The best policy in a bull market is to close your eyes and just do it - buy.
Yeah, Oscar has been whipsawed badly this year.
As far as being a buyer here goes, I talked about it in today's commentary. The risk / reward is good. We've just moved back above the 50EMA, and if we fall back below it, you take the small loss and get out.
When the S&P crosses back above the 50EMA, it tends to stay above it for a while longer. I'm thinking we have 2 or 3 weeks of upside left. It could be a double top situation.
The blue arrows below show similar spots - Small consolidation after crossing above the 50EMA. Also, the S&P is just breaking above the October highs. That's a pretty good 4 month consolidation. The problem is if we are just making a right shoulder of an H&S here (with October's high being the left). But 3 closes below the 50EMA, and I'm out again.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
The best policy in a bull market is to close your eyes and just do it - buy.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Damn transfer limits! I wish I didn't have any left in Feb. The only reason I do is because I missed the rally the last couple of weeks.
I think James was going to go through the numbers after we get the December costs, and do some kind of cost report. He's suggesting costs will have risen since the limits were put in place. That will be great info to post in our blogs.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Careful there Tom, one day someone might start a thread railing against the 2 IFT limits...
Don't worry, you get to make two more moves in March... I remember once a very smart guy suggested giving us 24 moves throughout the year instead of 2 per month...
To stay on topic here... looking at the 20 and 50 sma's, things don't look great for this week... but I have been proven wrong more than once.
Which one of you nuts has got any guts? -- Randle P. McMurphy
... stupidity will always find a way. -- Nnuut
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
Still in Vegas, so haven't been watching the markets till now. First impression is a failed attempt at 61.8 Fib, now going to test the 38.2 Fib at 1085ish. Anyone agree?
Attachment 8490
Last edited by JTH; 05-15-2011 at 04:04 PM.
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
... great info, Tom and everyone else! The Fib #'s from the 1044 low pivot to yesterday's high pivot of 1112 suggests the 38.2 fib retracement lies at 1086'ish. Obviously that's splitting hairs since this can happen easily between today's IFT and tomorrow's IFT deadline... today or tomorrow?!
... too funny JTH, thinking the exact same thing and was typing mine same time as you... yes, I agree, but it could happen today or tomorrow AM.
Hourly S&P 500 looking 4 support with the potenial 50/200 EMA Golden Cross. If this holds, that gets me bullish, if not, well than I was right all along.
Attachment 8491
Last edited by JTH; 05-15-2011 at 04:04 PM.
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
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