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Thread: FogSailing's Account Talk

  1. #1033

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    Default Re: FogSailing's Account Talk

    We were at 116 out here yesterday. made the mistake of taking the trash out with putting on sandals...Ouch..
    Today seems a bit milder today but not much..
    Take care of that AC. Folks who don't live here don't understand how critical it is..

    FS
    FogSailing
    Try to learn something about everything and everything about something.

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  3. #1034

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    Default Re: FogSailing's Account Talk

    OK, so we're finally getting the 30-40 point pullback i was expecting 2 days ago. It's sitting at 2818 right now. "IF" it slides under 2814, I expect to see 2807 or 2795 by close. That will make next week very interesting. Time to get the charts out and look at patterns over the weekend.

    Best to everyone in your trading.

    FS
    FogSailing
    Try to learn something about everything and everything about something.

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  5. #1035

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    Default Re: FogSailing's Account Talk

    If it breaks under 2975, there is further downside expected. Several theories out there but most say further downside will still be limited. Several I follow say downside range is 2740-2780 before the market moves positive again. Lots of experts still looking for SPX to hit 3000 by year end.
    FogSailing
    Try to learn something about everything and everything about something.


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  7. #1036

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    Default Re: FogSailing's Account Talk

    2975?

    Quote Originally Posted by FogSailing View Post
    If it breaks under 2975, there is further downside expected. Several theories out there but most say further downside will still be limited. Several I follow say downside range is 2740-2780 before the market moves positive again. Lots of experts still looking for SPX to hit 3000 by year end.
    Weatherweenie's Account Talk
    Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.

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  9. #1037

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    Default Re: FogSailing's Account Talk

    Quote Originally Posted by weatherweenie View Post
    2975?

    I'm guessing he switched the middle numbers since his earlier post mentions "2795".
    Thanks for the updates FogSailing Nice to see your analysis.

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  11. #1038

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    Default Re: FogSailing's Account Talk

    Quote Originally Posted by tom4jean View Post
    I'm guessing he switched the middle numbers since his earlier post mentions "2795".
    Thanks for the updates FogSailing Nice to see your analysis.
    My apologies guys. I transposed the 7 and 9. It should be 2795 which is potential Fib resistance.

    Sent from my VS995 using Tapatalk
    FogSailing
    Try to learn something about everything and everything about something.

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  13. #1039

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    Default Re: FogSailing's Account Talk

    Looks like we are in No Man's land this am. Given where Nasdaq is, and expecting a bearish reversal, the Sto looking not good, and oil churning, I'm feeling more sideways or downside before this thing takes off again. Today is a cat bounce at best. Still expecting 3000 SPX by year end.

    FS
    FogSailing
    Try to learn something about everything and everything about something.

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  15. #1040

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    Default Re: FogSailing's Account Talk

    I'm expecting the Fed to surprise and raise rates later today. Bonds are already starting to sink. But those Trump tariffs, what does that really mean...especially impose verse propose...
    Two short terms scenarios, we either head toward 2830 in a short squeeze or we don't and head down to 2750. A few minutes ago 8 of 12 sectors were in the RED for the day. I think the market will get a short squeeze and then down. The question is will the squeeze come today, or tomorrow? If the market heads down to 2809-2811, then I see a short squeeze this afternoon. VIX was up as of a few minutes ago. Right now, I'm holding until I get a better feel.

    FS
    FogSailing
    Try to learn something about everything and everything about something.

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  17. #1041

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    Default Re: FogSailing's Account Talk

    Had another thought...Checked the past info and market indicated a 94% probability of rate hike in Sept. Maybe Fed says they plan to hike in Sept, Dec, and again 3-4 times next year. They would likely spook the markets. Plus whatever Trump says on tariffs. I've decided to hold until the chop settles down. Best of Luck out there.
    FogSailing
    Try to learn something about everything and everything about something.

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  19. #1042

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    Default Re: FogSailing's Account Talk

    Short squeeze occurred up to 2841. So what's next? If it heads up, 2878 is the Fib pivot. Beyond and we're headed to new highs. Which is why I'm holding right now. Too close to the SPX highs. If it's a short squeeze, the market will retrace down to 2780 before rebounding. Waiting for a cheaper price to buy in.

    FS
    FogSailing
    Try to learn something about everything and everything about something.

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  21. #1043

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    Default Re: FogSailing's Account Talk

    Straight up or not at all. Still looking for 2887 as a high.
    Yellow flag below 2832 for bulls. Red flag below 2825
    It may be that the zip the tax cuts brought to the market may be fizzling out.
    And the fed isn't doling out money like the good old days.
    Many are saying the market hits 3000 by year end. Others saying a pullback to 2530 is in order by November..
    Take your pick.
    Staying minimally invested for now.

    FS
    FogSailing
    Try to learn something about everything and everything about something.

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  23. #1044

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    Default Re: FogSailing's Account Talk

    If this picture is correct, we're at or near the top for the time being..

    FS

    DoneSPX.jpg
    FogSailing
    Try to learn something about everything and everything about something.


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