OldDix TSP

Hello October and what will you bring? In the last two months, the markets have sunk lower and it is time for a rebound. If you are out, how do you get back in? That is the topic this weekend and we are going to set levels.

Ugh! That was ugly and it was made even more ugly for me personally because of a mistake on September 19th. More on this situation below.

Really nice opening but I am making the move.

Things are not improving. Let me show you the new charts as of the close today and what that level will be after the close. Keep in mind, that levels move because it is a moving average.

Things are close and action might have to be taken tomorrow, but as for today, I will do nothing. Let me show you the daily, 30-minute, and 1-minute charts.

This is a thought that I want all of you to consider when thinking about where are my gains for 2023.

That is a pretty crazy statistic and it is a shame that just 5 to 7 companies are driving an index, the C-fund. It is what it is and I will always be trying to find a way to improve entry and exit to improve gains and protect capital.

That takes me to Supertrend which I am trying to learn because it is a faster scanning tool than my method. But, I need to blend with my method in order to see how it works. I finally found coding that I could install inside of Thinkorswim that will allow me to tweak it and show it on my charts with my markings. So this week, you will get a full dose of both on one chart. Just look closely and you will see my stuff is still there and nothing has changed.

Today was another one of those ugh moments on the stock market. We lost another index to a sell and we have one that is the last one standing. I have been doing a lot of selling of stocks and ETFs the last two days and it is time to just stand down, save our funds, and invest when there is a better time.

Let me show you where we are.

I’m out of one!!

Today was a mixed bag but it warranted a blog post so you guys are up to date and prepared to make a move if needed. I will make my decision by 11:00 – 11:15 am so you will what I am doing. Just in case, just know the number/level to watch.

Friday was ugly and that one day wiped out all the gains for the week plus a little. The Small Cap suffered the most which is par for the course being our most volatile index that we can invest in via the TSP.

What Is Triple Witching? 

Triple witching is the simultaneous expiration of stock options, stock index futures, and stock index options contracts all on the same trading day. This happens four times a year: on the third Friday of March, June, September, and December. A common expiration date for the three types of equity derivatives can cause increased trading volume and unusual price action in the underlying assets.

Above is what happened Friday and we will not know what the true direction of the markets will be until Monday. Now to see how last week affected our investments.