A market mover later today could be the 10 year and 30 year bond auction.
Entered S Fund 100%. Just looks like a leg up after the pounding for last two weeks. Will see how this pans out. If it doesn't I may need to see about going to buy and hold and stop looking at market all together.
Looking at chart, it's clear price broke through above where I thought a right shoulder might form. What I like is that RSI has gone above 50, and price is now above the 10 EMA. of course along with both Stochastic and MACD 5.9.2 rising above their signal lines two days ago.
Dwcpf.jpg
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
A market mover later today could be the 10 year and 30 year bond auction.
DB don't beat yourself up. if we could see into the future - we wouldn't need to be trying to figure out all these charts and stuff. I used to follow business cycle theory. that has gone somewhat to pot because of all the artificial involvement of each of the worlds major governments. one thing that has been the same - the economy and market are not exactly tied together. so, the market can be up while economy down etc. they are normally 90degrees out of phase with each other so the economy lags the market slightly in the long run. Before business cycle, I tried last month's best fund and before that followed the market day to day and lost my pants. i've made more following people like yourself, and a few others on this website. there is a lot to be said for buy and hold - but, you still need to see the entry points to start and exit points to protect what you've earned. and (i may have this backwards) but, someone said something like... pigs get fed, hogs get slaughtered. so again, don't beat yourself up - doing great in the long run.
The widely watched 10-year Treasury auction of $38 billion in notes Wednesday was met with adequate demand. The result eased concern among traders that the country’s growing debt burden would be too much for the market to bear, which would hit bond demand and force yields even higher. The10-year yield remains slightly lower at 1.51% following the auction.
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
Oh oh... didn't mean to hurt anyone's feelings. Sorry about that Raven... I am always happy to hear you and everyone opine! I must admit, I am feeling a bit sensitive today. I blame it ALL on female hormones! Can ladies still get away with that politically incorrect excuse?? Well... I am trying, but all things real... this is more due to being mad at missing out! ugghhhh. ok...will go crawl under a rock and sulk some more until I see a lil green... that tends to cheer me up! Actually, just the thought of green makes me cheer up! I guess I should not look at the futures...ha...couldn't resist...Will wonders ever cease? Its a lil green right now!
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Pilots have a saying... Better to be on the ground wishing you were in the air than in the air wishing you were on the ground.. Don't second guess yourself. The market marches on and in a few weeks you'll be back. Just think, you could be like me and out of the market for ten years.
Thanks KB! Glad to hear your now investing in the market! Long term you will do well in the market, even with a mid term strategy or longer term buy and hold method because we are still in a long term Bull market. Obviously no one can know with certainty when it will end, but I have heard on FBN it could go another five years or so. I listen to Romulus at Grok Trade and he has mentioned 18 months...and maybe longer and this year its supposed to be more volatile with more instances of short term drops like we experienced in February and possibly even some short term drops that are more severe.
In any case, Friday looked great and I'm glad I stayed in. The drop in NAAIM exposure had me thinking twice about staying in, but the day ended well and I resisted letting something that is not currently part of my methodology sway my decision. I may eventually incorporate it and give it some weight, but for now I am sticking with my reading of charts and selected indicators.
A good friend suggested I write this down and keep it handy!
Rules:
1. No matter what I am going to Stick to My Strategy
2. If I begin to doubt myself, read rule #1
3. No matter what happens, gain or loss, I will be Happy with the outcome because it was my decision and mine alone.
Obviously after a few months of FOLLOWING my actual strategy, I can tweak it if necessary, but I need to give it a fair chance.
Best wishes to you and Everyone* on your Investments!!!
Last edited by DreamboatAnnie; 03-13-2021 at 11:41 PM.
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Here are Weekly Charts.
Dwcpf.png
SPX now.png
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
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