Page 124 of 154 FirstFirst ... 2474114122123124125126134 ... LastLast
Results 1,477 to 1,488 of 1837

Thread: Rod's Account Talk

  1. #1477

    Default Re: Rod's Account Talk


  2.  
  3. #1478

    Default Re: Rod's Account Talk

    That was actually what sparked the rally this morning before the bell, right after the jobless claims number. But yeah... typical close to a Friday on a positive day. I'm just surprised it didn't close at the highs.

    https://www.thestreet.com/investing/...HOO&yptr=yahoo

    15-minute S&P futures chart:

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

  4.  
  5. #1479

    Join Date
    Jun 2004
    Location
    In Your Imagination...
    Posts
    4,333

    Thumbs up Re: Rod's Account Talk

    Winner winner chicken dinner!


    Quote Originally Posted by mdfiasco View Post
    I'm going to say up to 1%. We're going to creatively hold on to some of todays gains.

    Tin foil hatting it: I predict good news will come between 1500-1530 in an attempt to rally the numbers for Fridays open. Who knows that what news will be: NY announces a flattening to the Covid curve, Biden picks a VP, Congress announces they're working all weekend on the aid package, etc...

    Pre-Market trading caused today's spike a few minutes after the US announcement congress was working on another Coronavirus aid program at about 0745.
    S&P was climbing steadily, plateaued like a high speed wobble, then started down when Congress (CSPAN) announced an impasse on the aid package and the plan will have to wait until next week.
    Oil was rallying until 1230...30 mins later Russia and Saudi Arabia announced agreement to limit production and it's been dropping hard since.

    Either way, I'm glad I jumped out today saving the gains I made. This weekend is going to suck, socially, for America and the world. Easter during quarantine is a morale killer. My guess is Monday opens lower but tomorrow will need to get pumped up, and whatever happens before the close will set the stage for tomorrow.
    "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

  6.  
  7. #1480

    Join Date
    Sep 2006
    Location
    Rocky Mountain High
    Posts
    6,752

    Default Re: Rod's Account Talk

    There is no stock market action on Friday. Closed, for Good Friday.

    Quote Originally Posted by mdfiasco View Post
    I'm going to say up to 1%. We're going to creatively hold on to some of todays gains.

    Tin foil hatting it: I predict good news will come between 1500-1530 in an attempt to rally the numbers for Fridays open. Who knows that what news will be: NY announces a flattening to the Covid curve, Biden picks a VP, Congress announces they're working all weekend on the aid package, etc...

    Pre-Market trading caused today's spike a few minutes after the US announcement congress was working on another Coronavirus aid program at about 0745.
    S&P was climbing steadily, plateaued like a high speed wobble, then started down when Congress (CSPAN) announced an impasse on the aid package and the plan will have to wait until next week.
    Oil was rallying until 1230...30 mins later Russia and Saudi Arabia announced agreement to limit production and it's been dropping hard since.

    Either way, I'm glad I jumped out today saving the gains I made. This weekend is going to suck, socially, for America and the world. Easter during quarantine is a morale killer. My guess is Monday opens lower but tomorrow will need to get pumped up, and whatever happens before the close will set the stage for tomorrow.
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

  8.  
  9. #1481

    Join Date
    Jun 2004
    Location
    In Your Imagination...
    Posts
    4,333

    Thumbs up Re: Rod's Account Talk

    Quote Originally Posted by weatherweenie View Post
    There is no stock market action on Friday. Closed, for Good Friday.
    Indeed it is.

    For my Brothers and Sisters in Christ... have a most blessed Resurrection Sunday!
    "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

  10.  
  11. #1482

    Default Re: Rod's Account Talk

    Quote Originally Posted by weatherweenie View Post
    There is no stock market action on Friday. Closed, for Good Friday.
    Thanks. I kept thinking, and saying, today was Friday because of the market being closed tomorrow.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

  12.  
  13. #1483

    Join Date
    Jun 2004
    Location
    In Your Imagination...
    Posts
    4,333

    Question Re: Rod's Account Talk

    Interesting...

    To quote Cramer on today's Mad Money,

    "This Fed move probably makes it so we will not revisit the lows, given the fact that J. Powell is just there standing in there for you."

    Of course, as with anything, take it with a grain of salt. He could be right... he could be wrong. We shall see in due time.
    "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

  14.  
  15. Default Re: Rod's Account Talk

    Quote Originally Posted by Rod View Post
    Interesting...

    To quote Cramer on today's Mad Money,

    "This Fed move probably makes it so we will not revisit the lows, given the fact that J. Powell is just there standing in there for you."

    Of course, as with anything, take it with a grain of salt. He could be right... he could be wrong. We shall see in due time.
    Based on the current trend of stock price recovery, by May 1 stocks should be back to positive for the year.. I guess by then or shortly thereafter the sports stadiums will be filled again, the restaurants will be crowded, the airlines will be filled with travelers looking forward to adventures, the hotels will be back to normal, the cruise ships will be full, the malls will be back to pre-covid levels.. (I guess everyone but me, i’m scared of suffocating with this virus so will avoid all of the above) Most of the services that support all those industries will be back as well, most of the small businesses will have weathered the storm ... and most of those that were laid off will have been rehired... No??? Then I guess the stock market looks forward, and all of the economic “pain” From all of the above will have been remedied by actions from the Fed and the last round of legislation... Is this correct?
    Last edited by StockSurfer; 04-09-2020 at 09:39 PM.

  16.  
  17. #1485

    Join Date
    Jun 2004
    Location
    In Your Imagination...
    Posts
    4,333

    Exclamation Re: Rod's Account Talk

    Followed soon after by The Second Wave of COVID-19.

    There seems to be dark forces at work (ahem... The Fed) that is force-feeding Mr. Market "artificial fillers" in order to prevent it from doing what it would naturally do otherwise. And that is to retest the 23 Mar lows.

    But, will the force-feeding succeed?

    The Fed can throw all sorts of stuff at the financial crisis. But, what about the biological crisis that is certain to continue (and re-ignite) into the Fall? There will likely be a COVID-20, then 21, then 22, then 23, etc., etc.

    There's all this talk about a light at the end of the tunnel. Sure, there might be a light at the end of the tunnel. But, how do we know it's not the light of an oncoming train?

    My end game is capital preservation. As of now, my TSP is down 0.79%. And that's only because I tried to catch one of the first relief rallies, but was a day early. I quickly learned then that there was no timing (or taming) this beast. Although I did have some success in the (F) fund afterward. But for the most part, I've been riding it out in (G).

    One thing I must remain open to is the possibility that the 23 Mar lows will not be retested. At least not as soon as I had hoped. Dow 25,000 (50-DMA) might convince me of that in the interim.

    I've always thought that the Q1 earnings reports would push Mr. Market a lot lower. But, I don't know if I am convinced of that anymore. Especially seeing how it reacted to the record unemployment numbers... two weeks in a row! Might have to wait until at least Q2 for the economy to catch up with the virus. Perhaps then a retest will come?

    But, going back to the original topic... it's a Fed thing. The Fed is keeping Mr. Market artificially propped up. Always has... always will. Until it is abolished or fails. But, that won't anytime soon.

    If anyone reading this has faith in The Fed (hook, line, and sinker), then maybe you should pull up a seat and feast at its table. I, for one, don't possess such faith. In The Fed, that is. Therefore, I shall continue to hibernate in (G). But, don't let me keep ya from enjoying the deceitful "fruits" of The Fed.


    Quote Originally Posted by StockSurfer View Post
    Based on the current trend of stock price recovery, by May 1 stocks should be back to positive for the year.. I guess by then or shortly thereafter the sports stadiums will be filled again, the restaurants will be crowded, the airlines will be filled with travelers looking forward to adventures, the hotels will be back to normal, the cruise ships will be full, the malls will be back to pre-covid levels.. (I guess everyone but me, i’m scared of suffocating with this virus so will avoid all of the above) Most of the services that support all those industries will be back as well, most of the small businesses will have weathered the storm ... and most of those that were laid off will have been rehired... No??? Then I guess the stock market looks forward, and all of the economic “pain” From all of the above will have been remedied by actions from the Fed and the last round of legislation... Is this correct?
    Last edited by Rod; 04-10-2020 at 08:52 AM. Reason: Clarity
    "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


  18.  
  19. #1486

    Default Re: Rod's Account Talk

    Quote Originally Posted by StockSurfer View Post
    Based on the current trend of stock price recovery, by May 1 stocks should be back to positive for the year.. I guess by then or shortly thereafter the sports stadiums will be filled again, the restaurants will be crowded, the airlines will be filled with travelers looking forward to adventures, the hotels will be back to normal, the cruise ships will be full, the malls will be back to pre-covid levels.. (I guess everyone but me, i’m scared of suffocating with this virus so will avoid all of the above) Most of the services that support all those industries will be back as well, most of the small businesses will have weathered the storm ... and most of those that were laid off will have been rehired... No??? Then I guess the stock market looks forward, and all of the economic “pain” From all of the above will have been remedied by actions from the Fed and the last round of legislation... Is this correct?
    Glad to see you have a great sense of humor. People will want to venture out.... but I don't think tons of people will be clamoring into crowded restaurants. These 40 days or so will have changed people's habits...at least for a half year or so. Some folks will wear masks, and continue to be weary....until a vaccine comes out....that would be me. But at least I will enjoy going out to the river to day camp and Barbeque with very close family members!

    As for the market, no telling....she's rather fickle! Lots of mood swings!!! Lots of ups and downs! Probably much worse than menopause.... plenty of hot flashes too! and whoa to all the best laid plans of mice and Gubmint! The fixes might be a bit rough....in the end, but right now the market is definitely getting pumped up. Eventually need to figure out when to jump in for a one-two day nibble.... timing is tough and dangerous....and its gonna be easy to slip into a hole!

    Best wishes to you!
    Please do not take my comments as trading advice Current: G50-S30-C20. //Prior:8-25-20=G100%/ Chart Links=Page 241-242, posts#2892-2895

  20.  
  21. #1487

    Join Date
    Jun 2004
    Location
    In Your Imagination...
    Posts
    4,333

    Arrow Re: Rod's Account Talk

    Current moving averages to keep an eye on, should Mr. Market settle above them:

    S&P:

    50-DMA: 2,909.59
    200-DMA: 3,015.96


    Dow:

    50-DMA: 25,058.20
    200-DMA: 26,757.85


    Naz:

    50-DMA: 8,453.24
    200-DMA: 8,394.20
    "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

  22.  
  23. #1488

    Default Re: Rod's Account Talk

    I knew I was confused yesterday re: what darned day it was. lol. So yeah, Mondays open will be fun after this weekends inevitable bland dystopian madness.

    To Rods point about the unemployment numbers, totally spot on and I'd add once the March, April, and May numbers are official and codified by USBLS, things will finally be revealed for what they are right now : Dire for non-salaried workers. $1200.00 is useless as a bailout for the 49% living paycheck to paycheck-realistically that's two car payments in 2020. Rents aren't being paid, car notes aren't being paid, credit cards aren't being paid, and so on and so on up the chain until yachts are being repossessed. Oh it's gonna be a wild ride financially through May and June unless there all debt forgiveness/delay for the bad months or an aid package so large we can't even imagine it.

    To DreamboatAnnies point re: venturing out if the quarantines are lifted. You're right, peoples habits have changed, some permanently. But people are clamoring to get out, it's not normal for healthy social humans to be cooped up like this. There will be much hugging and handshaking and beers all around, then the second wave will hit and we'll be right back here, only worse because the Executive Branch won't risk the double-tanking the economy on a second shut-in and I don't blame them. More elderly and infirm deaths will come on that second round. We've seen this before with many pandemics. The plague, obvi orders of magnitude worse than Covid, bounced around England for several years. That was when cities had walls and quarantines were enforced by the sword, coincidentally that was also when a few nuns figured out wearing face masks soaked in boiled water might prevent transmission. This is 'just another flu' to a majority who still believe this is being hyped by the media. This will continue killing our parents/peers after we 'open back up'. Five in my bldg alone died last week from Covid-related pneumonia, and that was after strict cleaning and skeleton-crew procedures. Unless current FDA guidelines for vetting a vaccine are lifted, it will take one year to create a viable vaccine, and that's assuming everything goes perfect with trials.

    Re: Stocksurfer calling the arenas, cruise ships, et al as opening wide. I think we're going to see some hefty class-action lawsuits soon on those industries. I've already bought 4 plane tickets to destinations OCONUS after June because they're crazy cheap (Ecuador from IAD for $100?!?!), but I'm betting on those being cancelled by the airlines. Those industries will be mandated to try social distancing or other methods to reduce viral transmission which will make the experience cumbersome at first. So cumbersome, non die-hard fans will walk away back to their TV sets, or into their cars for travel, or give up on cruises altogether. Small business are going not going to weather this well unless they get string-free aid packages. Most small businesses can't or won't get on the hook for an aid package loan, let alone go revenue-free for a month or more as they have. I disagree with you there, we're going to see so many small businesses across so many industries go belly up our heads will spin. Further, I'd say we'll see huge businesses fall off the map or get hoovered up into massive conglomerates. Remember Hostess in 2012? Twinkies are an American institution, and they didn't start making those again for 10 months. Did you ever think you wouldn't be able to buy a Twinkie? Get ready for some more of that.

    Oh...gonna be such a wild ride unless things change within days of now. May rent is due in 20 days and most didn't pay for April. Better pray for an Easter miracle.

  24.  
Page 124 of 154 FirstFirst ... 2474114122123124125126134 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
SPY (C Fund) (delayed)
Rod's Account Talk
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
Rod's Account Talk
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
Rod's Account Talk
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
Rod's Account Talk
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes