I think you did well on that chart
I'm not a charter, I'm a park ranger, but tomorrow looks like the time that I might begin REALLY worrying unless there's a bounce in the S Fund. Right now I'm holding at 50% S and 50% G.
chart1.jpg
Scott Harrison
Senatobia, MS
I think you did well on that chart
RR, I hope we see a bounce/rally, the stochs are bottoming out, support appears to be holding.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
This is exactly what I'd hoped for and I hope it holds up throughout the day. Follow through tomorrow would be icing on the cake! I sure hope today's commentary holds up to in that there has been some "rebalancing" going on and we are now set to look for another peak.
I don't know how I can be any more optimistic, but I have to admit that I'm praying that today's press conference with the big guy has no effect on the economy or the markets (unless it's good news).
chart1.jpg
Scott Harrison
Senatobia, MS
Somebody remind me to move to cash three weeks before the end of the quarter, please... I mean, if this is a thing... regularly happens kind of thing?
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
LOL, I just need to know when the top and bottom is, is that too much to ask for?
I don't know if I've ever seen the S Fund drop faster than it did in the last 7 minutes today.
Scott Harrison
Senatobia, MS
I'm going to hold what I've got with a 50% stake in the S Fund and 50% G. This way I partake of recent gains and can exit the market altogether if I need to later on and still have one more IFT to enter later in the month if there's another upturn. If I burn an IFT today and put in an additional 50%, I'd only have one move left for the month of April, which would mean an exit with no chance of reentry.
But, I do like the action of the last couple of days. I do wish that I was currently all in on days like this.
Scott Harrison
Senatobia, MS
Just a gut feeling move today. I feel that a bull flag could possibly be forming on the S Fund chart, but I'm breaking from my normal and moving some into the C Fund. At COB today I'll go from 50% G, 50% S to 50% C, 50% S. This is my first IFT for the month, so I'll still have another arrow in my quiver.
Scott Harrison
Senatobia, MS
I'm still counting on what looks like a bull flag on the S Fund chart currently. The C fund looks a little overstretched to me, so at COB today I'm moving from 50% C, 50% S to 100% S and keeping my fingers crossed. This will be my last IFT for the month and I can only go to the G Fund from here. Happy Tuesday!!
Scott Harrison
Senatobia, MS
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