Thread: retread's Account talk

Transports and HYG holding up surprisingly well despite the doom and gloom after Powell. As per usual the market took a turn down right after I allocated more. Trying to stay positive but it's so hard. Really hate these Powell events.

Yeah, HYG fell sharply early toward its open gap, which is acceptable, but it's back above its 50-day EMA again. Needs to hold! Also needs to get above 75 to break the bearish flag, which could also create more of a "V" bottom.

The normally upbeat Ciovacco is scaring me this week.

LQD has been rising since early March. Bullish divergence?

I think markets are going to explode higher after Powell today and a rally will continue through the end of March (because I am out of IFT's and cannot add in anymore). I think he is going to say what the market wants to hear. He's not going to be doom and gloom on the bank situation because that will make things worse. The banks got their bailouts again, so it's off to the races, until the next headline hits.

Originally Posted by retread

I think markets are going to explode higher after Powell today and a rally will continue through the end of March (because I am out of IFT's and cannot add in anymore). I think he is going to say what the market wants to hear. He's not going to be doom and gloom on the bank situation because that will make things worse. The banks got their bailouts again, so it's off to the races, until the next headline hits.

That would be nice!! I need a short term rally. I would more likely think we get a hard rally and then a hard sell all in a brief time. 😵*💫

Opps, guess I was wrong on that. Since I know "they" watch what I do and say, "they" saw my post and did the opposite (for today). Don't worry, everything will be up by the end of the month. This afternoon was just a fake out. The first reaction after Powell opens his mouth is usually wrong.

Very good documentary by Frontline on how monetary decisions since the 2008 Financial Crisis has led us to this ridiculous path we're on right now. Basically it is saying there's no longer a free market. All market action is being controlled by the FED and other central banks (and to some extent this includes political decisions, which is scary). Highly recommend.

https://www.pbs.org/wgbh/frontline/d...of-easy-money/

Going to check it out this weekend. Thanks

S fund looks like it's about to explode! Just don't see how it can be kept down. Hopefully is won't take off too much til we get our new IFT's next week!

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Yup. Here we go!