Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Just because this was an UP day, I have to post couple charts. So glad to see such a nice healthy bounce up! Makes me feel good!!!
Of course the volatility will continue for a time, but its nice to see some confidence in the market. Triggered by stimulus hopes.
Best wishes to you All!
DWCPF -now.png
SPX now.png
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
I think the confidence comes from President Trump making statements yesterday that we need to get back to work and we will revisit the 15 day period (which ends Monday) and his statement that he hopes we can start back up by Easter Sunday... and go back to work on Monday 4/13. That's a goal with date certain attached...and we know market loves that.. These statements just get folks to thinking about possibility of a return to normalcy which is very positive on our psyche. I think we need to hear that. It doesn't mean it will happen as no one truly knows what will happen, but the positive thought brings soooo much hope! Plus there was talk of passing big stimulus...
I think President is trying to balance safety of our health and monetary well being of our country as a whole. That's a tough balancing act! I will pray for those advising him and for him to ultimately make the right decision and strike the right balance.
Agree the machines are always involved as well…...but Sentiment is Huge!
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
I really wanted to enter S Fund on Monday with thought that White House might do something, like impose tariff or better yet, require oil to be purchased from US oil producers to prevent our US based company’s from going out of business. It does seem that is what both Russia and Saudi Arabia would like. But not seeing anything materialize. In any case, looks like just talking about it Sunday was enough to boost the market on Monday. In addition maybe some light at end of tunnel with talk of getting back to work, and fewer daily Coronavirus deaths in NY.
I‘m also thinking earnings reports start next week. That can’t be good so why enter now? Yet…. I still think it could be good to enter a little now (40%) ???? Ugghhh… will hold off until next pull back.....but major FOMO!!
Best wishes to you all!
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
I think I'm with you on this one DBA. I have some mutual funds otherwise I may exit soon with current strength. This is a challenging market at the moment.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Be advised EARNINGS start Monday. Do you think companies will do well? NOT!
Probably not. But curious how market will react.
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
!! HAPPY EASTER!!!
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
So, I keep looking at charts...had wanted to jump in but.....just couldn't do it. The obvious ..20SMA (Bollinger band mid-point) below 50EMA, so its high risk to be in right now. The expected bounce occurred, then a little lull and continued up....that was unexpected but not so surprising because of the positive talk. But I think reality is just starting to hit, so another wave down. ?? hummm…. Approaching major resistance and I think it will fail. But we shall see...it did look promising with SPX going above 50 EMA yesterday and 3 EMA above 5 EMA AND 13 EMA just hitting above 16 EMA, but alas...today, the Stochastic is now crossing below its signal line , even though its above 80 AND price back below 50 EMA....ughhh...so much for that.
But, tomorrow is another day! A boost might come if the Plan to reopen for business sounds feasible and safe when its described further tomorrow; but if it doesn't hit the mark....watch out below! Closures having massive impact. Gotta reopen!
Best wishes to you All !!!!
Here are charts.
SPX now.png
DWCPF -now.png
Last edited by DreamboatAnnie; 04-15-2020 at 09:15 PM.
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Ha! Today is looking good! Market likes what it heard on plan to reopen the Govt!
Its still very risky, but I am thinking about a partial entry today...maybe 40% C fund, 15%S fund and 25%F fund. Still considering ….hummmm…
Still expecting lots of volatility, but I like that 3EMA above 5 EMA and 13 above 16 and , MACD still positive and rising although MACD histogram is slightly waning, and Stochastic flatlining above 80...it looks embedded above 80. Plus I love C fund is above 50 EMA. But, only thing is that price is hitting my line in the sand on C fund...see pink line, 3rd chart.... and in the back of my head a little voice keeps saying, might we back off and retest the high of late March (about 2637)??? So thinking not in the clear yet. May wait until Monday..... hummm…..will see ...1.5 hours to decide! Leaning towards partial entry.... oh gosh but fear is that as soon as I enter, it tanks....ugghhh...whats everyone else thinking???? editing... oh crap! just saw that Userque exited yesterday...only 3 of top 10 in equities...unless some enter today..... that is not a good sign....…. probably wait...will see...lol....its always something...
Best wishes to you all* !!!!
Here are charts at this point...
SPX now.png
DWCPF -now.png
SPX now.png
Last edited by DreamboatAnnie; 04-17-2020 at 09:34 AM.
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
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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Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
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