An AC/DC song comes to mind. Good luck!
The SPX got down to 2628 before bouncing up from that level this morning, my thought is this might be close enough to the 2625-2600 level for a short-term play here. Don't know how long I'll stay in, possibly just a day or two depending on the rebound. 100 C Fund COB.
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100 G COB 11/3/23
An AC/DC song comes to mind. Good luck!
Well, I botched my last exit the end of October and pulled out way too early after actually timing my entry nicely...I won't be quitting my day job anytime soon . I'm still bearish in the intermediate term, but am still trying to pick up gains when the charts show decent entry points...which the current inverse H&S pattern looks to be indicating. While the SPX is still below it's 200 DMA, there appears to be a possible wave C (of 2) in progress, so we'll see. Also hoping for some holiday upside next week. Still a ton of geopolitical crap out there, which can move the markets just as much as the fundamentals and data. Best of luck in the coming week. 100 C Fund IFT today.
S&P 500 chart:
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Elliot Wave counts:
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100 G COB 11/3/23
Nice gains in the equity markets today, with many chart technicians calling for a better looking December than a couple of weeks ago. I've been reading articles and watching some videos this evening trying to get a handle on what some folks think might happen in December...and there seems to be at least some agreement that we are in the beginning stages of the next up wave, before the next big downward push possibly in January-ish. Right now I'm inclined to stay in equities and see if I can finish this year on a high note. I have to admit it's been a frustrating year, but we all know those happen occasionally...some more than others . It's sounding more likely that the Fed will employ another rate hike at their December meeting before halting for a bit and seeing what the landscape looks like early next year. Not sure if the rate hike week will be the catalyst for a wave down, but I wouldn't be surprised. 2019 is shaping up to be a very challenging year in the markets, but let's see how December finishes out first. Letting it ride 100 C fund for now.
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100 G COB 11/3/23
Currently we appear to be in the last leg up (c, of an a-b-c) of Wave 2 (Wave 1 being the October lows), before the next major downward move Wave 3 begins...sometime early next year possibly. Caution and patience are critical now.
"Bears expected the S&P 500 to break below 2,600 last week, but instead the market headed up on Monday, Henrich noted. Powell did his part to help the rally, and if Trump gets a deal with China, that would complete that bear trap, pushing gains possibly into the first quarter of next year," he said"
https://www.marketwatch.com/story/ha...rap-2018-11-29
100 G COB 11/3/23
I haven't posted in forever, just a quick update. I began the year in the C Fund (chart below), but the charts are indicating an overbought condition, of course I've been saying that for most of the past couple of years and it's cost me many gains . Equities have advanced uninterrupted for the past four months, just weighing the odds at this point. Best of luck!
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100 G COB 11/3/23
It's been a nice run so far this month in equities, and it's possible it may continue...but at this point that charts are looking a bit short term toppy. I thought the F Fund chart looked interesting with what appears to be a well defined cup and handle pattern, which often is a bullish continuation pattern. With coronavirus continuing to be a factor, and the charts where they are I made an IFT COB today to the F Fund. Not sure for how long, we'll see what happens next week.
S&P 500 (C Fund) chart:
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AGG (F Fund) chart:
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100 G COB 11/3/23
Things are getting interesting in the markets. Looking at the charts, we can see a number of negative divergences in equities as well as bearish crosses. This past week might turn out to be an important one to look back on for market analysis, time will tell. The AGG (F Fund) is still looking solid, while the VIX is on the rise which is bearish for equities. I plan on staying in the F Fund for a while longer. Best of luck next week.
SPX (C Fund)
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DWCPF (S Fund)
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AGG (F Fund)
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VIX
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Looking at Daneric's chart, we're getting close if not already started down on wave 4 of (5).
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100 G COB 11/3/23
Thanks for posting!
We'll just keep each other company in (F).
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Looking for a short- term oversold wave B bounce at these levels. Might only be for a day or two as I think there's more room to the downside before we find a bottom. IFT 100 S Fund COB today.
If I had another IFT I would have done the same and been right there with you. Good luck! I decided that the F fund is running on fumes now and bailed to G instead today.
I did the same for my wife's TSP and moved from F to G (she's now at +7.21% for the year since I was more patient with one of the moves in January in her account).
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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