Just Like clockwork...

General TSP Discussion.

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jatelle
Posts: 155
Joined: Thu Jul 02, 2015 1:36 pm

Re: Just Like clockwork...

Post by jatelle »

Wing, I see you are going back to G. Taking profits is never a bad idea! I decided to stay in hoping this deep pullback is a higher low like we saw on Nov 2, 2022. :roll:

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bloobs
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Re: Just Like clockwork...

Post by bloobs »

Gap fill at 3900 next?

jatelle
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Joined: Thu Jul 02, 2015 1:36 pm

Re: Just Like clockwork...

Post by jatelle »

bloobs wrote: Wed Jan 18, 2023 1:10 pm Gap fill at 3900 next?
Yes, quite possibly. But first is the 50 SMA at 391.50. Let's see if this serves as support for another push to break through the resistance of the +1 Standard Deviation at 400.

wingchaser
Posts: 733
Joined: Thu Jan 22, 2009 8:39 am

Re: Just Like clockwork...

Post by wingchaser »

Ominous Candle finds S&P right up against its 50-Day SMA. This level (3,925) has served as SUPPORT on multiple occasions dating back to Nov of last year…

https://www.cnbc.com/2023/01/17/stock-m ... -news.html

Best of Luck (everyone) in all you choose to endeavor!!!
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“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t... pays it.” ~ Albert Einstein

daemon
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Joined: Sat Oct 31, 2020 8:26 pm

Re: Just Like clockwork...

Post by daemon »

Did somebody say something about the debt ceiling?
When the water runs deep my little dog frolics. When shallow, she drinks

jatelle
Posts: 155
Joined: Thu Jul 02, 2015 1:36 pm

Re: Just Like clockwork...

Post by jatelle »

SPY dipped below the 50 Moving Averages. One consolation is that before noon it bounced off the close of January 9 - my TSP entry date. And if this does not hold there is just below the 100 SMA and + half Standard Deviation at 385 that can serve up as support. Here is hopin for a good Friday!

wingchaser
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Joined: Thu Jan 22, 2009 8:39 am

Re: Just Like clockwork...

Post by wingchaser »

Last two (2) hours of trading saw the bottom drop out of this index, right as it was about to go Positive…

Spinning Top Candle can (oftentimes) signal trend reversal…

https://amp.cnn.com/cnn/2023/01/19/inve ... index.html

Best of Luck (everyone) in all you choose to endeavor!!!
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“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t... pays it.” ~ Albert Einstein

jatelle
Posts: 155
Joined: Thu Jul 02, 2015 1:36 pm

Re: Just Like clockwork...

Post by jatelle »

Take a look at these two charts. Does anyone else see an Inverse Head and Shoulders Pattern developing here on the S&P?? Or are my eyes playing tricks on me.
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bloobs
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Re: Just Like clockwork...

Post by bloobs »

Jatelle,

I see an island reversal, similar pattern to a couple of the two recent 2022 tops. Beware next week or two (or three).

Today, there may be a strong rally to close around 390-ish, thinking of dumping my longs if so.


ISN'T INVESTING GLORIOUS HAHAHAHA

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bloobs
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Re: Just Like clockwork...

Post by bloobs »

Jatelle,

I see an island reversal, similar pattern to the two last 2022 tops. Beware next week or two (or three).

Today, there may be a strong rally to close around 390-ish, thinking of dumping most of my longs if so.


ISN'T INVESTING GLORIOUS?????? HAHAHAHA!

jatelle
Posts: 155
Joined: Thu Jul 02, 2015 1:36 pm

Re: Just Like clockwork...

Post by jatelle »

bloobs wrote: Fri Jan 20, 2023 7:37 am Jatelle,

I see an island reversal, similar pattern to the two last 2022 tops. Beware next week or two (or three).
Today, there may be a strong rally to close around 390-ish, thinking of dumping most of my longs if so.
Bloobs, thanks for pointing this out. I do see an Island Reversal if we look at the last 10 days of trading. The Island top is separated by gaps (the last gap down is 392 (the 50 SMA). If price can break through this then the curse/threat of the Island Reversal will be broken. Glorious Trading!

jatelle
Posts: 155
Joined: Thu Jul 02, 2015 1:36 pm

Re: Just Like clockwork...

Post by jatelle »

How price behaves today at the 50 SMA (392) will give us the direction of the market

jatelle
Posts: 155
Joined: Thu Jul 02, 2015 1:36 pm

Re: Just Like clockwork...

Post by jatelle »

jatelle wrote: Fri Jan 20, 2023 11:22 am How price behaves today at the 50 SMA (392) will give us the direction of the market
Led by the tech stocks the stock market rally showed resilience with the S&P rocketing through the 50 SMA before noon, and then closing above the 200 SMA after hours. Next test for the SPY will be the +1 Standard Deviation at about 400 (which also happens to be at last Friday 13th close).

wingchaser
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Joined: Thu Jan 22, 2009 8:39 am

Re: Just Like clockwork...

Post by wingchaser »

Impressive reversal (indeed), 200 Day SMA may (or may not) prove to be RESISTANT POINT…

https://www.cnbc.com/2023/01/19/stock-f ... -year.html

Best of Luck (everyone) in all you choose to endeavor!!!
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“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t... pays it.” ~ Albert Einstein

jatelle
Posts: 155
Joined: Thu Jul 02, 2015 1:36 pm

Re: Just Like clockwork...

Post by jatelle »

SPY held the +1 Standard Deviation at 400. Next targets are the highs of Dec 14th (405.60), Sept 13 (415.12) and June 2 (418.60).

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Fund Prices2023-01-30

FundPriceDayYTD
G $17.29 0.03% 0.33%
F $18.73 -0.29% 2.87%
C $61.70 -1.29% 4.74%
S $66.60 -1.54% 8.24%
I $36.63 -0.59% 7.93%
L2065 $13.03 -1.07% 6.31%
L2060 $13.04 -1.07% 6.31%
L2055 $13.04 -1.07% 6.31%
L2050 $26.89 -0.90% 5.44%
L2045 $12.36 -0.85% 5.14%
L2040 $45.46 -0.79% 4.82%
L2035 $12.11 -0.72% 4.45%
L2030 $40.67 -0.66% 4.08%
L2025 $11.74 -0.41% 2.77%
Linc $23.29 -0.26% 1.92%

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