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[BooDog]

posted this Friday premarket on the TSP site...

02-19-2016, 07:19 AM #10280


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BooDog




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Join Date:Jan 2008Posts:131Likes (Given):122Likes (Received):56


Default Re: Bquat's Account Talk

Quote Originally Posted by Bquat View Post

There you go. Comment if you want.

Good charts B. I've been watching more of the overall indices, if you notice, they've failed to break through the 50 rsi. Take a glance at some of these... $EMW, $RUT, IWC, IWM, EFA. The $SPX and the $INDU have broken through the 50, $TRAN has a nice rounded "cup" as well. Really throwing a dart and seeing where it lands. Futures heading slightly lower this morning but I'm more in the thinking that this will just be a bit of consolidation than the end of this rally. I lightened up on Wednesday taking off half of what I had in. 50% back to 25%. Deciding to keep some in the C I (10% each) and 5% S to see if the markets could push through resistance. Really my line was on the $INDU cutting and then holding the 16400 resistance line and making it support. I don't put much weight on futures unless there's really something driving it. Right now almost all the cats are out of the bag, banks, oil, China, Germany, Greece blah blah blah. The bears have spoken. imo, we have only started to see the reverberations of a lower oil price, I like $25 - $40 but need to keep an eye on individual companies, especially the ones in the ETF's. Cash is always a good thing to have. So there is some concern to keep an eye on the bears and what they're saying. There can also be significant rallies too. Maybe we won't continue the rally today but I'm thinking next week we could see an upward push if we manage some decent support levels into close today. The AGG suggests that many were unwilling to take the risk. What we want to see is a test of resistance at the top of your boxes Bquat. Question is, will we. Just me rambling a whole lotta nuttin really.

stock symbols I mentioned work on stockcharts.com

Good luck you guys!

I don't post there very often, really only when I'm making a move in/out of my retirement.

Futures green a wee bit this morning, gap and trap or maybe we see some decent support levels hold.

Jeb dropped out. Your video may pick up a few more views.