Thread: Tsunami's Account Talk

Perfect timing on that move, congrats Tsunami.

Originally Posted by tsptalk

Tsunami starts retirement by taking the lead on the Autotracker in week 1!

So much for getting conservative during retirement.

https://www.tsptalk.com/tracker/tsp_...all_non_ps.php

Originally Posted by tsptalk

Tsunami starts retirement by taking the lead on the Autotracker in week 1!

So much for getting conservative during retirement.

https://www.tsptalk.com/tracker/tsp_...all_non_ps.php

Thanks, I'd rather be #1 at the end of the year though.

Originally Posted by Tsunami

Thanks, I'd rather be #1 at the end of the year though.

Chinese Proverb:

A journey of a thousand miles begins with a single step.

I always like to listen to what Craig Johnson has to say. He’s been amazingly accurate year after year.
https://www.financialsense.com/podca...-craig-johnson

A summary of his 2019 outlook if I heard it right:

• Very short-term, this rally will peak between 2530 and 2580
• Then we get the final panic down to 2300 to 2350 (Gunner’s target down near 2300-2311 still looks good to me: http://www.gunner24.com/newsletter-archive/december-2018/22122018/http://www.gunner24.com/newsletter-archive/december-2018/22122018/ )
• Bull market resumes, peaking near 2900 at some point this year
• S&P 500 ends 2019 at 2725

That all sounds reasonable to me, especially the short-term view. I’m hoping for a bit higher, maybe even touching the 55 EMA on chart #01 here: https://stockcharts.com/public/1172710 That would be around 2625. More realistically maybe it touches the channel in chart #54 here: https://stockcharts.com/public/1107832/tenpp/5 That would be around 2600.

Great reading by Ray Dalio here: https://www.linkedin.com/pulse/help-...cle-card_title

Looking forward to Ciovacco getting his weekly video up: https://twitter.com/ciovaccocapital

Go Seahawks!

Hate to throw a wet blanket on the ZBT thing (which I started on Whipsaw's thread), but per this analysis by Tom McClellen it sounds pretty useless, especially if we've entered a bear market.

https://stockcharts.com/articles/tac...st-signal.html

I'm seeing divergences in technical indicators (15 minute chart: https://stockcharts.com/public/11078...book/444193383 ) so think this rally since 12/26 is on it's last legs, now in wave 4 of C. Maybe one more high (wave 5 of C) today or tomorrow closer to 2600 and that's it. Hmm. Might bale to G today. Bonds looks like they need more time to consolidate.

Thanks for providing that commentary, very interesting read. If nothing else, the ZBT seems to indicate when markets seem to be getting to an overbought point, as for whether it signals a longer upward trend, yeah who knows. Good Luck either way.

Oh my, I See I was paSSed by a heard of Sneaky SSSSSSnakes today, and Several of them were wiSe enough to move to G or F. Futures are solidly down, looks like I was one day too early in bailing out.

This kind of kiss of the underside of a broken channel can be a dangerous thing...
https://pbs.twimg.com/media/DwfB1A4X0AADgSu.jpg

Hmm, I guess this is what happens when the Fed caves in:

JNK.JPG

Let's hope the futures change positive.

Congratulations TS! Enjoy your retirement! You earned it! That going to work thing will go away pretty soon! LOL

Originally Posted by Tsunami

Oh my, I See I was paSSed by a heard of Sneaky SSSSSSnakes today, and Several of them were wiSe enough to move to G or F. Futures are solidly down, looks like I was one day too early in bailing out.

This kind of kiss of the underside of a broken channel can be a dangerous thing...
https://pbs.twimg.com/media/DwfB1A4X0AADgSu.jpg

Hmm, I guess this is what happens when the Fed caves in:

JNK.JPG

Better 1 day too early, then 2 days too early like me.

I'm so envious/impressed with those that have held out in stocks until today. You've been rewarded handsomely.

So when is the inevitable short-term top? DeMark says today, then another rally to 2713:
https://www.bloomberg.com/news/vhttp...-17-2019-video

Martin Armstrong says Monday 1/21, Elliott wave guys are saying any second now we're due for a "wave B" pullback.

I'm hoping for that wave B down starting by Monday, down to the lower Keltner band (see 3rd chart), then wave C blasts off to the upper Keltner band by late May, to 2800ish.
https://stockcharts.com/public/1172710

Sticky pants for the ladies out there:
https://www.stickyseat.com/