a bit early.
But a look at this mornings Sentiment Chart still makes me feel OK about it.
Dumb Money Talking = Smart Money Walking =
Sentiment.jpg
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Re: FireWeatherMet Account Talk
An interesting read from "The Oracle from Omaha" and why he's like the EF Hutton commercial of the 1970's. (lol)
For those who aren't that old...see below
Warren Buffet's 17 Year Prediction
Surprise! Warren Buffett turns out to be more prescient about stocks than politics - Yahoo Finance
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Re: FireWeatherMet Account Talk
Leaving 100% F and going in 50% S and 50% C by COB Today
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Re: FireWeatherMet Account Talk
Originally Posted by FireWeatherMet
LOL...I knew you were going contrarian and into the markets before I even opened your post.
Re: FireWeatherMet Account Talk
I was pretty close to pulling the trigger myself.
In Dog Beers I've only had two.
Re: FireWeatherMet Account Talk
REALLY?
Re: FireWeatherMet Account Talk
Up 4 straight days...
Thinking of using 1st IFT of month to take a brief breather.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Re: FireWeatherMet Account Talk
Got my IFT in with a few minutes to spare this morning.
Leaving 50% S and 50% C...and going 50% G and 50% F.
This might be just a short term, 1-4 day play...we'll see. Whenever we're up more than 3 days in a row, its rare that we don't kick back towards the lower end of the rising trading channel, even in a still rising market. I'm still medium to long term bullish.
Tom has a nice chart of the S&P channel in his daily discussion...and that end candlestick was before today's 0.52% rise.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Re: FireWeatherMet Account Talk
Using 2nd Feb IFT to go back into stocks. 50% C and 50% S COB Today.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Re: FireWeatherMet Account Talk
Not liking to move on a "quadruple witching Friday" but I have to respect the charts showing cracks for sometime, including the Dow Transports leading the downturn, and S&P showing a possible double top crown.
Will use 1st IFT to go 100% G.
Often I go into safety with 50/50 G/F but with rising rates I might not sleep well in that scenario.
Last edited by FireWeatherMet; 03-17-2017 at 10:54 AM.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Re: FireWeatherMet Account Talk
Whew!!!
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
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