The negative reversal finally swooping in to take away the gains........maybe I wasn't a day late and a dollar short?!?!
Of course the market is rebounding this morning, that's what I was hoping for yesterday. Always a day late and a dollar short. But will it hold? We've seen so much volatility throughout the day lately and big swings and reversals. I don't have much faith it will hold.
The negative reversal finally swooping in to take away the gains........maybe I wasn't a day late and a dollar short?!?!
Wow talk about an uptick day.....is this the beginning of the ride back up from the bottom? Or is it a temporary relief rally before another ugly downturn? I will definitely be monitoring very closely over the next few days.
The TSP Calculator tells me I finished down -7.77% for the year ending 2018 (worst year to date, only my 10th year in TSP), my TSP PIP tells me my last 12 months ending on 12-31-18 resulted in a -7.93% performance.
I just used my 1st IFT of January and in 2019, 100% C at COB today. I am not anticipating this as a long play, hoping for that big bear market type rally tomorrow, if it happens I'll jump back into G for the rest of the month, if not, I'll stick it out and see how things go for the next couple of weeks.
I'm thinking of staying put in C and S for another day or so. Still wait I g for the bulls to run for a minute to play catch up.
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Yeah I am hoping that the Fed speaking tomorrow doesn't hurt my chances of a bounce back day.
I think the Fed can only be more dovish at this point. He wouldn't possibly say anything that would make things worse, I would assume? Unless Trump is really pi**ing him off. (Not making this political. It may be more personal for Powell.)
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
A big bounce back day so far, markets up over 2% as I write this, but the Fed news conference only minutes away, question is, will it hold? If he strikes a dovish tone, I am hoping for an even bigger surge upward today. Tough to make big gains with only 1 real move this month, considering I was in G to start out the year.
A pretty positive Fed news conference this morning. I thought about taking the profits, but wouldn't be able to get back in until Feb, so I am thinking about sticking it out at least for a few more days. US folks meeting with Chinese folks on trade next week, I think we have more upside to go before we see another blip downward. Can we hit 2600 on SP500 before that blip hits?
Will we push through the 2520 resistance line today? We got up over it momentarily earlier this morning.
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