Trading 5/23

Sold RFG for a scratch today as it was dropping below buy price. Still a dangerous market only good for buying support and selling resistance. In hindsight I should have held as there was a monster rally end of day. Stochastics are now back above oversold for all indices as well as rsi. NAA50R is above accumulate. Had I been on trading desk I probably could have made the right decision. Perhaps need to block out twitter and just trade my plan.

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Trading 5/21

McClellan Oscillator over the weekend -110. $OEXA200R 55 (tight trading only), $NAA50R 18.54 (begin accumulate), $NAA200R 39.70, $SPXA50R 13.80 (oversold), $UST:$SPX still rising above 65SMA, Stochastics oversold, RSI oversold. 

Initiated a position in RFG today as it crossed above oversold on RSI and Stochastics. Other indices are confirming RSI cross but not stochastics yet. Stochastics is pointing up but still oversold.

Trading 5/18

McClellan Oscillator -100. From Tim Knight: Time to start buyin’! I like $DBC, $EWZ, $GDX, $XLB, and $FXE. Getting ready for the big bounce.

sold IIM and a little TWO today.

Trading 5/17

% of S&P100 stocks below 200ma is now 61, which usually means liquidate all long positions.

MACD has crossed negative on the SPX weekly chart.

Bond/stock ratio on the weekly has crossed above the 65ma which usually suggests bear market. Also the MACD on the weekly bond/stock ratio has crossed up which is bad.

McCellan Oscillator is at -76 and pointing lower. If it turns up, could be buy signal. McClellan Summation Index is now below 0. (-112)

These indicators are telling me to get out of the market. I am currently holding AGNC, AGQ, CPNO (reluctantly, I’m down too much), DBL, IIM, JLS, TWO, VKQ. All except CPNO are high yield bond funds. I’m gonna find out what it’s like to hold these through a bear market…

Scratch that I’m selling the CPNO turd.

Probably need to remove myself from watching the market every day.

 

 

When you have been saved from much, you rejoice much

01_Freedom.mp3 Listen on Posterous

Blackberry Joke

"hodedofome: RT @grocklein I hear the Amish will be allowed to use Blackberries soon, since it's no longer considered modern technology. $aapl"
–http://twitter.com/hodedofome/status/60786491294629888

Von Mises on Inflation

“Inflation can be pursued only so long as the public still does not believe it will continue. Once the people generally realize that the inflation will be continued on and on and that the value of the monetary unit will decline more and more, then the fate of the money is sealed. Only the belief, that the inflation will come to a stop, maintains the value of the notes.”

Ludwig Von Mises, Austrian School

God’s heart during extreme pain

I asked God, I said, "Papa, am I sick because I did something wrong?" He said "no." I said, "is Satan stronger than You, did he make me sick?" And He said "no." And then I heard Him say to me, "You are sick because there is sickness in this world. Satan's attack is to drive a wedge between you and I. To shoot arrows at your heart, to wound you further into isolation and abandonment. But Peter, I have not abandoned you, nor left you. In fact, I will use this illness to draw you and I closer." And then I said, "I apologize for not coming to you sooner." And He said, with a slight laugh, "I have come to you. And I will keep coming after you, if you will only be looking for me. And when you don't see me or feel me, I'll come anyway, to be with you. Always."

– Pete Johnson, upon hearing he had cancer

Wow

Overstepping your authority

So I'm at the window tint place nearby university high school. The old dude that owns the place is looking at my car and this kid walks by on his way to school – with sagging pants and he says "pull your pants up young man." Wow.