Rules:
- Trade what you see, not what you believe
- Don't put stuff in your signature that a Mod doesn't like
"Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle
Great Tools:
http://www.CreditKarma.com
http://www.Mint.com
http://www.SaveUp.com/r/nmJ
Rules:
- Trade what you see, not what you believe
- Don't put stuff in your signature that a Mod doesn't like
"Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle
Great Tools:
http://www.CreditKarma.com
http://www.Mint.com
http://www.SaveUp.com/r/nmJ
My expectations here are simple
Closing price above the lower red line @ 987 keeps me interested, under those conditions I’ll be looking for a breach of both the 20 & 50 SMAs this week. As previously mentioned, I’m looking for a minimum price target of 1,000 which is .90% from Thursday’s closing price. After a successful test of the 20-SMA in the 1,000 area, I’ll be looking to test the 50-SMA in the 1010 area, followed by a Fibonacci retracement bounce in the 1020 area, from which point I’ll definitely be looking for an exit, perhaps in early May.
For downside potential, a lower low on Monday, below Thursday’s close stands a fair chance of pushing me out on Tuesday’s traditional pop. I don’t have hard & steadfast rules for an exit, it is dependent on my impressions of the price action across the various indexes. I can say a close below 15-Apr’s 975 steers me towards thinking we will test the 5-Feb bottom at 939.
For guidance, watch the NASDAQ 100 & Transports, usually they lead the markets by a day when price action is mixed and uncertain. In addition, as of late, AGG has been a fairly reliable indicator as to the overall direction of stocks. Remember, the next month is around the corner, you may want to review my signature block, which has been updated with May’s stats.
Attachment 28260
Volume below from TNA
Attachment 28261
Last edited by JTH; 04-20-2014 at 09:36 PM.
Go for it JTH, I got my CCAF in 1993. Being the Shirt is a hard position, because it means it is ALL ABOUT THE PEOPLE. I recently got told, I'd probably wouldn't be a group superintendent because of no Shirt time. Oh, well...waiting for my Chief to retire to see if I get the position. If not, I'll probably retire after 26 years of fun!
Keep the financials coming, great insight.
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
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