Thread: DreamboatAnnie's Account Talk

Charts - so I fund is now also a full exit. They all are. Best wishes to everyone!

01 - S FUND - DWCPF DAILY.png


02 - C FUND - SPX DAILY.png

Now I fund is out.
03 - I FUND -EFA DAILY.png


04 - F FUND - AGG DAILY.png

SPX bounce just above 3800?

Here are charts. I did not have a chance to upload earlier...work, work, work!

01 - S FUND - DWCPF DAILY.png

02 - C FUND - SPX DAILY.png

03 - I FUND -EFA DAILY.png

04 - F FUND - AGG DAILY.png

Originally Posted by Whipsaw

SPX bounce just above 3800?

Hi Whipsaw,
I had strategy entry for C fund on 7/18 when price on SPX was near 3825 with reduced exposure or full exit around 3960. Right now it looks to be a little higher 3977. Looks to be testing support at 50EMA. All stock indexes look like they want to move up. Let's see how far they go! But for most, they are all trending sideways overall. Best wishes to you and everyone!

PS. Let's see what Fed says later today.

DBA,
I think FWM has the right sight picture, I need to stop procrastinating and move in. Fed hikes have resulted in higher stock prices, similar to the last time this went on in the 70s(?). Was looking for a run down to 3800 or so as that is a support line from the last two lows.

Whipsaw

Annie, please forgive me...don't mean to pollute your thread....just a bit euphoric after 2.6% 1 day gain.

TobyKeith.jpg

Originally Posted by FireWeatherMet

Don't see what the catalyst would be for new lows?
30% drop of the S&P from its old high, priced in Inflation massive Fed Hikes and Recession.
Now Oil supply is increasing, demand leveling off, price of oil down 25% of recent highs a month ago with no reason to think it will go back to old highs as OPEC is now pumping more, and peak driving season ends in 7 weeks.
Oil prices have been main catalyst for inflation, along with supply chains and real estate rising.
Real estate coming down well of its recent highs, and supply chains getting worked out.
As a result sellers are getting exhausted, even today the morning huge early selloff at the 9.1% inflation number, couldn't hold for more than 90 min as buyers quickly jumped in & Stock indices got back to near level, as analysts digested that this June number was not factoring in recent sharp falls in Oil and other Commodities.

I say Next Big Move is UPWARDS.

Don't let your head get toooo big, FWM.

here are today's charts! Bulls are definitely charging. Upper resistance at Upper Bollinger band and then 100 day MA.


01 - S FUND - DWCPF DAILY.png

02 - C FUND - SPX DAILY.png

03 - I FUND -EFA DAILY.png

04 - F FUND - AGG DAILY.png

Originally Posted by Whipsaw

Don't let your head get toooo big, FWM.

Sometimes we have to brag when we can, because it can be a fleeting moment. But the market sure likes to humble us when we do.

Good job FWM!

Anyone in market this week gets a big Congrats from me! Very Happy for you and I am always happy when TSP folks hit the mark.

My only concern was whether FWM was expressing his euphoria on my thread to take a dig at me? Maybe I am wrong about that and will give benefit of the doubt. I had read his very good analysis on his thread...logical and well thought out. However, my current strategy does not consider the news, but I might eventually factor in Fibonacci retracement.

I have been notating the action my strategy would have me take if I were in market. As you all know, I do not always follow it due to my own fear and risk tolerance. My strategy would have had me exit earlier, before the Fed meeting. I stick by that conservative bear strategy. I must stick to reading charts as I see them. But I continue to learn and that is what is important. At some point I will confirm how much would be gained if following it strictly. I did notice the large space between the MACD and its signal line...may need to put more weight on that when determining full exit.

Wishing you all the best and a Great Weekend!

Here are today's charts.

01 - S FUND - DWCPF DAILY.png

02 - C FUND - SPX DAILY.png

03 - I FUND -EFA DAILY.png

04 - F FUND - AGG DAILY.png

I have been displaying my strategy in and outs since Mid-May. I have considered not posting them as this is just my read and I am not a market expert. Will see how long I continue to post that.