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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (56857)1/28/2014 7:58:44 AM
From: robert b furman  Read Replies (1) | Respond to of 219267
 
Good Morning GZ,

I'm just trying to get cute here.

If I lever my account - it must be on an extreme down moment.

I have some momentum indicators that are slower than others and am waiting for them to confirm.

Intc and T are two stocks quick to begin the recent downtrend. Amat and Csco were late to begin participation.

So I'm looking for a modest last decline, but a decline that has broad participation amongst the many.

Trying to catch the tail and not endure draw down.

I'm OK if I miss it as my position is fully invested.

I must see my last minute buy trigger to get a bit levered.

If ALL the puts I've sold resulted in buying stock - I'd have cash to buy a nice dividend yielding portfolio.To lever that I'd have some margin but at a lower cost than the dividend yield would produce.

With this long market advance there is not that much premium built into puts - so it requires more fear/down.

I'm hoping for another final wave, that's get a bit more fear in the market - read that premium in puts.

Looking at it this morning I think it is a buy today:

screencast.com

With the markets crappy acceptance of aapl's record quarter and the impact aapl has on qqq's I think the open is a great opportunity to time.

screencast.com
Bob

'



To: GROUND ZERO™ who wrote (56857)1/28/2014 11:36:19 AM
From: Kirk ©  Read Replies (1) | Respond to of 219267
 
I opened my purse strings yesterday and did some buying. What I bought is still down a tiny bit but I have hopes this change in the "Fear and Greed Index" is a decent signal. I posted a short article:
"With the index starting to move higher after sharp decline below 40, it is possible the current market correction is about over."

My CLX chart says a tradable bottom is close and my support charts suggest we could get a decline to one more support level, but if you use a fat pencil on a long-term chart, it could be close enough.

I was hoping the Crapple news would have given a big flush this AM for a turn-a-round-Tuesday, but I think there is a TON of cash looking for a better yielding home than bonds.