Thanks RF, very insightful! So far, so so... positive by a little, hoping to get back to, or near, the top of the channel, then bail for the rest of the month.
A number of things. No positive MACD crossover yet, tariff jitters, seasonality, September being the worst performing month of the year, and my own crystal ball numbers are moving in a negative direction.
One final thing that has my attention, not that it will happen again, but I am keeping an eye on it. Back in January the S&P closed at a new all time high. Nine business days later, the S&P closed at a new low for 2018. That high was broken on 29 August when the S&P closed at 2914.04. Since that new high, the S&P has closed down 5 of the last 7 days.
With that, I'm gonna stay on the lily pad for the time being.
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
Thanks RF, very insightful! So far, so so... positive by a little, hoping to get back to, or near, the top of the channel, then bail for the rest of the month.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Well, so far so good on the entry. However it is Turn Around Tuesday and as you know, what we see at noon in not necessarily how we end the day. Hopefully though, it continues up and touches the top.
Good luck!!!
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
Futures are UP!
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Right now S fund up .14%, C fund up .43%, and Fund up .83%. …. Woo..hooo…. now to finish out the day.
Best wishes WS and to everyone!!!!!!
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
Making a little being in last week, hope it continues, that the tarriffs and trade concerns are priced in. You would think the consensus would be for domestic manufacturing vice buying stuff made overseas would bode well for stocks, but the folks caught in the transition will have some turbulence and would be a drag. Was out on Friday, down a bit today, but thinking we will grind higher. That annoying Hindenburg Omen is showing is ugly head again...
https://www.marketwatch.com/story/sh...men-2018-09-14
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
I am considering exit today out of at least S fund. I think I see a cross down on my indicators.... Will likely stay in I fund...maybe C... but going to dental appt now so not sure if I will have time... ?? will see.... wishing you and everyone the best!!
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
WS
Decided to take a little trip on the I train. 75% G Fund, 25% I Fund, effective COB today...
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
Was out yesterday, watching in the morning... didn't look to bad, the afternoon was not so great. Up so far, hopefully we'll get it back. Some sort of realignment to the major indices is going on this month, there will be volatility as all the big financial houses rebalance accordingly.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Nice pop yesterday, futures are up a tiny bit. Lets see where this goes...
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Sticky pants deployed... maybe should rebalance to the C fund? This is the gouge I have, maybe I should follow it.
Tis’ The Season To ‘Get Small(Cap)’ | Jay On The Markets
From Close on To Close on Hold
Trading Day of Month Trading Day of Month
Mar 10 May 12 Large-Cap
May 12 Jun 22 Small-Cap
Jun 22 Aug 6 Large-Cap
Aug 6 Sep 22 Small-Cap
Sep 22 Nov 15 Large-Cap
Nov 15 Mar 10 Small-Cap
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Whipsaw. You changing up and becoming a buy and holder? I always thought you were a market timer.
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
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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