I have two IFTs left, so I can step aside and jump back in (ala FWM). Won't be today... maybe should have been today... will feel better if/when the news reports indicate the end of this recent unpleasantness...
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I have two IFTs left, so I can step aside and jump back in (ala FWM). Won't be today... maybe should have been today... will feel better if/when the news reports indicate the end of this recent unpleasantness...
On the fence today on whether to step aside, take some off the table, re-balance... S-Fund popped out of the upper bollinger band which tells me it will come back inside the lines soon, was tempted to re-balance to C but seasonality for C fund in January is historically not so good (even though its outperforming S at the moment); S should be stronger; otherwise everything still looks mostly bullish... so I should split between C and S... well... that's where I'm at!
Have a great weekend everyone! It's getting close to beer-thirty somewhere. :D
Futures are UP! :cool:
Woo hooo.. Whipsaw! Your continuing to do great! Another up day! Congrats!! :smile: Gosh... wish I were still in it. Finding it hard to get an entry... I guess last week sometime was the chance... missed it. I was thinking it might be hard to get back in after my exit in late December. I have been thinking about entering as the market may take off even more by tomorrow if the China deal gets signed, which I think it will....
Best wishes to you and everyone on your investments!!!!! :smile:
We had a period like this several years ago with a steady climb... after a week or two of looking for a dip, I said to heck with it and jumped in.
Now, of course, Tom is trying to spook me with todays commentary and being extended above the EMAs...
Well it is spooky... but, will see how it goes. I had to run out last night for some sticky pants when I saw Futures were down by about -235 …. I must stop looking at that. Obviously some are taking profits.
I stopped using the evening futures as a healthy indicator a while ago. It seemed like there was a correlation between currents evaluations and market futures after our markets closed but I never made sense of it. Now I look at the evening futures but only to compare to morning futures and get a broad sense of direction for the morning.
Lol. Currency valuations...not current evaluations. Google autocorrect got me
Don't fight the Fed...
FED Pumps $82 Billion MORE...
https://www.wsj.com/articles/fed-add...ts-11579016506
Yup they keep pumping. Here is today's pump. I suppose this could be why the market futures turned or it was Larry pumping a tax plan that could come out some time this year. I.e. Date to be determined but it looks good for now since Trade 1.0 was signed. They need something for future pumps in case the market starts to go down or settle if there isn't any Trade 2.0 news.
Fed Adds Just Under $50 Billion In Temporary Liquidity Wednesday
Banks sought far less than the $120 billion the Fed was willing to offer
https://www.wsj.com/articles/fed-adds-just-under-50-billion-in-temporary-liquidity-wednesday-11579106794
Finally one Fed member doesn't deny there might be and affect of all the buying going on on the market. Most Feds jump up and down and say it can't be.
Quote from the article "My own view is [buying bills] is having some effect on risk assets. It is a derivative of QE in that when we buy bills and we inject more liquidity, it affects all risk assets,” Kaplan said."
Wait did he say a "derivative of QE" hmm should have worded differently so that the phrase "Non QE" was used.
Fed’s Kaplan worries that investors got green light to take more risk from recent interest-rate policy
https://www.marketwatch.com/story/fe...=mw_latestnews
Futures are UP! :cool: