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
So I was taking a look at charts today to see how Friday ended….
I see the following:
S fund - Stochastic (momentum)is getting close to crossing above it's signal line, but still below 20. Looking at MACD (momentum), it is flat (no slope up) although histogram bars showing some improvement. Friday’s candle with that nice long tail is what was forming intraday. The big reason for that tail was that there were a lot of buyers that stepped in during the last two hours of trading.
I'm glad it finished that way, with long tail, as it is good/bullish. But even with that bullish candle at COB Friday, price ended the day while still hugging the lower Bollinger Band. It has not yet pulled away from sliding down the band. So, entry still appears risky.
The C fund is in a similar position. However, S fund is below the 300-day SMA while C fund is at about 200-day SMA. So, it is in better shape.
The I fund (EFA) appears to be much worse…it hit the 400-day SMA in September, went up to reach a 200 SMA level and then proceeded to fall below the 500 SMA on Thursday Oct 11th…eeekkk.
Well I know a come back can be very quick and C fund gained back 1.43% on Friday. I have no idea if we will get a single or double bottom. I tend to think double ( “W” ) bottom, but can a little coin be made now with a quick few day in and out (while it forms a “V”)?? That’s the big question. Quarterly Earnings reports start this week. Netflix reports Tuesday as well as Goldman Saks. Humm… plus the dollar and 10-year Treasury charts plus VIX have a downward momentum. Hummm…. Still Debating a risky partial entry on Monday. Will see…
Best Wishes to you all!!!!
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
Nice analysis, I'm Leary of the market until after the mid-term elections, but I was thinking C over the S fund when I do. I think you've convinced me that may be the best option. Will watch how it shapes up in the days ahead.
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Expected FERS Retirement; December 2028
Thru-hike the Appalachian trail spring 2029
Entry -- 40S and 20 C. Deciding to take a risk but keeping a little powder just in case. Decided on S fund as it has dropped the most. Hoping there is a turn around … or at least a little bounce. Mama needs a new pair of shoes..... lol
Best wishes to Everyone!!!!
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
Okay... so mama might be able to buy more than just a new pair of shoes... maybe upgrade em to nice high heels and a dress for dancing!! lol.... I am hyped by this UP day! Just crossing fingers, knocking on wood and hoping it lasts the whole week! Still holding 40% in G powder (but I wish it was "gold").
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
I'm with you went in 60% today, missed the jump up today but was too busy at work....
Sent from my Pixel 2 XL using TSP Talk Forums mobile app
Expected FERS Retirement; December 2028
Thru-hike the Appalachian trail spring 2029
Can we hold for another 2 hours and 10 minutes? What a run up - hopefully rest of week is in green
ooouuuu…. this is a sweet dream! 1 hr and 22 minutes to go! Don't anyone wake me up!
Best Wishes to Everyone!!!!!!!!
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
Nice DBA! Not sure we're through with ride though! Could get ugly again before it settles down. Still out but I always have trouble getting back in. I usually jump too soon. Best of luck!
Thank you Scout333! I appreciate your nice comment as this has been a tough year for me. I agree with you... I don't think the ride is over just yet. Futures are down just a bit right now. No telling what happens tomorrow.... so while I am feeling great, I know that can change very quickly... hence the powder.
Still thinking about not staying in too long. Thinking a few more days.... ???? I will be keeping an eye on Stochastics and MACDs to look for the exit but I am thinking it is so volatile and quick moving, it may not matter...Also agree I have trouble jumping in and getting out. When I am in, I want to be out and when I am out, I want to be in.....
I still believe we get a double bottom, but who knows! I am just hoping for one or two more good days. Best wishes to you!!!!!
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
I'm with yiou DBA - I'm still down about 2.10 from last week (was more before yesterday) - just trying to recover some/most of that before I exit - not sure if last night might have been the best stop to get off, hate this 11 central deadline - good luck
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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