Thread: DreamboatAnnie's Account Talk

Charts
Attachment 48711

Attachment 48712

I forgot about noon... So I'm still in.. Oh well.. Easy come easy go.. Again, I've lost way more money being out than being in so.. Who knows.. Good luck everyone.. Don't do what I do.. Lol

just switched 100%G probably going to take off now.

The 50 DMA seems to be holding again today on the $DWCPF S fund

Charts. Looks better now than it did this morning.
S fund seems to be holding around the 20 SMA (Bollinger band mid-point).
S fund has lower high and a slightly higher low ...price near the BB mid-point so seems to be looking for direction... so neutral.
C fund is better with higher high and apparent higher low with today's candle.

Best wishes to you all!

Dwcpf.png

SPX now.png

100 g today.. I'm on vacation.. Don't want to think about it.

KB, I don't blame you. Market can be irritating.

Charts -S fund moving down, while C fund continues up.

Dwcpf.png

SPX now.png

While not shown on chart above, checkout this chart.... the price has dropped below 50 Simple moving average on S fund (lime green dotted line). Also, looks like 20 SMA is close to crossing below 50 SMA (not yet crossed).
That is considered by some to be a significant cross over. However, many pros say you should not use a single indicator/crossover for moves.
https://tradingsim.com/blog/50-day-moving-average/


Dwcpf.png

Originally Posted by DreamboatAnnie

While not shown on chart above, checkout this chart.... the price has dropped below 50 Simple moving average on S fund (lime green dotted line). Also, looks like 20 SMA is close to crossing below 50 SMA (not yet crossed).
That is considered by some to be a significant cross over. However, many pros say you should not use a single indicator/crossover for moves.
https://tradingsim.com/blog/50-day-moving-average/


Dwcpf.png

Good Chart! I bookmarked it for use. I see that the only two sectors that are positive today are consumer staples and utilities. All other sectors are in the red. That smells bad for the market going forward for me since I am pairing this with market advancer/decliners and New Highs/New Lows which have all been pivoting to Kramer's SELL...SELL...SELL. LOL. Feels like a dead cat bounce is coming...but to me it is an opportunity to sell sell sell. Market top is in and I'm going to call it here. Think we will flounder around but in the end...believe rates and inflation are going up. Bigger correction on the way after a dead cat bounce. We may meander around for a few weeks...then the big drop.

Originally Posted by felixthecat

Market top is in and I'm going to call it here. Think we will flounder around but in the end...believe rates and inflation are going up. Bigger correction on the way after a dead cat bounce. We may meander around for a few weeks...then the big drop.

Quite the call there. S&P hasn't even broke the 50 DMA yet and we're top calling.

Increased cases, new lockdowns in Europe, delayed openings elsewhere, Astra Zeneca concerns all weighing on markets right now. In addition, a bit of superstition from those who think it will magically end because we're right around the one year anniversary.