Thread: Bquat's Account Talk

A little buying now. Hope it continues.

Originally Posted by BichonFreeze

I figured it's a 50/50 shot over next two days with FED reporting.

I don't know for sure but I feel the Fed may pass on the raise of interest rates talk while things escalate in the Mideast. Plus gas prices dropping should improve the economy outlook. Or is that a bad thing?

Has the F Fund had enough? Look at the last try to go positive (purple arrows). Tomorrow is the day to watch.

Should I surrender to the Bears. We did get back above support but the grey line is just below the (purple arrow) bounce line:

Don't sell here. At least wait for the Fed bounce on Wednesday. This is probably just a case of sell the rumor -- buy the news.

Bquat......I don't know for sure but I feel the Fed may pass on the raise of interest rates talk while things escalate in the Mideast. Plus gas prices dropping should improve the economy outlook. Or is that a bad thing?

Sure, lower gas prices help the consumer but it is only one factor.. The FED looks at a large amount of data to determine their outlook.
No one knows at this point what the FED statement will say on Wednesday.
To me, the FED may remove the "for considerable time" language from their previous statement to give them more flexibility next year, then Yellen will try to massage any Market downturn during her news conference with dovish talk... IMHO..

Keep up the great work on the charts !! Thanks.

Finally testing support from above:

Originally Posted by Bquat

Finally testing support from above:

Agree, accross the board it looks like support is trying to hang in there. Futures even making a bit of a come back. Wait and go with the lower low? Or give it a go with a small % C & I? Decisions decisions.

Originally Posted by BooDog

Agree, accross the board it looks like support is trying to hang in there. Futures even making a bit of a come back. Wait and go with the lower low? Or give it a go with a small % C & I? Decisions decisions.

I'm going with a spread of 50%. 20% C 20% I and 10% S. More $$ for more spending for the holiday run up. And a back up if I need it. Not as risky as I should be maybe but still put myself out there a bit.

Originally Posted by BooDog

I'm going with a spread of 50%. 20% C 20% I and 10% S. More $$ for more spending for the holiday run up. And a back up if I need it. Not as risky as I should be maybe but still put myself out there a bit.

Good and I'm not moving out either.

Spidey has been talking to his buddies lately and they want to pop: