Thread: Rod's Account Talk

Of course... now that I am 70 (C) 30 (S), Cramer is saying... "The market is stretched!"... "Ring the register!" He's more emotional than Mr. Market!

(I am making an attempt not to act upon emotion by following the 3-5 day confirmation rule.)

He did make a good point... one that I thought of myself yesterday. And that point is this- remdesivir is now baked in, and Mr. Market likely won't receive any further lift from it. Does that now mean earnings will once again rule and move the market in one direction or another? Cramer seems to think so. I guess we'll just have to see.

Maybe fundamentals will start to drive the market a bit more but the Fed won't allow it I bet.

Originally Posted by Happy_Trails

Maybe fundamentals will start to drive the market a bit more but the Fed won't allow it I bet.

After the AAPL and AMZN reports came out, all I have are hopes and dreams. Tomorrow may ride solely on emotion from investors and the hopes of going into the weekend 'up'.

Broken record, but I'm happy to have more shares of each at midnight than on Feb 22. Long game, engaged.

Originally Posted by Happy_Trails

Maybe fundamentals will start to drive the market a bit more but the Fed won't allow it I bet.

Because Mr. Market has rallied +30% off of the 23 Mar lows, I would not be surprised if Daddy Fed allows Mr. Market to consolidate at least 10% in the very near future. I just hope that now I am in, that I do not get caught up in that... as I am willing to ride the S&P 500 to just below its 50 EMA. That is currently about a 3% decline. We know all too well that a 3% decline can occur on any given day.

If my IFT on the 3-5 confirmation rule does not end up working out for me, at least I will then know that I cannot rely upon it in this environment. But, I had to at least make an attempt at it.

I was looking for a handy dandy earnings calendar website which specifically lists when the earnings report would be released- before or after the bell. So far, this is ideal:

https://stocktwits.com/discover/earn...dar/2020-04-27

Well, it looks like today's IFT is a bust. Of course, now that I am in the game, there won't be a turn-around in the afternoon. With my luck, this is the beginning of that 10% consolidation I mentioned in an earlier post. I wouldn't be surprised if the S&P 500 closes below its 50-EMA which is currently 2,822.63.

PROVE ME WRONG MR. MARKET!

At any rate, hopefully Coolhand's bullish NAAIIM report soon comes to fruition.

My gut feeling is that you'll be very happy by the end of the day and Monday will be great too.

suggest you watch the PivotBoss vid. he's been very accurate lately.

Originally Posted by rangerray

My gut feeling is that you'll be very happy by the end of the day and Monday will be great too.

That's why I dare Mr. Market to prove me wrong. But, he usually doesn't take me up on that.

Folks need to stop selling AMZN and AAPL for this thing to turn around. As of now, AMZN is down 6%, and AAPL is down 1.57%.

Based on how the market has behaved since the lows of late March, I'm inclined to not believe that the market is down today due to earnings reports. For crying out loud, except for the reports involving those companies that have largely benefited from the shutdown, no bad earnings report should be a surprise to anyone. Yet, the bear market rally persists.

Originally Posted by Rod

That's why I dare Mr. Market to prove me wrong. But, he usually doesn't take me up on that.

Folks need to stop selling AMZN and AAPL for this thing to turn around. As of now, AMZN is down 6%, and AAPL is down 1.57%.

At least AAPL is now positive by 1.32%.