Thread: DreamboatAnnie's Account Talk

Hi FS, I'm with you.......soooooo tired of Greece!!

Can't really use my indicators because effects on market are so very news-driven this past month or so. My nerves are frayed. I would like for things to settle so I can rely more on technical indicators. I feel like I am at a high-end Roulette table with my retirement money!

Earnings reports coming out for Q2 so that will have impact. I think tomorrow maybe a medium up day or could be big again if more positive news comes out on Greece. Heck ... It might be an up week overall.

But For now, I still don't trust the Greek deal....until its approved. So will see what tomorrow and Wednesday brings. I am just going to wait until Greece news dissipates a bit. I was spooked but now that I am out its nice to take a short breather---relieved!! I don't mind getting in after it goes a bit over the 18 day SMA as long as the Slow Stochastic is heading upward and the waters look smooth and price looks like its going into an upward channel... Will see....right now the bands are wide!

I want to get back into US equities as soon as possible because I do believe this market has more upside. Would like to see S&P 500 break above 2120 or 2125 to get better indicator that the next leg up is on its way....OR.....go above 1130 on SPX. We did not take out the January or March 2015 lows on SPX and so that is good.

Best wishes to you and everyone on your investments!!!!!!

Thanks DBA! You made me realize that I'd better start doing some charting tonight to see exactly how much moxie I have for this market.

The long term charts I did last week indicated a descending triangle. I remember Kramer's recent discussion of a retracement soon so I don't plan to be foolhardy. Just cautiously greedy..

FS

Gosh......One more very important thing that I failed to mention on my earlier post.

China still looms. Things do not make sense!!

It seemed they were going into collapse for the last month and last week.....and I understand, it was from overpriced stocks and high leverage (high margins). So the cure was the Government just imposes a stop on stock sales to prevent the collapse!!! Now that is much scarier than Greece.

China buys a lot of our bonds and buys from us. So when is that knife going to fall. I should think it will come fast and without warning.

So for that reason alone I am thinking the strategy for me is to NOT be fully invested for the next few months. Maybe a shorter term in and out to reduce risk exposure??? I don't know the answer but welcome any thoughts. So its kinda hard to have sweet dreams right now.

Best wishes to you and everyone on your investments!!!!!!


P.S. Yes I am still spooked.

Originally Posted by DreamboatAnnie

Gosh......One more very important thing that I failed to mention on my earlier post.

China still looms. Things do not make sense!!

It seemed they were going into collapse for the last month and last week.....and I understand, it was from overpriced stocks and high leverage (high margins). So the cure was the Government just imposes a stop on stock sales to prevent the collapse!!! Now that is much scarier than Greece.

China buys a lot of our bonds and buys from us. So when is that knife going to fall. I should think it will come fast and without warning.

So for that reason alone I am thinking the strategy for me is to NOT be fully invested for the next few months. Maybe a shorter term in and out to reduce risk exposure??? I don't know the answer but welcome any thoughts. So its kinda hard to have sweet dreams right now.

Best wishes to you and everyone on your investments!!!!!!


P.S. Yes I am still spooked.

Congrats on post #1000! DBA

Greece: Tsipras government might not even survive til fall.
[Which would be totally understandable since he ran on an anti-austerity platform then
turned around and gave away the store (in many Greeks eyes).]


Greek PM Tsipras faces party revolt over bailout deal
Greek PM Tsipras faces party revolt over bailout deal - Yahoo Finance


China:

Posted this article earlier somewhere.

"When Shanghai was peaking at 5,000 in June, I gave you five words of advice: Get. The. Hell. Out. Now.

To which I’ll add five more: And. Stay. The. Hell. Out."

Opinion: China’s stock-market crash is just beginning
China

As Peta fram Qohag states, "Well ah didn't maak any money dees laas tree monts, but it's been stress free nat even lookin at stocks durin dat tam."

Greece-7 hours ago

Greece debt crisis: Tsipras faces eurozone deal battle - BBC News

Regarding the Greek vote on Wednesday:
"The measures call for more severe spending cuts, market reforms and tax increases than those rejected by Greek voters in a referendum on July 5."

Wall Street is in for a rollercoaster ride of a session Wednesday
Wall Street is in for a rollercoaster ride of a session Wednesday - MarketWatch

'Fasten your seatbelts'.
https://www.youtube.com/watch?v=XypVcv77WBU

Well the market was kinda quiet today. Wondering if Euro has figured out the short term emergency funding for Greece. On Monday, the debt payment to ECB is due. Will see how things go then. Best wishes to everyone on your investments!!!!!!

P.S. Happy for now on the sidelines.

Originally Posted by DreamboatAnnie

Well the market was kinda quiet today. Wondering if Euro has figured out the short term emergency funding for Greece. On Monday, the debt payment to ECB is due. Will see how things go then. Best wishes to everyone on your investments!!!!!!

P.S. Happy for now on the sidelines.

On the Lilly Pad with you!

Was tempted to follow Cactus who is having a nice month but decided instead to follow you guys and Burro. The strong dollar concerns me, China syndrome concerns me for the short term (I think there is a short term and long term correction coming that will impact markets and I want to miss both) and with a week of reasonable gains I think I'll take my earnings and wait for another entry point. Best of Luck to all in their investing.

FS

Hello!! Just decided to repost chart links now that the Greece issue has died down a bit. I noticed many folks at the top of AT are in G and cashed out to lock in their profits. Wow!! Some awesome earnings at the top!! Wish I was up there but I am okay. Also noticed many folks are out of IFTs.

I did pocket some profit in July and sitting on lilly pad looking for an entry point with 1 IFT left.

Best wishes to everyone on your investments!!!!!!!

S FUND - DWCPF - Daily
Dow Jones U.S. Completion Total Stock Market Index, XXWCPF Advanced Chart - (DJW) XXWCPF, Dow Jones U.S. Completion Total Stock Market Index Stock Price - BigCharts.com

C FUND -SPX -Daily
S&P 500 Index, SPX Advanced Chart - (SNC) SPX, S&P 500 Index Stock Price - BigCharts.com

I FUND -EFA -Daily
iShares MSCI EAFE ETF, EFA Advanced Chart - (NAR) EFA, iShares MSCI EAFE ETF Stock Price - BigCharts.com

F FUND -AGG - Daily
iShares Core U.S. Aggregate Bond ETF, AGG Advanced Chart - (NAR) AGG, iShares Core U.S. Aggregate Bond ETF Stock Price - BigCharts.com