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Post by jack on Aug 25, 2010 10:01:26 GMT -5
Dollar....don't look at it - neither is the SPY
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Post by ask2lern on Aug 25, 2010 10:01:58 GMT -5
Well I happy to report that I am out of my SPY Call trade................I had to plug my nose and avg down so ended up with 50 contracts at 2.51 avg and sold at 2.61 +3.9% .......I see I sold early .........now I will gt back to my PUTS............GLTA
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Post by abdogman on Aug 25, 2010 10:04:25 GMT -5
both FAS a FAZ are dropping at the same time
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Post by Clinton SPX on Aug 25, 2010 10:05:28 GMT -5
I love how all the news is bad but the charts say buy so there are buyers.
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Post by jack on Aug 25, 2010 10:05:43 GMT -5
And the cross is over....kind of like a fire drill (...right over my head - sorry) LOL!!!
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Post by jack on Aug 25, 2010 10:06:25 GMT -5
Beautifull double bottom touch on the Euro/USD 1min
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Post by jack on Aug 25, 2010 10:07:28 GMT -5
VIX headed (no pun intended) to the
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Post by abdogman on Aug 25, 2010 10:08:25 GMT -5
macd just neg on 1m for xlf fas xlf 13.40 on 1m
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Post by jack on Aug 25, 2010 10:08:43 GMT -5
I love how all the news is bad but the charts say buy so there are buyers. Doubt it'll be like that when the neckline is reached on the H&S: kerPLUNCK!
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Post by jack on Aug 25, 2010 10:09:44 GMT -5
Para formed abv XLF's 1min
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Post by jack on Aug 25, 2010 10:10:58 GMT -5
Upper topping(?) tail on last FAS candle
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Post by Clinton SPX on Aug 25, 2010 10:12:27 GMT -5
Not to be confused with a lower topping tail. sheesh
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Post by jack on Aug 25, 2010 10:14:39 GMT -5
Not to be confused with a lower topping tail. sheesh (...rough grammatical crowd here...LOL!!!)
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Post by jack on Aug 25, 2010 10:17:44 GMT -5
Current FAS candle might bust the upper para - break out the Jiimmy Cliff
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Post by Clinton SPX on Aug 25, 2010 10:17:48 GMT -5
I think they are setting up the gap down and run for tomorrow
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Post by jack on Aug 25, 2010 10:18:59 GMT -5
JPM a bad actor and now w/ neg macd on the 5min
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Post by jack on Aug 25, 2010 10:21:30 GMT -5
VIX & $ cooperating...FAS ALMOST breaking its upper parabolic on the 10min
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Post by abdogman on Aug 25, 2010 10:21:52 GMT -5
xlf 13.42 on 1m macd just pos on 1m for xlf
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Post by ukarlewitz on Aug 25, 2010 10:22:26 GMT -5
TLT now making a reversal candle like those in mid May. fsc.bz/67m
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Post by jack on Aug 25, 2010 10:25:10 GMT -5
SPY closing in on gap close if the current topping tail can be cut off and filled in.
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Post by theMIST on Aug 25, 2010 10:25:20 GMT -5
Picked up 1000 shares FAS at 17.46
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Aug 25, 2010 10:25:59 GMT -5
Good morning all, had a few minutes to stop by this morning and Jack caught me lurking, so I'll check in. Great to see the gang's all still here (where's Ellecatt?) and we have some new contributors (the "stink bid" guy is cracking me up). I haven't touched my 401K in over a month - here's my setup: 40% - Western Asset Institutional Government Money Market Fund (up 0.02% YTD woo hoo!) 35% - Seix Intermediate Bond Fund (up 5.7% YTD) 25% - JPMorgan SmartRetirement Income Fund (up 1.9% YTD) I've held the above for most of the year, with the exception of Feb 5-March 15 when I held equity/small cap funds for 30-40 days (a very good month but I exited too early, the rally went until mid-April). I also scaled into equity funds on 5/7 (down day after flash crash), 5/20, and 6/7 - but had exited all of them by 7/23. As a result, my 401K has gained 9.2% YTD, while the S&P has dropped 6% - this is the exact reason why I was studying the markets so closely last year - I blindly held my money in equities for the first decade I put money in my 401K and lost so much of my savings. You just can't do that anymore - it's to the point that I'm employing Cashfilly-style in-and-out trading on my 401K! I'm considering committing half of my gov't funds (20% of total) to a first dabble into small caps today. As for my IRA, I'm still aggressively short but scaled into some longs this week and last (MVIS, RIMM, F) that haven't gone so well. Probably up 15% over the past couple of weeks. I'm considering selling my RIMM into today's strength and getting s'more DRV. Liquidated the trading acct for now, just don't have time to play with it like I was - got some new windows and have almost all of my debt paid off (I paid for my wedding and helped w/ my wife's college loans so it's been a long road). Only other personal update is that I'm starting my own business next year - going to be called NJ Multisport, an event management business that produces triathlons and also consults with companies that want to produce endurance events (5k's, charity rides, etc). I'm in transition now and am operating using a non-profit I set up a few years back called PACE Racing. I have 2 new events planned for this fall. My initial site is at www.paceracing.org (though it kinda sucks now) - check it out if you have a minute. And check out this promo video for a fall half iron triathlon that I'm producing - it's mostly me (no wise cracks on how fat I am!!) vimeo.com/14347237
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Post by brosin on Aug 25, 2010 10:29:34 GMT -5
Hey Mikey - good to see you. Sounds like things are going well for you, congrats!
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Post by clearwaters on Aug 25, 2010 10:32:30 GMT -5
Hey Mikey! Your video looks good! No way I'd be able to finish that race. Kudos to you!
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Post by jack on Aug 25, 2010 10:33:28 GMT -5
Good morning all, had a few minutes to stop by this morning and Jack caught me lurking, so I'll check in. Great to see the gang's all still here (where's Ellecatt?) and we have some new contributors (the "stink bid" guy is cracking me up). I haven't touched my 401K in over a month - here's my setup: 40% - Western Asset Institutional Government Money Market Fund (up 0.02% YTD woo hoo!) 35% - Seix Intermediate Bond Fund (up 5.7% YTD) 25% - JPMorgan SmartRetirement Income Fund (up 1.9% YTD) I've held the above for most of the year, with the exception of Feb 5-March 15 when I held equity/small cap funds for 30-40 days (a very good month but I exited too early, the rally went until mid-April). I also scaled into equity funds on 5/7 (down day after flash crash), 5/20, and 6/7 - but had exited all of them by 7/23. As a result, my 401K has gained 9.2% YTD, while the S&P has dropped 6% - this is the exact reason why I was studying the markets so closely last year - I blindly held my money in equities for the first decade I put money in my 401K and lost so much of my savings. You just can't do that anymore - it's to the point that I'm employing Cashfilly-style in-and-out trading on my 401K! I'm considering committing half of my gov't funds (20% of total) to a first dabble into small caps today. As for my IRA, I'm still aggressively short but scaled into some longs this week and last (MVIS, RIMM, F) that haven't gone so well. Probably up 15% over the past couple of weeks. I'm considering selling my RIMM into today's strength and getting s'more DRV. Liquidated the trading acct for now, just don't have time to play with it like I was - got some new windows and have almost all of my debt paid off (I paid for my wedding and helped w/ my wife's college loans so it's been a long road). Only other personal update is that I'm starting my own business next year - going to be called NJ Multisport, an event management business that produces triathlons and also consults with companies that want to produce endurance events (5k's, charity rides, etc). I'm in transition now and am operating using a non-profit I set up a few years back called PACE Racing. I have 2 new events planned for this fall. My initial site is at www.paceracing.org (though it kinda sucks now) - check it out if you have a minute. And check out this promo video for a fall half iron triathlon that I'm producing - it's mostly me (no wise cracks on how fat I am!!) vimeo.com/14347237Need the obligatory baby picture Mikey! LOL!!!
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Post by abdogman on Aug 25, 2010 10:34:04 GMT -5
Nice Video Mike.....Good to See You!!!!! and Good Luck!!
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Post by jack on Aug 25, 2010 10:34:54 GMT -5
Macd on the 1min XLF rolled over neg
Para now formed BELOW the 1min VIX yet the $ is losing
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Post by abdogman on Aug 25, 2010 10:36:57 GMT -5
macd neg last 5 min on 1m for xlf xlf 13.41 on 1m
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Post by cashfilly on Aug 25, 2010 10:38:08 GMT -5
Congrats on everything Mikey! I can't tell u how happy I am for u and especially would love to see picture too!!!!!
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Post by jack on Aug 25, 2010 10:39:31 GMT -5
Topping tail last candle on the SPY 10min
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