Page 66 of 98 FirstFirst ... 1656646566676876 ... LastLast
Results 781 to 792 of 1171

Thread: FireWeatherMet Account Talk

  1. #781

    Default Re: FireWeatherMet Account Talk

    Feeling good now about locking in profits yesterday.

    As always, the trick is "WHEN to get back in".
    In my system (which I don't stick too often...sadly for me) it would get me back in today, locking in a better than 0.50% gain on the major indices for the month.

    But it seems recently these downturns off the first bottom have a bit more amplitude, often testing the old bottom.
    Tom, in his evening analysis, identified some open gaps that will probably get filled that might serve as a better "buy in point". (below).

    CURRENTLY 100% G (as of COB 03/18/2024) 1st March IFT

  2.  
  3. #782

    Default Re: FireWeatherMet Account Talk

    Thought about jumping in today, and locking several percent gain on the market. Actually made the IFT, only to discover I was a few seconds too late, so I ended up cancelling it.
    There is still another gap lower I believe, and that would test the previous lows...so maybe missing todays IFT was a blessing in disguise (lol).
    CURRENTLY 100% G (as of COB 03/18/2024) 1st March IFT

  4.  
  5. #783

    Default Re: FireWeatherMet Account Talk

    With todays dropoff maybe it was good I missed yesterdays IFT to go back in. Now down 4-5 days, that's usually a good chance for at least a short turn uptick.

    Jumped back in this morning, 50% C and 50% S, by COB today.
    CURRENTLY 100% G (as of COB 03/18/2024) 1st March IFT


  6.  
  7. #784

    Default Re: FireWeatherMet Account Talk

    Uh-Oh....Oscar not liking todays action on the charts.

    https://www.youtube.com/watch?v=F9onYDqIkjY
    CURRENTLY 100% G (as of COB 03/18/2024) 1st March IFT

  8.  
  9. #785

    Default Re: FireWeatherMet Account Talk

    I was just looking at that bear flag on the transports and then I saw your link to Oscar. I'm glad I'm still on the pad.

    There is a lot of information there but, for those of you that don't watch these links very often, I highly recommend you watch this one. Even if you choose to stay in equities there is a lot of good intermediate term information given.

  10.  
  11. #786

    Join Date
    Sep 2006
    Location
    Rocky Mountain High
    Posts
    6,960

    Default Re: FireWeatherMet Account Talk

    Yep, I think we are going to retest the lows. Hopefully we don't make new lows. Not at all confident.
    Quote Originally Posted by FireWeatherMet View Post
    Uh-Oh....Oscar not liking todays action on the charts.

    https://www.youtube.com/watch?v=F9onYDqIkjY
    Weatherweenie's Account Talk
    Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.

  12.  
  13. #787

    Default Re: FireWeatherMet Account Talk

    I am with you on that WW! It's not looking good at all.
    Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410

  14.  
  15. #788

    Default Re: FireWeatherMet Account Talk

    Wx Weannie and DA,

    Regarding "testing the new low", I think we have gotten there today, this morning, in one fell swoop. (See S Fund Chart below)

    In my "perfect world" we would hit this bottom intraday, and bounce off it during the last hour or 2, erasing at least half the loss, and start a new uptrend.
    But...the world is never "perfect) lol. We'll see.

    S- Fund.jpg
    CURRENTLY 100% G (as of COB 03/18/2024) 1st March IFT

  16.  
  17. #789

    Default Re: FireWeatherMet Account Talk

    Good video (Thanks Norm).

    https://www.youtube.com/watch?v=TRAljeChWDs

    Interesting. Oscar making comparisons between now and 2008.
    Seems every major crash into a Bear Market has its own catalysts.
    2007-2009 was "Real Estate Bubble merged into Bank Near Collapse via Toxic Assets".
    2000-2002 was "Tech Bubble merged with terror/war (2001-2002).
    1973-74 Crash was "US removal of Gold Standard, Oil Crisis, causing Inflation/Stagflation and Political Uncertainty (Watergate).

    So if we are at another precepise, are there any major factors of similar magnitude to the ones mentioned above?
    How about "Massive Projected Deficits Forcing Fed to Fend Off Inflation by Raising Rates, Trade Wars, Political Turmoil (Russia Probe Heating Up)?
    That...combined with the fact that this bull cycle has been ongoing for 9 years and we are already close to a natural peak?<br>

    A look at history is good because those who forget the lessons taught by history are bound to repeat what those lessons taught us.
    CURRENTLY 100% G (as of COB 03/18/2024) 1st March IFT

  18.  
  19. #790

    Default Re: FireWeatherMet Account Talk

    ... Not to mention the corporate debt bubble.

    https://www.zerohedge.com/news/2018-...te-debt-bubble


    Quote Originally Posted by FireWeatherMet View Post
    So if we are at another precepise, are there any major factors of similar magnitude to the ones mentioned above?
    How about "Massive Projected Deficits Forcing Fed to Fend Off Inflation by Raising Rates, Trade Wars, Political Turmoil (Russia Probe Heating Up)?
    That...combined with the fact that this bull cycle has been ongoing for 9 years and we are already close to a natural peak?<br>

    A look at history is good because those who forget the lessons taught by history are bound to repeat what those lessons taught us.
    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.

  20.  
  21. #791

    Default Re: FireWeatherMet Account Talk

    Fading this 2-3 day monster rally. Doesn't feel like the bottom yet especially given all the Washington uncertainty still in the air, and after watching CNBC's Fast Money's Carter Worth, he laid out some pretty good points on why there is likely more to go.

    Using 1st Dec IFT to exit S and C funds, shifting all into F, COB today (Dec 28).

    BTW, this is a Fibonacci Retracement I did a week ago on the S&P, based on medium term bottom and tops. Notice where we are now near 2487 around noon EST, piercing the 1st 2 levels with 2254 being the next.

    Fibonacci.jpg
    Last edited by FireWeatherMet; 12-28-2018 at 11:10 AM.
    CURRENTLY 100% G (as of COB 03/18/2024) 1st March IFT

  22.  
  23. #792

    Default Re: FireWeatherMet Account Talk



  24.  
Page 66 of 98 FirstFirst ... 1656646566676876 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P500 (C Fund) (delayed)
FireWeatherMet Account Talk
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
FireWeatherMet Account Talk
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
FireWeatherMet Account Talk
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
FireWeatherMet Account Talk
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes