Thread: DreamboatAnnie's Account Talk

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Didn’t have time to post a summary. It’s a Wall Street Journal article.


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Thanks RangerRay! Yep... that is why I hesitated to exit. This economy is going to explode to upside! Need more Chips, materials and people to join workforce. Very curious to see this Friday's job report. Could send market up, but at same time the market fears inflation and interest rate increases. Just gotta keep on our toes. Buy dips... but once it takes off it might be hard to catch the train!

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Originally Posted by DreamboatAnnie

Thanks RangerRay! Yep... that is why I hesitated to exit. This economy is going to explode to upside! Need more Chips, materials and people to join workforce. Very curious to see this Friday's job report. Could send market up, but at same time the market fears inflation and interest rate increases. Just gotta keep on our toes. Buy dips... but once it takes off it might be hard to catch the train!

Well, the train hasn't left the station yet.

This is true RangerRay... and it looks like Good economic news is Bad news for the market due to fears of higher inflation, which could trigger the Federal Reserve to increase (Fed funds) interest rates in the Future.

I know Fed keeps saying they will not raise interest rates until they know inflation is more than "transitory"/temporary, but seems the market is not buying it. So, if the unemployment numbers are good tomorrow I should think market drops more. Only think that because last month the numbers were expected to show high employment increase (good) and instead came out very short (bad)! But...Market was happy about it.

I think the reason Market is not buying the thing about inflation not rising is because we can see the price increases at the pump, grocery store and in lumber and cost to build homes, etc. Plus if your looking for graphic cards or chips for cars, good luck! Not many to be found...Supply Issue is causing price increases. Son looking to upgrade graphics card and even used ones are 2x, 3x higher on Ebay.

Also, I am getting offers to buy our Used cars for very high prices....demand is high! This past weekend, my Brother in law said Ford dealer only had about 100 cars on lot, when they usually have 300-400. Also, friend wanted to buy Mercedes but was told new one did not have one electrical part on it because it had been taken out and placed on repaired vehicle...so have to wait on part to sell it to her a new car. They are scalping their own products due to lack of parts from factory!

Same goes for homes here in Texas... getting several offers per week and no longer answering phone. CA folks coming in droves and causing rents and housing prices to go up dramatically! But I guess as long as Fed considers price increases to be transitory they will not raise rates. God help us when they do, as I am thinking the house of cards based on low interest rates for ginormous Federal debt will eventually make the house implode! Hummm... so where should we store our nuts????


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COB Charts - So today's price action fell below the lower trendline of the rising wedge (bearish) formation which had been building for last two weeks, but which had hit major resistance over the last two days, along with the ominous dark filled candles.

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Here are charts as of a few minutes ago. Left in the trend lines, but will remove the upper line. The lower trendline is now serving as resistance. Interesting to see how today's price is stopping right at resistance. S fund touched and backed off. So, will just be watching to see if price can break through.

Best wishes and hope you all* have a great weekend!

Dwcpf.jpg

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I FUND - EFA. now.jpg

here are charts as of a few minutes ago.

S fund broke above the short-term lower trendline (new blue). But still below the rising wedge (purple-lower line) that it fell through last week (had turned into resistance)...although, today's price point has gotten above last week's high, which is very good!

C Fund is now hitting resistance at the short-term upper trendline (red dashed) after it fell below the last lower trendline 5 days ago (purple line).

I Fund clearly broke above its upper trendline on Friday and that upward move is continuing today

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charts as of now.
S fund continues to drop away from short term upper resistance trend line. It's also still operating within it's 4.5 month trading range (green box)
C fund respecting its upper (Red) short term resistance trendline. However, today (intraday) it did get above the high in early May! That's a good sign. So, will see if it can close above the red line and close with a new all time closing high.
I fund broke through its upper longer term (Blue) trendline 5 days ago, as previously reported, and that line is acting very well as support but now starting to trend sideways.

Best wishes to you all!

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I FUND - EFA. now.png

I've had a good run so far. have pulled back 100% G to preserve, wait and see. was thinking even if i'm wrong - i will have not lost anything and there will always be another entry point along the way. Good luck to all. thank you DB for the charts and comments.