Re: Whipsaw's Account Talk
While closing lower yesterday, the S&P500 remains above the lows of March and April. The new critical level to watch is 2360. As long as we stay above that, we will be okay...
Also, the market is now being driven by politics and I think enthusiasm for the Trump agenda is waning. All Congress needs to do is pass some Trump legislation and the animal spirits that drove this market to new heights will be back with a fury...
In the meantime, I will be keeping an eye on that 2360 level...:rolleyes:
Re: Whipsaw's Account Talk
Futures are up, the President is leaving the country so hopefully the DC Drama will calm down. Looks like we're at the bottom of channels, some good earnings reports out there, though there is concern for the retail sector... may be moving in today... :scratchchin:
Re: Whipsaw's Account Talk
Quote:
Originally Posted by
Whipsaw
Futures are up, the President is leaving the country so hopefully the DC Drama will calm down. Looks like we're at the bottom of channels, some good earnings reports out there, though there is concern for the retail sector... may be moving in today... :scratchchin:
Nice rally taking shape today and the market appears to like the DC drama calming down. Good luck in whatever you decide to do today. :banana:
Re: Whipsaw's Account Talk
Re: Whipsaw's Account Talk
Imagine a TSP where an ITF can be processed at the point of submission, in the morning, or the afternoon... TSP IFTs, a system barely alive... We have the technology, we can make it better than it is. Ahhh to have submitted this IFT this morning, the gains for the day! :rolleyes:
Of course, I should have just went in on Tuesday (like my friend RF did, without notice I might add... (psst... hey RF... nice move :fing02:)
Re: Whipsaw's Account Talk
[QUOTE=Of course, I should have just went in on Tuesday (like my friend RF did, without notice I might add... (psst... hey RF... nice move :fing02:)[/QUOTE]
I'm sorry Whipsaw. There was no malice intended. I had been wrestling with the decision whether or not to enter all morning. I was convinced that if we saw a 300 point drop in the DOW it may be a great time to get in. All that morning the lowest we ever got was down 274 points. Finally as the deadline approached, I decided to throw caution to the wind, take the 274 and see what happens. I was very surprised when the DOW closed down 372 points.
So I'm hoping we both make a killing next week and just an FYI I'm thinking to exit next Friday but will need to consult me crystal ball before I do...Something about an infrastructure agreement is in the back of my mind...
Re: Whipsaw's Account Talk
Nothing to be sorry about. It was a great move. I wanted to do it too but read too many conservative things.
Besides, I wanted to wait and see if URinate or a dog and lucky dog it is! :smile:
Re: Whipsaw's Account Talk
No worries RF, just a good natured ribbing! :D Thanks for all your insights and tippers! You connected on a big swing for the fences on that one. :beerchug:
Re: Whipsaw's Account Talk
Thanks Whipsaw. I like it when all boats rise, especially the old gang from burros ark, so I will be rooting for you next week.
Speaking of next week, here is another tidbit of info. As you know, the C and S funds just finished the week down. That's two weeks in a row for the C fund and 3 weeks in a row for the S fund. I had to go all the way back to June of last year to find where both of those funds finished down 3 weeks in a row. (I think it was just prior to the Brexit vote) I did not find any info on 4 down weeks in a row as I have only been tracking weekly returns since the beginning of January 2016. But that puts the odds in our favor that next week will be positive.
Have a great weekend!!! :D Now let's make some money $$$
Re: Whipsaw's Account Talk
Re: Whipsaw's Account Talk
Futures are UP! :D Kudos to RF for his lightning raid on the recent weakness. Looking for another day or two of strength if we break out, then possibly taking profits and resetting for June.
Re: Whipsaw's Account Talk
Three sectors I'm looking at. Oil could head to the 52.50 area but inventories wont be know for a few hours. But metals (GOLD) looks ready to head higher which isn't good for equities generally. Also the YEN continues to strengthen which is generally not good for US equities. lastly, we have FedSpeak coming up...I'm starting to think on balance that it may be time to get out.