We are in full weekly correction mode now; 50 day moving average has been tested 3 times, as well as the bottom trendline on the SP500 and both failed this morning. I'm hoping this will be the breakout retest from the 200 to 2007 peaks, at least for the SP500. Should be met with ample buying pressure when/if we get another 5% or so down.
Investors....come in please!
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"Fed wind-down fears"
We knew this was coming for how long, now?
I was tempted to pull out cash Tue afternoon, as I was certain this would happen, but choose not to gamble and time the market.
It will go down a bit, then people will buy back in and it will go up again. Quite annoying.
We knew this was coming for how long, now?
I was tempted to pull out cash Tue afternoon, as I was certain this would happen, but choose not to gamble and time the market.
It will go down a bit, then people will buy back in and it will go up again. Quite annoying.
Originally Posted By: surfstar
"Fed wind-down fears"
We knew this was coming for how long, now?
I was tempted to pull out cash Tue afternoon, as I was certain this would happen, but choose not to gamble and time the market.
It will go down a bit, then people will buy back in and it will go up again. Quite annoying.
I've been having some good success using weekly charts and using moving average based indicators like Wilders RSI and Stochastics. Both have been on weekly sell signals for several weeks as weekly momentum stalled significantly the last few weeks.
Market makers are evil [censored]; there's no doubt about it; they'll jerk the market up one way, fake everyone out, and yank it back the other way! The SP500 broke out of a bull flag type formation and they sold right back down. That was my clue to say adios to the markets for a while.
"Fed wind-down fears"
We knew this was coming for how long, now?
I was tempted to pull out cash Tue afternoon, as I was certain this would happen, but choose not to gamble and time the market.
It will go down a bit, then people will buy back in and it will go up again. Quite annoying.
I've been having some good success using weekly charts and using moving average based indicators like Wilders RSI and Stochastics. Both have been on weekly sell signals for several weeks as weekly momentum stalled significantly the last few weeks.
Market makers are evil [censored]; there's no doubt about it; they'll jerk the market up one way, fake everyone out, and yank it back the other way! The SP500 broke out of a bull flag type formation and they sold right back down. That was my clue to say adios to the markets for a while.
If it weren't for AGNC I would have a great day. But I did pretty good.
LINE up 11% since I bought at the opening yesterday.
TZA up 7.76% today.
TZA up 7.76% today.
JHZR2
Staff member
Originally Posted By: Pablo
If it weren't for AGNC I would have a great day. But I did pretty good.
Me too. But that div is coming soon.
I have to laugh because for all the folks who gripe about the government "printing" money and how bad it is, well, ending QE is a good thing, and should be "better" than the buying of bids and incurring of excess debt and liabilities on whatever group of balance sheets. So all the "haves" that "know better" should have been buying heavily on the indication.
If it weren't for AGNC I would have a great day. But I did pretty good.
Me too. But that div is coming soon.
I have to laugh because for all the folks who gripe about the government "printing" money and how bad it is, well, ending QE is a good thing, and should be "better" than the buying of bids and incurring of excess debt and liabilities on whatever group of balance sheets. So all the "haves" that "know better" should have been buying heavily on the indication.
Originally Posted By: Turk
Lost my behind, but it couldda been WAY worse...
I hope we see when it's going to be a buying opportunity, whenever that will be...
These intermediate term weekly corrections historically do the 61.8% retracment or down to the 200 day/50 week moving averages, so those areas should be good targets for the Dow/SP500. I'd imagine a backtest one more time though back into the trend channel/50 day moving average where shorts will pile on. That's what I'll be watching for.
Lost my behind, but it couldda been WAY worse...
I hope we see when it's going to be a buying opportunity, whenever that will be...
These intermediate term weekly corrections historically do the 61.8% retracment or down to the 200 day/50 week moving averages, so those areas should be good targets for the Dow/SP500. I'd imagine a backtest one more time though back into the trend channel/50 day moving average where shorts will pile on. That's what I'll be watching for.
JHZR2
Staff member
Originally Posted By: Warstud
Originally Posted By: Pablo
TZA up 7.76% today.
You got into that at the right time.
Seriously. If I had bought it, surely it would be down 7.76% today.
Originally Posted By: Pablo
TZA up 7.76% today.
You got into that at the right time.
Seriously. If I had bought it, surely it would be down 7.76% today.
Originally Posted By: Turk
Lost my behind, but it couldda been WAY worse...
I hope we see when it's going to be a buying opportunity, whenever that will be...
I shouldda elaborated. I'm only 25% in the market, so even though I lost some (on paper) I wouldda lost a lot more if I was in for 60-80%.
Thank God I pared down...
Lost my behind, but it couldda been WAY worse...
I hope we see when it's going to be a buying opportunity, whenever that will be...
I shouldda elaborated. I'm only 25% in the market, so even though I lost some (on paper) I wouldda lost a lot more if I was in for 60-80%.
Thank God I pared down...
Sold TZA this AM. I suddenly feel naked and uninsured.
Doubled up AGNC at $23.55 at the open this AM.
May make other moves as the day goes on.
Doubled up AGNC at $23.55 at the open this AM.
May make other moves as the day goes on.
A SIGN?????
Listening to Bloomberg Radio on the way home. They said Emerging Mkts Stocks & Bonds are way over-sold.
I was trying to remember the Ticker, I knew it was EE-something..., thought it was "EEM"
THEN the License plate right in front of me had ###-EEM on it. So, is it time to but EEM??
EDIT: I just tip-toed in & bought 100 sh. at 36.83. HA!
Listening to Bloomberg Radio on the way home. They said Emerging Mkts Stocks & Bonds are way over-sold.
I was trying to remember the Ticker, I knew it was EE-something..., thought it was "EEM"
THEN the License plate right in front of me had ###-EEM on it. So, is it time to but EEM??
EDIT: I just tip-toed in & bought 100 sh. at 36.83. HA!
Don't rub it in.
23.03 now. What a turd that stock is.
Originally Posted By: Turk
A SIGN?????
Listening to Bloomberg Radio on the way home. They said Emerging Mkts Stocks & Bonds are way over-sold.
I was trying to remember the Ticker, I knew it was EE-something..., thought it was "EEM"
THEN the License plate right in front of me had ###-EEM on it. So, is it time to but EEM??
EDIT: I just tip-toed in & bought 100 sh. at 36.83. HA!
Anyone gonna buy EEM on this "Sign"
A SIGN?????
Listening to Bloomberg Radio on the way home. They said Emerging Mkts Stocks & Bonds are way over-sold.
I was trying to remember the Ticker, I knew it was EE-something..., thought it was "EEM"
THEN the License plate right in front of me had ###-EEM on it. So, is it time to but EEM??
EDIT: I just tip-toed in & bought 100 sh. at 36.83. HA!
Anyone gonna buy EEM on this "Sign"
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