I'm thinking we won't see that test of the lows until June or July. Until then, I want to try a quick in and out on big down day...
Thanks, DBA! I'm good, just venting, which is good, right? Watching my signals, back testing, resolving to make deliberate actions. Fouchi is testifying to the Senate, wondering if he'll trigger another sell off? On the lily pad to soon, expected test of the lows... still waiting.
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'm thinking we won't see that test of the lows until June or July. Until then, I want to try a quick in and out on big down day...
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
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 didn't really follow things today, but noticed the C and I funds were positive around lunch time. Imagine my surprise when I saw the big drops at the close. It makes timing the market difficult, but hey, you gotta try.
Like the Kenny Rogers song "The Gambler" says, "You gotta know when to hold em, know when to fold em, know when to walk away and know when to run. You never count your money when you're sittin at the table. There'll be time enough for counting when the dealins done.
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
if the market continues to climb through the morning, will be making a long overdue entry, 50% C, 50% S probably. Stepped aside when it seemed prudent, spooked with calls of 'retest of the lows,' didn't get back in when I should have. Doesn't seem that we are going back to the lows at this point. Of course, that could change.
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!
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Well, it looks like my first stipulation failed! Tom, thanks for pointing out the open gaps, always a consideration. I may have a touch of FOMO?
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!
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Could this be the beginning of the retest??? Hmm
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
D7 pointed out a SPX large bear flat, a double top and a head and shoulders reversal pattern... set up for heading south.
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!
He also pointed out a potential bull flag depending on what happens going forward.
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!
Futures are decidedly heading south... probably a good thing I didn't jump in... [ Ya THINK! ] sorry, I'm just talking to myself. >.<
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!
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