My plan is to remain 100 (S) for awhile. I need to get into positive territory. But, I might have to ride some down days to get there. Currently down 1.78%. If WMT and HD can't prop up Mr. Market tomorrow, then it'll likely be down because of today's massive rally. We shall see!
"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
"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
Fear and Greed Index is currently at "53 Neutral." It hasn't been in the 50's in weeks, or maybe even months.
https://money.cnn.com/data/fear-and-greed/
"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
I jumped in with you all, making a buck at the moment; I have a big ways to go... and now a fresh gap just below us.
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!
Well, things were looking up until about 10 min ago when it took a dump. Like I said earlier, we will not likely get any direction until the last 10-15 min of trading.
"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
Crap shoot not in my favor. We'll see what tomorrow and the rest of the week brings.
"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
As of now, futures look good. But as we know all too well, they cannot be relied upon.
Tomorrow's agenda...
Lowe's and Target will report before the opening bell. Who knows what will happen there.
In addition to the FOMC minutes @ 1400, the following 2 will be speaking @ 1000:
Atlanta Fed's Raphael Bostic.
St. Louis Fed's James Bullard.
Although they can move the market in either direction, I hate it when these guys open their mouths. Generally speaking, I hate it when the market reacts to whoever is talking at the time. No one should have that much power and influence over the market. Man, how I wish the market would stick with the technicals- for the most part. But sadly, those days no longer exist.
Could be a roller coaster of a day. As usual, don't become too optimistic or pessimistic until the last 10-15 minutes of trading. Because anything can happen up to and until then.
God Bless
"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
Don't forget about the Donald...He hasn't done it in a while but there's been many times when he sent out a tweet that sent the market up or down by quite a bit... I still think he tells his friends before he does it.
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Expected FERS Retirement; December 2028
Thru-hike the Appalachian trail spring 2029
Perhaps a new strategy to employ...
This seems to be an "orally-fixated", headlines-driven market. Instead of being driven by fundamentals/technicals, Mr. Market is driven (either negatively or positively) by whoever is on the market pedestal at the time (CNBC interviews, for example), or to "breaking news" headlines. Moreso nowadays than in the past.
Lately, most of these have come out of nowhere. I am becoming convinced that unless I am fully exposed to the market at all times, I will have a more difficult time catching those market pedestal/headline-driven rallies. Of course, market pedestal/headline-driven sell-offs will indeed occur from time to time.
As long as the rallies outweigh the sell-offs, then I can remain ahead of the game. Because vaccine news seems to be breaking more and more, I just might have to play things from this angle and remain 100 (S) through thick and thin until I have a good reason to exit.
Mr. Market doesn't seem to care about fundamentals/technicals any longer, so why should I?
Can you sense the sarcasm?
Experiment
The opening bell is about 20 min out, and futures are up sharply due to great earnings reports from Lowe's and Target. Remember, the reason why I made an IFT to 100 (S) is because of some heavy hitters reporting earnings this week. Tomorrow is Best Buy and Nvidia. Best Buy reporting before the bell, and Nvidia after.
I posted earlier that Atlanta Fed's Raphael Bostic and St. Louis Fed's James Bullard will open their mouths at 1000. Whatever they say will definitely move Mr. Market in one direction or the other. Will they pour cold water on today's rally?
Even if the rally is sustained into the early afternoon, then we have the FOMC minutes to contend with at 1400.
Therefore, will today's rally sizzle or fizzle? Will it even fizzle out of the gate before hearing from the Fed at 1000?
We shall find out soon enough.
God Bless
"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
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