Thread: Whipsaw's Account Talk

Originally Posted by Whipsaw

The FED speaketh at 1400, can you get a 'buy the rumor, sell the news' all in one day?

YEP!!!

Originally Posted by Epic

​In reference to "going over the cliff", I did see someone for the first time use the "D" word instead of the "R" word in my readings this morning. I think the quote was something like ".....and from there we could head into full blown Depression...". It may have been a little extreme, but once that word's out there, there's no turning back. GASP . . . .

Interesting that in the Old days, any Congressman who was lobbied by private sector for tarriffs or taxes would be tarred & feathered.
These days, its just normal business.

I think FWM makes the call, in the short term anyway. Looks like a break to the upside.

I took a small bite of SPY yesterday in my brokerage account in anticipation of a small rally between rate hikes, something CNBC analyst expected to happen.

I hate it when work gets busy. FWM nailed a great set up...

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

Wishing everyone a fantastic Independence Day!

Why the %#%&* is there still a deadline at noon? This is the 21st century! I can buy a flying car if I had the money. Was looking to enter today, various analysts saying a near term bottom is in, rally through end of July, then august is down.

Originally Posted by Whipsaw

Why the %#%&* is there still a deadline at noon? This is the 21st century! I can buy a flying car if I had the money. Was looking to enter today, various analysts saying a near term bottom is in, rally through end of July, then august is down.

Same reason we're only allowed 2 IFT's LOL.
My wifes T Rowe Price Act allows to make an IFT within 10-15 min of the closing bell, and you get the price at the time of your IFT, maybe a 5 min delay.
BUT...they are only allowed 1 move a month, and that includes any move to safety.

I'm tempted to enter, though the slow stoch in the chart at the link is peaking and indicates a short term top (maybe the double top Bquat indicated). Holding till next week - which means the market will continue to climb .
S&P 500 Index, SPX Advanced Chart - (S&P US) SPX, S&P 500 Index Stock Price - BigCharts.com (marketwatch.com)

I must have been asleep... 27 July??? what happened to 11 July to today? Looks like I was right, market is higher than on 8 Jul!!!

IFT 15% S, 15% C COB. I think we're closer to the bottom than the highs going forward. Incremental entry over the next few weeks/months.