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How to exit
using Fibonacci Linear Regression Channels.

I don't often share the details of my IFTs, but since I've been on a tangent lately, I figured I'd show you the typical setup I look for. If it works for me, so be it, if not, then I'll adjust as necessary. This is the AGG chart I had going into Monday morning. Due to space limitations when posting pictures, when I show you Fibonacci levels, what I don't show are the projections. The grayish dashed line at ...

Normally, I be looking forward to things getting beared up again, but this market just doesn't feel right to me. Volume is pathetic and I think that's a big clue. Many folks (just look at our tracker) are staying away from the stock market. And many of those same folks are not in a gambling mood, and that's what this market seems to offer. Gambling, but at Lost Wages rates. Sure, risk has always been there, but not like this. High frequency trading, volatile action, and little SEC oversight have ...

Sunday brief, 15 August 2010
Fibonacci, Linear Regression, & Bollinger Bands.

Last week the bears came out in droves, but I still stand by my previous assessment. The longer we stay above 1069, the more bullish we'll get and the more likely the uptrend can continue. A break below 1069 and I'll look for the downtrend to continue, with a test of 1010.


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Here's this weekends look at how our fellow TSPers are positioned for this week:




The Top 50, while backward looking to some extent, still shows those folks sitting on a lot of cash. I am of the mind that much of that cash isn't going anywhere. Probably not for some time. I think what this says is that while it shows a large degree of caution, it also shows that folks know how difficult this market is to stay invested ...

Pullback begins

I am on vacation this week so I will make this quick.

Stocks started a more serious pullback last week, breaking the below the rising wedge. If you want more information on the wedge, please see the prior Weekly Wrap-Ups.

For the week, the TSP funds all finished lower as the C-fund lost 3.71%, the S-fund gave up 5.28%, and the I-fund fell 4.75%. Bonds (F-fund) rallied 0.30% and the G-fund added 0.05%.

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