You are a brave man!
The SPX went down and filled the open gap and the W4500 is testing the 200 day moving average. It looks like the second leg down on a potential "W" has formed. Also, good seasonality around the last week of July. I'm rolling the dice and making an IFT to the S-fund, COB Monday.
You are a brave man!
So, the S-fund has been up all 4 days since I've been holding it. Friday looked liked a negative reversal though, so I expect at least a day of red to start August. You can't be on the winning side every day with only 2 IFTs a month. I'm going to stay in stocks for the next week, but I'll be more than happy to hit the eject button if things start to go South.
I remember a week back in 2011, I think it was September, when the S&P had been down more than 2% on two consecutive days. Tom pointed out in his commentary that this almost always resulted in a snap-back rally, and indeed stocks bounced and eventually recovered from that awful summer. So, we are now looking at another two consecutive days of the S&P being down 2+%. However, the futures are currently down 3.5%. So, it looks like that indicator has failed us.
Nevertheless, I am not going to sell. Come hell or high waters, I'm going to sit on my hands and ride this out. I can take the pain. Speaking of pain, today was my last day of summer vacation, and a typhoon kept me indoors all day. I ate too much junk food, drank too much soda, and watched too many bad movies. Tomorrow I go back to work. Starting my 8th year of federal employment. I foresee at least 25 more years to go before I really consider retirement. 25 years from now, this will just be a little wrinkle in a Morningstar chart.
I like your attitude Sensei. And be proud of enjoying the junk food, and bad movies (not so much the drinking )...it all makes life fun! And you are right about the 25 years from now and wrinkles!
FS
FogSailing
Try to learn something about everything and everything about something.
Wow, Sensei, you are just getting started aren't you. Good thing you don't have that much too lose yet like me. We are basically opposites. I got 25 years in and projected retirement in 7 years. I need to change that actually but don't know to what. With my track record I'll be working till they push me out the door or I drop in the harness.
Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
Past Returns: 2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%
I am with you on this ride
Lets hope it pays off
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I hope your first day back went well. If my calculations are correct it it just about over. If you feel bad just take it out on the students. They deserve it on the first day.
PO
You think this is DCB before another move down
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I really have no clue, but usually corrections like this don't resolve themselves with a V-bottom. So, yeah, I guess my bet would be more churn before moving up again. However, whatever rally this might turn out to be could last multiple days before resuming the downfall, so it's hard to say one should sell today. Hence my plan to just keep buying and holding.
You calculated correctly, PO! This week is faculty only though, no kids to punish. Yet. :P
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