Taking a nibble today. 15 - I 10-C 5-S still have 1 IFT left if we tank again before eom.
Cheers Clester and Happy new year everyone!!
Here's the rally. How long will it last? My buy signal was right. Hope i get that second drop to set up that scenario i have been looking for.
100 G
RSI - Relative Strength Indicator DMA - day moving average
Taking a nibble today. 15 - I 10-C 5-S still have 1 IFT left if we tank again before eom.
Cheers Clester and Happy new year everyone!!
Last edited by BooDog; 01-12-2016 at 10:10 AM. Reason: Clester not Chester! :-)
Been looking a little closer at charts and may be buying today. Gonna let it play out this morning but leaning toward getting in. I have been looking on a little longer time frame (back to Aug) and I see the divergence that I have been talking about on the S and I funds. (RSI moving higher while prices make a lower low). The C fund hasn't done the same but is holding the lower trend line and touched RSI of 30.
Also, I need to see the selling abate before jumping in and we may have that too.
100 G
RSI - Relative Strength Indicator DMA - day moving average
Hey Jeff, Hope you're enjoying retirement.
This is a good question. It's a gray area in my system. I usually only go in 50% in a bear market but the setup we have is a pretty safe bet and would override that. So, I would go 100% in this case but I would be careful. I only have 1 trade left. So, if the trade doesn't work out I would get out and have to sit on the sideline the rest of the month.
Markets are volatile. Be careful.
100 G
RSI - Relative Strength Indicator DMA - day moving average
Decided to hold off. I just really need to see the selling stop. I think we are near a buy but patience is a virtue.
100 G
RSI - Relative Strength Indicator DMA - day moving average
Yesterday just blew up my divergence case. So, all I have now is a sub 30 RSI and looking for a 20 print to override all other signals. I watch the S&P for that. The S fund is under 21 as I speak but that index has been so week for a long time that I'm not using for a buy signal. It is more volatile and therefore can go lower. Also, I need to see the selling stop.
I think everyone is trying to figure out why we are dropping so much so fast. I think it could be foreign investors taking money out. China, Europe, etc
100 G
RSI - Relative Strength Indicator DMA - day moving average
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
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