Futures are up, but with all the volatility and not being at my desk during the day, going to hold off on jumping in... today...
Hi Whipsaw, I am eyeballing an entry tomorrow as well. My goal is to get in before Thursday, when GDP numbers are released. I think they should be half decent, but no idea what market will do. If Too low, market dives. Too high and maybe it still dives with fear of Fed rate hike...though that maybe dispelled at tomorrow's Fed news release.
Yep...missed scary Monday and just didn't want in today without some sense of direction. Probably should have jumped in today.
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Futures are up, but with all the volatility and not being at my desk during the day, going to hold off on jumping in... today...
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!
Hello Whipsaw, I decided to not jump in today. I just can never be satisfied... the market was going up and then I read something on another thread about GDP possibly being too low and so that made me think... gosh jump in high today and then end low tomorrow????...ugghh... I guess it was just not worth the risk and too busy at work to really decide.
In any case, I missed the Monday entry and I am just going to wait. If the GDP news is bad Thursday morning, then maybe an opportunity to jump in. If not, I will likely wait until next month. Oh well....
I really do not like to jump in on last day of month just because its the last day of the month. The indicators would need to be good and I doubt that will happen but who knows, maybe it will be my lucky day!!
Best wishes to you and to everyone on their investments!!!!!!!!
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Futures are mixed, market news is mixed, Yellen yellin' about rising interest rates, volatility, not so great seasonality going into August, China, what happened to Peurto Rico? Waiting to see some direction...
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!
Asian Markets are down as of this posting. We'll see where the futures take us...
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!
Out of pocket for a few days, holding position!
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!
Hmmmmmm....
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!
PikesPeakEast_150730.jpg
Pike's Peak, about a week ago
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!
One of the inhabitants there...
PikesPeakDeer_150730.jpg
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!
An awesome place, nice pics!
Looks beautiful WS. Glad you didn't get caught in any wildfires. We've had more than our share this year out west.
I will be watching the action on Monday. If the SPX can hold above 2034 and\or bounces above 2077 from where it's at, I'm thinking we could have a nice little rally coming up (short but nice). It's really interesting, the long term charts look like we've arrived at the crest of a very big wave, the shortest term charts (1 or 2 day) look bearish, the inverted megaphones look like big decision time. Of course, all that movement could turn out to be just that..the falling knife... The fear factor is extreme. So why do I feel like we are setup for a short term rally next week; maybe not Monday; but possibly Tuesday or Wednesday.
Here's a one month look at SPX:
Attachment 34766
The 18 day EMA still appears to above the 50 and 100 day SMA. MACD and RSI look more bearish than bullish (but the picture is sort of foggy), but the Vortex Indicator look like the waves are working to converge, a bullish sign.
I'm still holding my powder. F Fund was a good play this week. Tsunami and a few others played it that way and kudos to them. I was tempted but still feel that equities could have a better play this month. I'll be watching the news tomorrow for the market movers. All the best in your investing.
FS
FogSailing
Try to learn something about everything and everything about something.
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
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