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Re: DreamboatAnnie's Account Talk
Hi here are today's charts as of a few mins ago. Yep, yesterday closed down and today's a stinker as well. The I fund is now riding the lower Bollinger band down and S fund looks like it might follow as it is now touching the lower band. C fund looks to be in the best position, and it's not looking that good.
Notice the 10 MA crossed below 20 MA yesterday, and price fell below 50 MA. But it can bounce...no telling. I probably will not enter until next week, but will see.
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Re: DreamboatAnnie's Account Talk
Here is 2021& 2018 S fund chart ...look at from November to December. My comment meant to emphasize that it was a roller coaster and December was a stinker. S funds been a roller coaster and range bound all year until last few weeks.
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Just as FYI.. There was a Santa rally in 2018 but it didn't start until the day AFTER Christmas. That was a humbug year! :(
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But it does look like this might bottom next week. Will see..
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Hope you are looking forward to a beautiful day tomorrow. I am busy and starting to prep sides and Turkey to throw in oven early tomorrow morning. Will make the pie crusts in a bit to bake a Cherry and Pumpkin pie this evening. yum.yum.... :D:D:D
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Here are charts for today. Starting to look better!!! S fund has price that has now risen above 50 MA and Slow stochastic has crossed above its signal line headed up, but still under 20. Looks like it's close to entry point. Just hoping it's not a DCB. Best wishes to you all!! :smile:
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Happy Thanksgiving!
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opsey! dup deleted! :smile:
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Here are charts as of a few mins ago. Well... I had heard news of Covid variant issues in Africa and Europe. FBN reports this is what is affecting market. That may be true, but I am bothered by S fund having larger drop than I fund. Thinking, why would S fund small and mid-caps be affected more than I fund, as you would think they have the larger exposure at this time. If you have an idea on that, please comment.
Also noticing S fund price has now dropped through support of the longer-term lower (blue) trend line that goes back to Feb 2021. So, wondering if this drop has legs??
The decrease since the high of about 2298.83 on 11/5 is now at -7.67%.
I wanted to enter when I first saw drop, but will hold off again. :( Will revisit this on Monday. Market closes today at 1PM ET, but our IFTs still cut off at noon ET.
Hope you had a happy and blessed Thanksgiving! :smile:
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Re: DreamboatAnnie's Account Talk
No idea why S fund is lagging behind the I fund today but so much for this historically being one of the better weeks of the year. Hopefully this is just a one day flush sale and next weeks "historically bad week" does not materialize.
Hope you had a great Thanksgiving!!!
Re: DreamboatAnnie's Account Talk
Hope you had a good Thanksgiving too Ravensfan! I was just reading your post on your thread and just to confirm, today is 2nd Thanksgiving! LOL. :laugh:
I recently re-watched Lord of the Rings, Fellowship of the Rings, Extended Edition. Wow! So beautiful! So epic! Ran 3 hrs, 50 mins long...woooo.. Definitely took intermission breaks but well worth it. So next up is the 2nd and 3rd. Want to refresh before I start watch the Hobbit Trilogy. yes, I know Hobbits take place before LOTR, but I must re-watch as it's been more than 10 years since I watched Lord of the Rings trilogy.
Re: DreamboatAnnie's Account Talk
Quote:
Originally Posted by
DreamboatAnnie
Here are charts as of a few mins ago. Well... I had heard news of Covid variant issues in Africa and Europe. FBN reports this is what is affecting market. That may be true, but I am bothered by S fund having larger drop than I fund. Thinking, why would S fund small and mid-caps be affected more than I fund, as you would think they have the larger exposure at this time. If you have an idea on that, please comment.
Also noticing S fund price has now dropped through support of the longer-term lower (blue) trend line that goes back to Feb 2021. So, wondering if this drop has legs??
The decrease since the high of about 2298.83 on 11/5 is now at -7.67%.
I wanted to enter when I first saw drop, but will hold off again. :( Will revisit this on Monday. Market closes today at 1PM ET, but our IFTs still cut off at noon ET.
Hope you had a happy and blessed Thanksgiving! :smile:
Well there it is. I was hoping it would close that gap the other day. Now there should be a gap above after today's close. I wish I had held off like you but I was determined to follow the seasonality system this holiday period. It is what it is. Guess I will be riding this trade for awhile. To much of a lost to bail now. I wonder if this continues how the Fed will react in Dec if the vaccines aren't affective and the Economy takes a hit. Although if they are affective the market could shoot up pretty quick. Something to ponder. Either way my fate is sealed for awhile. Best of luck
Re: DreamboatAnnie's Account Talk
Sorry to hear this Quabit. I am sure many others are in same position, not that this would make you feel better. You may want to set a stop loss point to make sure you don't fall down a deep rabbit hole. It's much harder to come back from a larger loss, if this is start of more downside. I am watching to see what happens Monday. I should hooegre will be a bounce on Monday. But no telling as seasonality for last two days of November are red days.
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Re: DreamboatAnnie's Account Talk
Quote:
Originally Posted by
DreamboatAnnie
Sorry to hear this Quabit. I am sure many others are in same position, not that this would make you feel better. You may want to set a stop loss point to make sure you don't fall down a deep rabbit hole. It's much harder to come back from a larger loss, if this is start of more downside. I am watching to see what happens Monday. I should hooegre will be a bounce on Monday. But no telling as seasonality for last two days of November are red days.
Thanks. I bought initially and then jumped when COVID first hit in 2020 and should have just been patient. I am usually very cautious but this time I decided to stick to the plan and bought when it said. Next week will be the decision since it says to bail on 30 Nov iuntil mid Dec but to be honest I don't know if I will. I just may ride it to the bottom. As you said the S fund is already almost down 8% and we really hadn't had a good 10% correction in awhile. It may take a bit to rebound but I have some time. I may just need to walk away an not watch it for awhile so I don't see the losses. As they say it isn't a loss until you sell. On my chart it looks like today low bounced off of the lower trend line dating back to Apr 2020. I also noticed that when the RSI on the Daily dips below the purple it doesn't stay long and we get a pretty good bounce. I know my trends are not exact. I was just shooting for ball park. Attachment 52002