Thread: Whipsaw's Account Talk

Agree. Rally’s have been sold as of late but this one has a broader rally feel too it. I believe the 1/2 point hike is priced in and stocks are broadly oversold. Feels like a brief rest of the week stay in the markets or at least through Thursday. Hmmm…really need some gains. 👍

It's only Wednesday morning, and this chart isn't accurate until the market prints its close on Friday ... but there is a bottoming tail forming on the SPX Weekly:

S&P 500 Index, SPX Advanced Chart - (S&P US) SPX, S&P 500 Index Stock Price - BigCharts.com (marketwatch.com)

I bailed to the lily pad last Thursday, 5 May, sorry I didn't get to post it here. I'm out till June at this point, cue the 'tremendous flushing sound.' Now I want to see the covid market dump all over again. That is very selfish, isn't it?

All I can say is yikes!!


Scott Harrison
Senatobia, MS

I'm at -3.5 and 74 on the AT... FWIW. 15 market days until new IFTs. -.-

Originally Posted by Whipsaw

I'm at -3.5 and 74 on the AT... FWIW. 15 market days until new IFTs. -.-

I wish I was at a minus 3.5 or even a minus 5.

Another week and everyone enters the TSP DEAD ZONE 'till June where no IFTs can be made. Just lovely...

*** May 16 to the first week of June: Certain My Account transactions, online tools, and forms will be temporarily unavailable.

*** May 26 to the first week of June: All transactions will be temporarily unavailable, including changes to investments. My Account and the ThriftLine will also be unavailable during this time.

*** First week of June: Full TSP service is back with lots of window dressing and no additional IFTs to manage your account funds.

So far my 5 May exit is panning out, worst case (for me) would be a strong relief rally in the second half of the month, though that looks doubtful. ...and for the foreseeable future...

It seems there is some correlation between TSP.gov and DFAS... DFAS is looking for access PIN set up on the 16th. Hmmmmmmmm

What are the odds of a double bottom on the chart at the link?

https://stockcharts.com/h-sc/ui?s=%2...57&a=759294567

I have a position in SPY in my brokerage account. I didn't exit as I did in TSP, will be adding new funds as a bottom becomes apparent. Its finally stopped raining, have a great weekend everyone!