Do you think S fund will go up anymore this week?
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Sorry, no crystal ball... but looking at S fund indicators and candle forming is indicating neutral to me...not sure. I never feel good being in market, but gotta make money somehow. The VIX indicates (via Stochastic) that it might be going up, which means inverse for stocks. But per MACD, its pointing down... so seems undecided to me. But, going up and down Is how the market moves to get where its going. Question is where is it going, and I don't know. :(
But...my decision is made, to stay in a little longer. Had nice gain yesterday, so I will hold a bit longer.
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Right now, tge 15 minute intraday charts indicate it is moving up. Will see how it does, crossing fingers and hope for best! I am trying to stick it out and not get so jumpy and drop out!
Best wishes to you all! F fund does look a little yummy...:smile:
Jumpy, but Sticky pants deployed.... I hate the Market and this call! :blink: Today is Options expiry (3rd Friday of each month) so a little volatility is expected. Looking at charts and technically nothing has changed, but I don't like candle formation....oh but C and I funds look to be crossing below 80 on Stochastics, but not just yet...wait to end of day to see what it does....
Equities might come down more next week, but Will see... hope I'm wrong. No Exit for Me. F fund looks like it could go up some. Dollar going up. oh and those long wicks on bottom are good indicating buyers stepping in...like that!
Best Wishes and Have a Great Weekend! :D:D:D
PS Haven't seen Whipsaw posting and no longer on regular tracker, so maybe he went to Premium service. Hope he is well.
Charts as of a minute ago.
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I am reducing exposure to 20%S Fund. S fund looks good but just so high... I made a little so getting out. Best wishes to All!
Charts
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I've also been following Coolhand's account talk - about NAAIM (and his charts). also keeping up with Ira's videos. and of course all of your charts DB!
I agree, markets look way to high; but, sentiment and big money remain bullish. I pulled back for a modest gain recently, and am awaiting another entry point. there will always be one - just don't know when. I see the market continuing to climb for the next 6 months (maybe even till mid next year) but, there has to be a significant pull back before long - we are way, way overdue. and of course there is the ever impending crash...
Mr. Ira is reviewing our Spydr ETF's before our cutoff daily with buy, sell, hold numbers for members and we weekly long term review. PM if you need more info. Not soliciting; doing all I can to build our teams wealth.
Hi MMK and Grimm, I also believe Market continues up mid-term ... Its a BULL! :D
But my entry on this current buy was at a high entry point, so as I felt fortunate to have made some money, just figure its best to pull out and wait for the next drop to catch the next wave. However, those pull backs seem very short-lived and hard to catch. Next week --Tues-Wed have FOMC meetings... not that I would think Fed will do anything to rock the boat, but I think I sleep better with just my toes dipped in for now. :rolleyes:
PS. I also like Ira Epstein, but have not watched him much since Christmas... I need to get back in gear. I Like Groktrade too! I like GrokTrade- Romulus' Thursday night 30 minute FREE webinars. He goes over SPX, IWM, etc. and tons of charts. I heard Ira was going to start giving signals for ETFs that track the Indexes that our TSP follows, but did not follow up on that. I also like to read Tom's daily commentary, plus charts and comments by Coolhand and Bquat and others. I have been trying to look more into spotting divergences that often mark reversals...Romulus often comments on that. Wealth Management's Rob Hoffman also comments on divergences.... It's great that Swavet mentioned free webinar going on this week featuring many speakers on market, options, etc.... he opened a Wealth365Summit thread with link.....free all week!
Exiting to G.
Charts. See some divergence with RSI and MACD. Both charts have rising bearish wedges, and price is hitting those resistance points.
Best wishes to you all! :D:D:D
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