Thread: Play for the bounce... if only we had unlimited trades again

Originally Posted by FundSurfer

I'll probably decide on Wednesday morning. I have to admit that I'm leaning toward the sidelines. There are too many things that could rattle the markets right now and cause a selloff - Euro troubles, congressmen spouting battle plans, Syria, oil, another hurricane, etc...

Like the saying goes...stay away till October.

FundSurfer nice to see your moving through looking for some easy snacks. I also agree that the FRTIB has really handcuffed us and made it more difficult to maintain our TSP in these turbulent times.

Originally Posted by Intrepid_Timer

Awe, the good old days............... There use to be some really good "debates" here didn't there?

IT, there have been some great debates in the past.

The melt up seems to be frustrating those bears. EU up today will help us. If news over there stays quiet we may keep the trend up. I am eyeing that 50 dma.

Originally Posted by clester

The melt up seems to be frustrating those bears. EU up today will help us. If news over there stays quiet we may keep the trend up. I am eyeing that 50 dma.

50 dma is at 1256.

Originally Posted by Intrepid_Timer

Awe, the good old days............... There use to be some really good "debates" here didn't there?

Yep. No sense crying over spilt milk though.

Milk...... Pun intended??

August is over. Now, what happens next month? I am still looking at the 50 dma. It may be a good place to sell. It's really not too far away. I think we will get there.

Originally Posted by clester

August is over. Now, what happens next month? I am still looking at the 50 dma. It may be a good place to sell. It's really not too far away. I think we will get there.

So far, it looks like bears continue to be frustrated and market keeps climbing. The news isn't terrible but bad enough to warrant some action by the Fed. It seems volatility is much lower. That is good.

I am still thinking of getting out at the 50 dma and wait to see if we get above it before getting back in.

Sam Stovall thinks we'll have a counter-trend rally for September - I'm staying long and strong.

Well the trade limitations for tsp got me again. I almost got out on the 31st but decided to go into September with moneynin stocks so I would have maximum trades during the month. As it turns out it has cost me in the short term. Thanks a lot tsp board!

Anyway, some follow through to the down side this morning before the jobs report. EU has reared its ugly head again. I think 1180 maybe 1160 at the lowest would be my exit point. 1130 is the break of the uptrend for sure but that is a long way down.

Would a bad jobs report really be good for stocks? We will see soon.

We knew a sell off was coming today. Traders don't want to be holding over this long weekend. Too much risk of stuff happening somewhere in the world. Add to that the fact that politicians like to announce bad news on Friday afternoon before a long holiday weekend. They hope it gets buried in the news and it usually does. I don't know what will get announced this afternoon, only that it will. Add to this that the President speaks before congress next week. People are unsure how the market will react. Most likely badly because the D's and the R's can agree on anything right now. No matter what the Prez says, count on the R's to poo poo his ideas. That is not good for the market.

Now, if I was you, I'd be hard pressed to decide whether to ride out the next few days or jump ship. It would be an easy decision with more trades - Jump out. You actually have not lost a trade. If you jump out, you can still jump back in and still have the option to go to G fund. I'm out. I can jump it and jump out to G and poof my trades are gone too. So even though I got out on Wednesday, we are in the same boat - kinda. I'm soo glad that I did not think about that on Wednesday cause I would have waited till Thursday to jump out.