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Thread: coolhand's Account Talk

  1. #1201

    Default Re: coolhand's Account Talk

    Quote Originally Posted by coolhand View Post
    Here's the reason why I'm looking for a short term rally.

    http://www.traders-talk.com/mb2/inde...owtopic=107515

    This is taken from a premium service I subscribe to, part of which was posted on the open MB. I won't play a one day buy signal with TSP, but with the five day also in buy territory it greatly enhances my chance for some profit.

    These one and five day signals are not as straight forward as you might think. They are issued with a measure of flexibility, which is why the one day signal is good until Wednesday.
    I see it in my charts too and I'm also thinking about a short 1-2 day play. Look at the TNX.

    Attachment 6466

    The TNX suggests that we could see a bounce in the market tomorrow morning, but the chart is looking scary. Notice that it has been bouncing off the 20dma since March. The Fed and the Treasury are idiot crooks. Once GS gets their shorts ready, the Feds will pull liquidity to drive everybody to the safety of bonds, crashing the market and the TNX, because their buying of treasuries ain't working. Are we about to see the TNX fall trough the 20 dma? I don't know.

    Be carefull and good luck.

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  3. #1202

    Default Re: coolhand's Account Talk

    CH,

    Looks like a really good day to buy in if that is your move. What kind of an exit point would you be looking for?

    G/L.


    Turbo

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  5. #1203

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by 350zCommTech View Post
    The Fed and the Treasury are idiot crooks. Once GS gets their shorts ready, the Feds will pull liquidity to drive everybody to the safety of bonds, crashing the market and the TNX, because their buying of treasuries ain't working. Are we about to see the TNX fall trough the 20 dma? I don't know.

    Be carefull and good luck.
    You're right. The manipulation has been overt, but I have to take my buy signals when they present themselves...and that ain't often.

  6.  
  7. #1204

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by turbo23dog View Post
    CH,

    Looks like a really good day to buy in if that is your move. What kind of an exit point would you be looking for?

    G/L.


    Turbo
    My exit point is profit. I'm not looking at targets as TSP is too inflexible to pick one. I'll be monitoring my sources for guidance here, but if we get that rally I won't be trying to push it too far. We get back above 920 SPX and I'll be happy. As I said previously, we could see a ST move higher that could last for about one week, but expect some chop during that move. It could go higher than most people think due to end of quarter market positioning too.

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  9. #1205

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by coolhand View Post
    We are coming up on the end of the quarter, so window dressing may be liberally applied very soon.
    Very good point.

    Plus, if your stomach doesn't have a couple of butterflies fluttering around, I would get worried.
    Which one of you nuts has got any guts? -- Randle P. McMurphy
    ... stupidity will always find a way. -- Nnuut

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  11. #1206

    Default Re: coolhand's Account Talk

    I am plunging in 50C/50S. Best.


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  13. #1207

    Default Re: coolhand's Account Talk

    I got tied up on the phone and couldn't pull the trigger.

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  15. #1208

    Default Re: coolhand's Account Talk

    Quote Originally Posted by Gumby View Post
    Inflation and higher interest rates are going to happen. I have been buying the ETF TBT in my trading account as a long term hold. This fund increases in value as the 20 year treasuries drop in value....(yield goes up).

    Just following up..... TBT has been a great ETF to hold all year. Last week it was up about 50% for the year.

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  17. #1209

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by Gumby View Post
    Just following up..... TBT has been a great ETF to hold all year. Last week it was up about 50% for the year.
    I know, I've been tracking it for months. Think it may have peaked for awhile.

  18.  
  19. #1210

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by 350zCommTech View Post
    I got tied up on the phone and couldn't pull the trigger.
    That may have been a good thing...

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  21. #1211

    Default Re: coolhand's Account Talk

    Quote Originally Posted by KevinD View Post
    That may have been a good thing...
    Yeah, the YEN continue to rise and the Nikkei is down 300. This is worst than what I was expecting. And the futures being green does not help either.

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  23. #1212

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    Default Re: coolhand's Account Talk

    You'll have to let me know how you liked that book Kevin.

    Here's a good read for you timers out there...if you're buy and hold, don't open this link!

    http://www.advisorperspectives.com/n...ally_Works.php

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