Thread: Sensei's account talk

Uh-oh, I just took a look at Ocean's List, and saw that now only 41.35% of us remain on the sidelines (58.65% in CSI&Ls). That's about as bullish as I've seen the herd this year. Still a lot of people on the side, but I suspect that a few days of green will finally get the last of the bears to throw their hats in the ring. Last chance before May 1st, right? Careful with that axe, Eugene.

For those who might not have given up on the H&S scenario in the small caps and transports, here's a new perspective of it.

W45K 2013_04_10.png

Personally, I'd like to stay invested until the end of the month, and I'd like to see new highs blast through the arch. But if it starts acting as resistence, well, maybe time to bail.

All I see is a boot in the bear's butt. Keep'em on the run as they cover.

Birchtree, since I've been a member on this site, I've seen you mention how great it would be to see three days in a row of DOW triple digits. I'm ready to dial up a triple-triple. How about you?

As the early returns on our sentiment survey are overwhelmingly bullish, I find it amusing that Ocean's List shows the herd moved significantly out of stocks yesterday. Now 49% are in G or F. That's my kind of rally. April still has a lot of days left to convince Mom & Pop that the train is leaving without them.

Originally Posted by Sensei

For those who might not have given up on the H&S scenario in the small caps and transports, here's a new perspective of it.

W45K 2013_04_10.png

Personally, I'd like to stay invested until the end of the month, and I'd like to see new highs blast through the arch. But if it starts acting as resistence, well, maybe time to bail.

Sensei, Nice chart. I am a bit surprised that the small caps are under perfoming the S&P. The "I" is doing well for a change. Hopefully April can finish strong. May on the other hand is always a concern. If the "I" fund stays strong that might be the fund for May. Good luck.

Originally Posted by nasa1974

Sensei, Nice chart. I am a bit surprised that the small caps are under perfoming the S&P. The "I" is doing well for a change. Hopefully April can finish strong. May on the other hand is always a concern. If the "I" fund stays strong that might be the fund for May. Good luck.

Thanks Nasa. I posted the chart at the open yesterday, and by the close price was way outside the arch. The Wilshire is very close to new highs. If today follows through, you can pretty much throw this scenario out the window. I hope that's the case, as I am 100%S.

It seems every time I take a crack at speculative charting, the market throws me a curve. It's OK though. It's fun. If it helps others out, that's good too. Just keep in mind, I'm a school teacher, not a financial advisor or stock market analyst!

Watching the futures today is about as much fun as waiting in a long line in the hot sun to use a port-a-potty at a crowded event. Looks like an absolutely awful day on tap for those of us in the S-fund.

Gold, by the way, is down 6% right now. Barely above $1400. Maybe it's time to buy?

Originally Posted by Sensei

Watching the futures today is about as much fun as waiting in a long line in the hot sun to use a port-a-potty at a crowded event. Looks like an absolutely awful day on tap for those of us in the S-fund.

Gold, by the way, is down 6% right now. Barely above $1400. Maybe it's time to buy?

true, but its a long day still and we're still in an uptrend. Look for dip buyers

Originally Posted by clester

true, but its a long day still and we're still in an uptrend. Look for dip buyers

Already here, but $1200 might be a good time to buy over the next couple months

I'm feeling risky today. I'm going to start DCA'ing into this mining company. It's someplace in Africa, and I think the less I know about their background, probably the better off I am. They have been in a downward spiral for several years, and gapped down in epic fashion a few months back. At a little under 4 bucks a share, I suppose there is still quite a bit of room for further calamity, but they pay a hefty dividend. So that's kind of like an insurance policy if they continue to fail.

lnmiy 2013_04_15.png

I'm also chucking a little cash at SLV. I was on the fence between that and GLD. I'm sure I picked the wrong one.

I know I should be happy about recouping 1.7% of Monday's loss, but a kiss on the lips doesn't feel quite so good after being kicked in the teeth.