I went 50 G, 25 C and 25 F for the same reason.
Interesting S&P 500 chart analysis from Rob Mareno, as told by Jim Cramer on Mad Money.
Buckle your seatbelts....could be a wild ride (down).
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Used 2nd Oct IFT to leave safety and go back into stocks. I'm not crazy over where the market is now, and am prepared to exit Nov 1st if its a decent Up day.
Leaving 100% G and going 100% S COB today.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Looks like a decent day so far.
After going into the S fund COB yesterday, I think I will be making another IFT 24 hrs later, 1st Nov move back to safety in the G.
S fund up over 1% so far, so just in general, locking in a 1% gain, with another move available back into stocks, is almost always a good deal.
But a few other things...VIX is nearing year long lows, so complacency is high.
And some chartists are predicting that the SP is at critical levels that could lead to a significant breakdown (below, from about a week ago).
https://www.cnbc.com/video/2019/10/2...im-cramer.html
So with the "One hand on the fruit is better than two hands in the bush" philosophy, I will take my +1.2% gain for Nov (if market holds) and run, for now, but be on the lookout for a lower price in the next 4 weeks to buy back in.
Leaving 100% S and going 100% G COB today.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Not trusting China Deal, using 1st IFT to briefly exit from S and into G.
I've seen this movie before, seems to end badly.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Lol...just read some summaries about the China deal. I agree with you, this script has been read through before. Maybe they rewrote the ending but I will believe it when I see it.
Figures,
Just now China and US announce Phase 1 deal that includes eliminating Tariffs.
https://news.yahoo.com/china-says-ag...153335991.html
Well, hopefully We'll get a big pop in stocks these last 3 hours to lock in.
Will look to get back in on the first down day next week.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Agree. Tariffs being lifted is a big thing, but this is the same deal we had on the table in October, and as I mentioned in today's commentary, that was 2000 Dow points ago.
My question is, how many more Dow points is the deal worth - or has it been priced in? A sell the news reaction is very possible but here we are heading into the strongest seasonal period of the year so it's not an easy call whichever way you go.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Not only seasonal strength but the Fed also this week said that they are on a glide path on no hikes even if inflation does creep up and that they are ramping up the repo ops even more before the end of the year. Yes I know they say that doesn't affect anything but since their announcement late September the market has gained as you said 2000 points so I believe some how it does.
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