Thread: Whipsaw's Account Talk

No move for me, markets headed back down with oil declining. Need to do some reading on the various websites this evening and get a better feel for what is going on post snowmageddon weekend.

Ugh...looks like we cannot hold spy index 188..nor could we hold Dow 16000, nor S&P 1900, and S Fund is selling off badly. I don't know what is worse...having to watch us retest the 1812 S&P level...or to watch that sucky CNBC blow happy feelings up our lower end or to tell the average investor to just let your money ride the correction down into a bear. This morning they posted a guilt article about parking your money to safety. Anybody have a site that really stays on with just the market instead of just bringing out the doomsday people when things are bad and the rosy people when things are going good?

Originally Posted by felixthecat

Ugh...looks like we cannot hold spy index 188..nor could we hold Dow 16000, nor S&P 1900, and S Fund is selling off badly. I don't know what is worse...having to watch us retest the 1812 S&P level...or to watch that sucky CNBC blow happy feelings up our lower end or to tell the average investor to just let your money ride the correction down into a bear. This morning they posted a guilt article about parking your money to safety. Anybody have a site that really stays on with just the market instead of just bringing out the doomsday people when things are bad and the rosy people when things are going good?

Marketwatch.com is pretty good, so is Briefing.com. I saw the selling at the open, but not the acceleration down to the close!

Thanks Whipsaw!

The latest out of the MarketStream is saying that there has been a lot of technical damage done and that the bulls have their work cut out for them. Expect volatility and large market swings. That said, I'm considering a short term play for the next down day, in then out, ala Burro The Burro-Ark is on target right now, I didn't get it and don't want to chase at this point.

Dow up more than 200 points as stock rally gathers steam - MarketWatch.com

Futures are down, but flat... From Marketwatch, A 2008 meltdown isn't expected, but there are lots of problems out there...

Here

Originally Posted by Whipsaw

The latest out of the MarketStream is saying that there has been a lot of technical damage done and that the bulls have their work cut out for them. Expect volatility and large market swings. That said, I'm considering a short term play for the next down day, in then out, ala Burro The Burro-Ark is on target right now, I didn't get it and don't want to chase at this point.

Dow up more than 200 points as stock rally gathers steam - MarketWatch.com

Been thinking the same thing Whipsaw, especially since Monday is the beginning of a new month and along with it comes 2 more IFT's.

Originally Posted by ravensfan

Been thinking the same thing Whipsaw, especially since Monday is the beginning of a new month and along with it comes 2 more IFT's.

So, a one or two day play this month, then set up for the next!

I'm calling for a nice bounce upward after the Fed concludes their meetings.

Frank

Markets are headed down as we type... maybe a short term play in the making.

Originally Posted by Whipsaw

So, a one or two day play this month, then set up for the next!

Exactly! Oil inventory estimates were higher than expected, which should drive the price of oil down even further and in lock step the stock market. Then Janet Yellen releases the FED statement at 2:00 pm Eastern. I don't think she backs off more interest increases in 2016, although I do think she will cut down of the number of times she will do it. Got about an hour to time this thing, so we will see what happens.

Note: If you haven't done so yet, It may be a good time to login to your TSP account and set up your security questions. That way you don't get caught fooling around with it at the last minute. I did it yesterday and it took about 5 additional minutes to login.