Thread: Valkyrie's Account Talk

him and pivot boss both are calling to hit 3k on s&p and then down. Both said down to march lows and maybe below, Pivot Point was more adamant about that will not hit Feb 2020 highs until 2025. I think I remember that right and that also Ira Epstein is basically saying same. Ira called the down turn for 4/30 when the Fibonacci line was hit. I should have went to G. lesson learned.

Originally Posted by Valkyrie

him and pivot boss both are calling to hit 3k on s&p and then down. Both said down to march lows and maybe below, Pivot Point was more adamant about that will not hit Feb 2020 highs until 2025. I think I remember that right and that also Ira Epstein is basically saying same. Ira called the down turn for 4/30 when the Fibonacci line was hit. I should have went to G. lesson learned.

That is correct about Pivot Point (James). I recently started watching Pivot Boss (Frank). He does not seem as bearish as the James. I haven't watched anything from Ira.

I Love Ira!!! He uses Bollinger bands and the 18 and 100 day MAs plus the Slow Stochastics, and swing lines. His morning flash reports are very good. oh and I think he just started using Fibonacci retracements sometime last year on his end of day financial reports.

PS I just listened to Ira. He said he is scared of Friday's unemployment numbers! I have never heard him say anything like that. He says that around 9:34 into the video.

Originally Posted by DreamboatAnnie

PS I just listened to Ira. He said he is scared of Friday's unemployment numbers! I have never heard him say anything like that. He says that around 9:34 into the video.

That also makes me nervous, and the reason why I will likely IFT today if it looks like we will close green by the IFT deadline. But, we all know that anything can happen after that deadline, especially with some Fed Folk scheduled to speak today... with Minneapolis Fed's Neel Kashkari scheduled to speak right at noon and Philadelphia Fed's Patrick Harker scheduled to speak at 1600. When St. Louis Fed's James Bullard spoke on Tuesday at 1500, Mr. Market declined as he spoke. I witnessed it firsthand.

But if everyone is nervous about Friday, then that means Mr. Market will once again ignore the news and advance.

Everyone is nervous about Friday. AAII bearish now back down to 23.67%! Bearish above 52%!. I wonder what NAAIM will be at today?

Originally Posted by Happy_Trails

Everyone is nervous about Friday. AAII bearish now back down to 23.67%! Bearish above 52%!. I wonder what NAAIM will be at today?

I assume you meant 23.67% are bullish, and that really is surprising.

Originally Posted by tsptalk

I assume you meant 23.67% are bullish, and that really is surprising.

Thanks, Tom. Yes, 23.67% bullish, over 52% bearish.

100G COB.

Originally Posted by Rod

That also makes me nervous, and the reason why I will likely IFT today if it looks like we will close green by the IFT deadline. But, we all know that anything can happen after that deadline, especially with some Fed Folk scheduled to speak today... with Minneapolis Fed's Neel Kashkari scheduled to speak right at noon and Philadelphia Fed's Patrick Harker scheduled to speak at 1600. When St. Louis Fed's James Bullard spoke on Tuesday at 1500, Mr. Market declined as he spoke. I witnessed it firsthand.

But if everyone is nervous about Friday, then that means Mr. Market will once again ignore the news and advance.

Yep, your right that anything can happen, and lots of times what you think will happen doesn't materialize. But lots of people talking up the market...And it may work! So, it may very well advance... But for how long? Futures are up right now...kinda wish I had stayed in, but market is at what looks like an a turning point...or very close to it. So, I am at peace with my decision.

something is and has been wrong with corporate america

https://www.marketwatch.com/story/at...le_top_stories

How’s your 401(k) doing?
Stephenson even got a $1.2 million company matching contribution to his “deferral plans” last year. He also holds at least $20 million in stock and options in the company. His total compensation for the last three years averaged $30 million a year.
AT&T declined to comment beyond confirming the numbers.
Awkwardly, Stephenson recently warned that AT&T’s 250,000 world-wide employees could face layoffs due to the coronavirus crisis. Details haven’t been announced. Nor have any severance terms.

As of today I'm looking for a S&P low of 2700 or a little lower to get back in. Then let it ride to 3000 or a little higher and then out and watch it drop to the march low and maybe beyond.

This could always change per any extreme news events.