Thread: DreamboatAnnie's Account Talk

I read someplace this morning that the Russell Indices (IWM and others) will rebalance at COB Friday, so some swings maybe?

I tend to think it could go up more before hitting resistance. Not sure on move just yet...but leaning to move in...maybe tomorrow.
C Fund did fall below longer term trend line (blue) but popped back above it. Both C and S fund are above 3,7, 10, 20 MAs...good!

Here are charts with some new lines.

Best wishes!

Dwcpf.png

SPX now.png

I FUND - EFA. now.png

VIX and 10- year yield ($TNX) down a bit and Tran ($TRAN) and momentum($MTUM) going up and UUP dollar slightly up at this point in the day.

I noticed RSP, equal weight S and P, is struggling to capture it's 50 day MA. IWM also hitting a descending line of resistance that started last week. I think SPX and the Q's are being held up by just a handful of big tech companies. That's not enough to entice me to jump back in. I think I may wait til both SPX and DWCPF have cleared that long term sideways channel they've been in since the spring.

Hi Retread, I tend to see that as well... Its a hard decision based on roller coaster its been on for months now. I would be happy to catch one more little upswing this month.

I'll need to take look at RSP. Thanks! And Best wishes to you and everyone!

PS. As an extra view, I usually look at SPY (tradable EFT) that tracks SPX and IWM, but I am definitely going to check RSP (equal weight S&P) tonight.

Here are charts as of few mins ago. S fund broke above its major upper trendline temporarily this morning (see candle wick), but then dropped back down and so far holding at that resistance line. Really want to enter but holding for now.... Best wishes to you all!!

Dwcpf.png

SPX now.png

I FUND - EFA. now.png

Here is how it closed, but doesn't look much different from this morning.. Oh well.... Nothing broke through any upper trendline. This roller coaster is driving me CRAZY, but Definitely feel like I missed the entry....it was a quick one. It is now back where it was 7-8 days ago for S and C fund... But, the I fund has not yet popped back. On I fund, Slow Stochastic is starting to turn up but others still not changing direction.

After that miss, I think I'll go sulk and watch a ShowTime series! Hummm... Only 5 days left in June. Will see what happens....futures are up a little right now...


Dwcpf.png

SPX now.png

I FUND - EFA. now.png

Looks like its trying to break through at this point.

What can I say other than S fund is Breaking out! Now what? Its high but.... Will likely still enter. I understand banks will be doing stress test required by Fed. Per Ira Epstein, he thinks it will be okay. Hummm... Thinking to enter S and I fund.

Here are charts as of a few mins ago.

Dwcpf.png

SPX now.png

I FUND - EFA. now.png

Here is broader view of S fund. It will probably come back to test its new support line.

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