Things on the charts are looking really well, so if things hold @ 11:30am this morning I will put my toes back in the market. My mind wants me to go 100% S-fund, but I will likely play it safe and go 35-c, 35-s, 30-g.
Things on the charts are looking really well, so if things hold @ 11:30am this morning I will put my toes back in the market. My mind wants me to go 100% S-fund, but I will likely play it safe and go 35-c, 35-s, 30-g.
4 weeks of declines finally ended this week in another up and down week that is very hard to read from a technical stand point. I would have liked to have had those weekly numbers deposited in my account, but the risk to me was way to high. Speaking of the charts, letâs jump right…
Well that makes 4 weeks in a row that the stock market has been pounded and if your still in an riding at this point, bless you. You are likely in for more pain. The chart to the left is the S&P 500 and the bear flag came true this time and the few days…
The futures on the S&P500 through 11:30pm are down 10.25 points and the ASIA markets are down 1.5 â 2%. Tomorrow appears at this point time is going to a repeat performance of todayâs hammering. Be careful out there.
Remember way back when in 2008 when the banking crisisâs happened? Do you recall that the S&P rating company had AAA ratings on all the Banks and Brokerages that failed or covered up their balances sheets? Now go to present day August 18, 2011, what happen a few weeks ago? The S&P rating company downgraded…
My normal charting software is tied to my trading account and they have it locked down for upgrades all weekend, so I had to build my charts online. What a week of drama! We saw moves up and down 400 and 500 points this week and they are hard to stomach but it is part…
Todayâs move was a very good day for the market and on the 30 minute chart below, you will see that we may have found a bottom at $1118. May being the key word. We also crossed the 5 day moving average, but all moving averages are still pointing down and it is just way…
I would suggest that no one bottom fish here with the C and S fund. As great as it would be to catch the bottom and ride it up, the risk to get pounded and set yourself back is extremely high. Wait for at least some confirming signal on the 30 minute, daily, or Weekly…
Ok, we all know by now this was one of the worst weeks in stock history. We, and when I say that I mean the indexes, gave all the gains of the year up plus some. Instead of me telling you what to do if youâre sitting on the outside looking in or in riding…
I heard someone say today at work about their 401K, âwell I rode it down this far, so I really have no choice but to stay in and ride it out.â Really? Have you forgotten 2008? You can always get back in when the trend reverses! You do not have to call tops and bottoms…
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