I am going to take my chances and wait...
Good luck in whatever you decide to do.
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
I am going to take my chances and wait...
Good luck in whatever you decide to do.
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
Too late, will have to see what tomorrow brings.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
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%
Well the President will be speaking at 12:30 our time, where he is expected to announce his new pick for Labor Secretary. It is expected to be Alexander Acosta, so we will see how the market reacts. With that, we will see which way it goes. I also agree with Cactus that there is still a lot of money sitting on the sidelines and they are waiting for a pullback before they get in. That gives me hope of a pullback followed by a further rally.
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
With the continued weakness today, going to look at the EMAs for support at this point; it hasn't gone much below the 20 day in 3 months. Alevin's chart is a good indicator, which indicates we could be topping, or just prior to a top. Hmmmm....
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Yeah I'm looking at the same thing. I also looked at AGG (f fund) and using my crossover strategy, the 10 SMA has now crossed over the 20 SMA and that's a buy signal in my strategy. I wanted to be invested when the President announces his tax policy, but yesterday they announced that repealing and replacing Obamacare comes first and that plan would not be rolled out until early March. I guess they have to get rid of that first, because there are some tax penalties in Obamacare. With that said, perhaps a move from the S Fund to the F fund would be warranted until the first of March. Your thoughts???
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
It seems with the strength out there that a roll over would be unlikely, but who knows. I think there is allot of hopium in the rally since the election and inauguration, could be we need a pull back? Still, watching for the 20 day, worst case the 50, for a departure from the last three months of support at the 10 and 20. Holding position for now, don't want to sell at a loss again, and only 1 move left.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Okay, sticky pants deployed!!! Saving IFT until later in the month.
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
As Birchtree would say, its riskier being out of the market than in. Seasonal weakness on tap for this week I think is getting overpowered by the Trump Rally. We're at a new high today, suspecting last weeks weakness will be the new recent low... will a dip follow the new high? Here's an article on Yellen's yellin':
Yellen may have the clearest explanation for the stock market
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
100% S on what I think is a news driven dip, we'll see...
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Was thinking to do the same, but just couldn't pull the trigger today. May commit the other 50% to the C Fund tomorrow.
Looks like the dip buyers are going to keep us in the green...
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
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) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks