Thread: Bquat's Account Talk

My 50 Day tested as resistance and back below 100 Day. Possible bear flag.

Was looking like we may keep above the bottom of the Longterm channel but we closed confirming both the 50 and 100 days as resistance.
If the Higher Low line and N 0 line don't hold the pattern can confirm with potential to N 2. Just my worst case guess. N 1 is near gap fill: Good G 20 news needed.

Definitely a quick retest of my 50 Day. This was kind of unexpected for me. Still within the parameters of a Bear Flag. Wonder what the news was?

Don't know why it happened but definitely a change in outlook. Short term channel?

Looks like I will miss this train. It might be near the last station any way.

Originally Posted by Bquat

Looks like I will miss this train. It might be near the last station any way.

Maybe...but I'm hoping on for positioning in July. 50C and 50S for me. Timed my last out about perfect but missed this bull run. Methinks G20/China may be for some good news.

Originally Posted by Mcqlives

Maybe...but I'm hoping on for positioning in July. 50C and 50S for me. Timed my last out about perfect but missed this bull run. Methinks G20/China may be for some good news.

Wow...my typing sucked yesterday! Anyway, got the good news from G20 on China today. Trump is holding off on new tariffs and lifting restrictions on selling to Huawei while he also says China will buy lots of our farm goods...hopefully China issues a similar statement. I hope the markets respond as if this is a pleasant surprise and not as if it has already been priced in.

On a side note, I never got my email confirming my TSP interfund transfer. I just logged on and made sure it went through (it did) but still no email. First time for that tsp snafu for me...

Have a great weekend everyone!!!

That indeed is good news; I had been wondering about the recent, dramatic jumps in SOXL the past 10 days (we're talking several, 10%+ daily moves), so I conclude now that this had been in the works...wish I knew. Expecting 2% in equities next week, especially if jobs report meets expectations. Go Donald. Let it rain $.

Originally Posted by Bquat

Looks like I will miss this train. It might be near the last station any way.

Finally I have IFT's again. I don't think this is a good spot to get on the train. Chart for July:

Originally Posted by amoeba

That indeed is good news; I had been wondering about the recent, dramatic jumps in SOXL the past 10 days (we're talking several, 10%+ daily moves), so I conclude now that this had been in the works...wish I knew. Expecting 2% in equities next week, especially if jobs report meets expectations. Go Donald. Let it rain $.

100 % G today. A breather.

Yup, gaps, I hate gaps. Still in 5 % each C S I