Thread: clester's Account Talk

Originally Posted by clester

Markets have turned lower. No follow through from yesterday means we haven’t started back up yet. Bias is still down.

Let’s see if there is follow through after the reversal yesterday and pop in futures this morning. Even if we do get a bounce there is the 50 dma not too far above


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Originally Posted by clester

Let’s see if there is follow through after the reversal yesterday and pop in futures this morning. Even if we do get a bounce there is the 50 dma not too far above


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We have created another gap too. I'm afraid this may get sold intraday. I know a lot of folks are really positive with the reversal pattern so, maybe I'm wrong.

Originally Posted by clester

We have created another gap too. I'm afraid this may get sold intraday. I know a lot of folks are really positive with the reversal pattern so, maybe I'm wrong.

AAPL has turned negative. We need it to participate to get a good rally going.

Gordon Chang on Varney just said the Chinese just arrested a Canadian CEO.

Bingo! Your right... it dropped. Politicos talking Border and Budget and Government shut down!

Originally Posted by clester

We have created another gap too. I'm afraid this may get sold intraday. I know a lot of folks are really positive with the reversal pattern so, maybe I'm wrong.

Another premarket pop hmm

Originally Posted by clester

Another premarket pop hmm

For some reason I'm feeling better about todays premarket pop. I think the pattern on the S&P is forming a good base. Several days holding that 2620 ish area. Been a lot of up and down but it hasn't broken down. S fund is in kinda the same pattern but not as nice a basing pattern. Apple also has a nice basing pattern with lots of positive talk now.

Could we finally be out of the woods? If I buy it should be a 50% by via my trading rules. We are in a bear market via the 50 dma being below the 200 dma in all stock funds. I may buy some appl and Russell 2000 in my IRA if we see an intraday pullback to fill any gap that forms.

Originally Posted by clester

For some reason I'm feeling better about todays premarket pop. I think the pattern on the S&P is forming a good base. Several days holding that 2620 ish area. Been a lot of up and down but it hasn't broken down. S fund is in kinda the same pattern but not as nice a basing pattern. Apple also has a nice basing pattern with lots of positive talk now.

Could we finally be out of the woods? If I buy it should be a 50% by via my trading rules. We are in a bear market via the 50 dma being below the 200 dma in all stock funds. I may buy some appl and Russell 2000 in my IRA if we see an intraday pullback to fill any gap that forms.

Going 50% C fund.

Was thinking similar thoughts today. Main justification I have is that I only have one move left, and I’m not sure if we will get a Santa rally so now may be the only potential profit to be made this month. I’m going to use my last move today. Thinking 50c50s but may only go 25’s or 33’s.

Originally Posted by clester

Markets have turned lower. No follow through from yesterday means we haven’t started back up yet. Bias is still down.

Another gap this morning. This time down. It’s getting old. I think we reverse this gap down today. I’d rather gap down and climb up than the other way around


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Originally Posted by clester

I think we reverse this gap down today.

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Well, maybe not