Thread: clester's Account Talk

Sounds good. Hopefully we will have good news (earnings and politics) next week. Have a good weekend!

Originally Posted by pmaloney

Sounds good. Hopefully we will have good news (earnings and politics) next week. Have a good weekend!

I'm optimistic! It's Miller time! And nfl playoffs weekend.

So far not a good start of the week. We are below the 50 dma but as long as we stay above the recent low about 2002 then we are still in an uptrend shorterm. Looks like oil hurting us again. I like it when we start off lower and then climb back through the day. Let's hope that's the playbook today..

Originally Posted by clester

So far not a good start of the week. We are below the 50 dma but as long as we stay above the recent low about 2002 then we are still in an uptrend shorterm. Looks like oil hurting us again. I like it when we start off lower and then climb back through the day. Let's hope that's the playbook today..

Fingers crossed. Fridays close was disappointing.

Oil is the killer. Price of oil goes up, stocks fall. Oil goes down, stocks fall. What gives????? To me it looks like the system is rigged.

Originally Posted by nasa1974

Fingers crossed. Fridays close was disappointing.

Oil is the killer. Price of oil goes up, stocks fall. Oil goes down, stocks fall. What gives????? To me it looks like the system is rigged.

I think it is rigged also. Just not sure how it is done - high speed computer trading?

Originally Posted by jkenjohnson

I think it is rigged also. Just not sure how it is done - high speed computer trading?

That and the computer models pricing in guesses as to what will happen a week or 2 out. The most recent example of this is last weeks gains on, partially, the rumors of QE in the EU.

I think the low oil is causing a great deal of uncertainty as we go into earnings. Low oil prices provides a great opportunity to buy great oil companies at low prices and will generally be good for our economy. Hopefully the earnings will be good. Also, this and Friday may be a breakdown in the V bounce before it goes up. Hoping good earnings inspire confidence and people start buying.

We're making a higher low today and back over 50 dma. We need to get to a new high to really get the market going but as long as we are staying over the 50 dma and/or making higher lowes my system will stay on a strong buy.

Argh! I bailed out of C yesterday!

Originally Posted by rothnroll

Argh! I bailed out of C yesterday!

I can't tell you how many times I got hit the same way. Many years of frustrating trades. That's why I have developed my system to always be in stocks AT LEAST 50% during bull markets and AT MOST 50% in bear markets. That way if I guess wrong I can minimize those feelings of frustration. Everyone guesses wrong sometimes so don't let it get to you. Stay unemotional!

Originally Posted by clester

Stay unemotional!

I will, as soon as I stop crying.