August’s last day of trading is tomorrow and we need to discuss moves going into September. I have one move to burn and the question is, what to do with it? I have one little comparison to show you that everyone keeps talking about but to be honest, I do not see it. The conditions…
Month: August 2022
TSP daily charts as of 8/28/2022
Is the party over again? I personally didn’t listen to or read FED Powell’s speech but after watching the action Friday, did I need to? That was a gut punch. So now you know and have seen firsthand why I do not take a buy signal and go all in when you are first exiting…
TSP closing numbers as of 8/26/22
In case you do not know his look, that is Fed Chairman Powell. Everyone else is an investor crying out, why? That was about as ugly and ugly gets. Pretty depressing considering how long we have been out of the market and how bad 2022 has been, but how do you plan on a day…
Doing nothing
Pretty simple…..Have no clue what he said, but I will be doing nothing until next at best.
To step in or add to, that is the question
I know a few of you are still out waiting to step in. I know others are like me, waiting to add more to our position. I need to show you two charts going into today’s session because of what happened yesterday. We also have the FED, aka Powell, speaking around 10 am which is…
TSP daily charts as of 8/21/22
One full week of August left, can you believe it? At the close of Friday, the markets once again felt a little sick, but the key is what price does next week and what levels hold. Let’s look at the pivots that were formed and what needs to hold.
TSP weekly closing numbers as of 8/19/2022
We got that rollover that I thought we were due but the question now will be, will price bounce prior to the last pivot low? We will discuss those levels later this weekend.
Just so there is no doubt
I will not be making a move today. Watching closely.
I am going to do nothing today
It might be the perfect day to enter or add more to my position, but I think I want to stand down for now and see what happens when Wal-Mart (8/16) and Target (8/17) report their earnings over the two days. Just FYI and why I do not see the rush to get back to…
TSP daily charts as of 8/14/22
Going into Monday, we once again have decisions to make regarding our setup. I personally have already burned one move, so I can make one more adjustment. The markets seem to be grinding higher and with each tick uphill, there are investors that are left behind and come running into the market helping to push…
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