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Reply With QuoteS&P broke through its 200 day moving average today. That can't be good...
Re: Whipsaw's Account Talk
The Right Side of the Chart video last night on youtube made a good case for not being long right now as there is significant risk based on long term trend lines breaking and bearish crossovers in the PPO(?; akin to MACD). If you haven't checked it out, I recommend it. From the lily pad...
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!
Re: Whipsaw's Account Talk
S&P broke through its 200 day moving average today. That can't be good...
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
Re: Whipsaw's Account Talk
Originally Posted by ravensfan
Not looking pretty right now.
;swear
May the force be with us.
Re: Whipsaw's Account Talk
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!
Re: Whipsaw's Account Talk
Looks like the bear flag on the S&P has just took out the 200 day moving average....probably quick test of 2569 before bouncing...or if not...bull is dead.
Re: Whipsaw's Account Talk
May have bounced at 2590... DCB?
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!
Re: Whipsaw's Account Talk
Definitely, but I bet it does not hold for very long. Probably head lower this afternoon.
Re: Whipsaw's Account Talk
I think it's just the typical "whipsaw" to keep us offgaurd.
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%
Re: Whipsaw's Account Talk
Did somebody say Whipsaw?
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!
Re: Whipsaw's Account Talk
Hanging Man?
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!
Re: Whipsaw's Account Talk
Futures are down... although what I think would be good for the market (economy, jobs, low unemployment, etc.) I think is looking to drive up interest rates to stem inflation, still, same song. Maybe why the weakness; the FED speaks again today apparently. Hmmmmm... have moved to capital preservation in another account; I thought I heard Bob Brinker of money talk say we're looking at a bear market going forward... we are bouncing on a line of support that has been in place since Feb, could be interesting 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!
Re: Whipsaw's Account Talk
Interesting...
"This one man may be to blame for the recent weakness in stocks, says analyst"
https://www.marketwatch.com/story/th...yst-2018-05-03
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!
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