Yup.... I'm being patient right along with ya. Crazy Kangaroo "Up, Down, Up, Down" chart action just isn't my thing.
What I will be on the lookout for is when the S&P hits the 200 week moving average. That's where it's bounced back the last 2 times it fell off a cliff, although the Covid-19 crash took us a little further south, it reversed and went Up quickly shortly there after.
That's my Target and I'm stickin to it . . . . . .
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
Good morning, Here are charts as of a few mins ago. So yesterday morning turned around but then ended the day negative. It's up now, but will see how it closes.
Best wishes to you all.
01 - S FUND - DWCPF DAILY.png
02 - C FUND - SPX DAILY.png
03 - I FUND -EFA DAILY.png
04 - F FUND - AGG DAILY.png
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
Very close to hitting my parameters for entry, but this is also nearing point where drops have occurred during past 6 months or so. Parameters not yet hit. I will what happens next week. Ugghhh....
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 know DBA has taken long-term residence in the G-fund, but is anyone itching to step back into stocks after this week? Or is there too much technical traffic to trust a true turnaround?
Last Look Report |TSP Talk Weekly Wrap Up
Chart Patterns | An ETF Trading Primer
Disclaimer: This is not advice or a recommendation.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
I am getting a little fomo, which letting emotions get in the way is the worst. Still in G fund
Last Look Report |TSP Talk Weekly Wrap Up
Chart Patterns | An ETF Trading Primer
Disclaimer: This is not advice or a recommendation.
Sounds good FWM. My issue with buying earlier this year, when I thought it was low and starting to turn up, is that breakouts were too short lived and I lost money. I noticed during past 6 months, the better bear rallies did hit certain parameters that gave a little longer upswing before dropping back to even lower levels. No matter what, any entries during this bear trend are risky. With quickness of upswing, I definitely fear it is high, but upswings all go up quickly. Question to me is how long will it continue up and is there enough time to make anything. Also if you buy at what you think is a low, it still could continue down a lot more.
What we are seeing today looks good, but this is typically where the bear rally reverses course (based on what has been happening during past 6 months). So, it might be a while before I buy in...but if my parameters hit, indicating it could be a longer lived rally, I will enter partly only for a few days. If I do, I definitely plan to reduce exposure as soon as some money is made to lock in and reduce risk of loss on the rest. Still considering if it is even worth the risk!
Congrats on your partial exit...Today is a great day to reduce exposure and pocket some coin!
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
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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