Thinking of jumping back in today for christmas? Opinions?
Been in G for about a month waiting for the next shoulder. Looking for entry point and today looks like it might fit the bill. Should I be waiting for a more significant drop do you think..what, like S&P at 2000?
Just sick of being out all the time and it seems like we are getting close to something.
Re: Thinking of jumping back in today for christmas? Opinions?
November was kind to me. I stepped aside last week so at the moment I'm in the G with you. I may let the dust settle for a bit.
Re: Thinking of jumping back in today for christmas? Opinions?
Who has the magic ball today? I thought I was supposed to get it back this morning!! LOL A general read seems like everyone is waiting for a bit more of a pullback. Guess I'll do what I always do and sit here with my thumb up my nose until it's too late.
Re: Thinking of jumping back in today for christmas? Opinions?
A quick glance at the top 25 for this year shows about a 60/40 split to In vs. Out.
I generally like being in equities during December but this year I think the head winds are getting tough.
Re: Thinking of jumping back in today for christmas? Opinions?
Double whammy unexpected decline in retail sales and energy, and seasonally weak early december and you're asking? If you were out before this hit beginning friday, be thankful. I for one don't think this is a buy today.
Re: Thinking of jumping back in today for christmas? Opinions?
Thanks for the opinions...Guess I'll sit out another day and see how things shake out.
Re: Thinking of jumping back in today for christmas? Opinions?
2000 would be a tough hold but would definitely make you put your thinking cap on. You could be in for a long sit waiting for another 2.5% but then again it could happen tomorrow and keep going.
Of course while sitting in the G that would not be a bad thing.
Re: Thinking of jumping back in today for christmas? Opinions?
Looks like a double crossover (Stoch & MACD) on the S&P500 today. Now's the time to get out, not to get in. My 2 cents.
Re: Thinking of jumping back in today for christmas? Opinions?
Quote:
Originally Posted by
kb9nvh
Thanks for the opinions...Guess I'll sit out another day and see how things shake out.
Same oat as you. I think the down day was just a teaser and it will go lower yet this next week/week and a half. I think one thing I've learned most of the last year is patience and not trying to hit a quick homerun every day/IFT.
Re: Thinking of jumping back in today for christmas? Opinions?
Quote:
Originally Posted by
Cactus
Looks like a double crossover (Stoch & MACD) on the S&P500 today. Now's the time to get out, not to get in. My 2 cents.
Is this a CRAP maneuver?
Re: Thinking of jumping back in today for christmas? Opinions?
Quote:
Originally Posted by
Frixxxx
Is this a CRAP maneuver?
No, that is the decision of Cactus.
For anyone who doesn't know, CRAP (Cactus' Reverse And Profit) is my contrarian indicator. If you take my IFTs for this year and reverse them to what they were previously you get the results for CRAP. As of yesterday Cactus was at -7.45% for the year while CRAP was at +21.52%. That would put it at #3 on the AT today. It was at #2. I guess Cactus is improving, :D but you are still better off with CRAP. :)