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Now what?



June 03, 2009 – Comments (2)

Dow passed its 200 day moving average.  Granted it didn't exactly blow by it, but it has passed it.  The S&P is flirting with 950 and has been at a high relative to November 2008.  Economic news, not completely doom and gloom, but something better.  Based on what I have read here at TMF Caps and elsewhere, we should be expecting some kind of serious change, good or bad.

Some say that since we have broken through the 200 day moving average, we should expect a major move higher.  Similar thoughts were mentioned for when the S&P hits 950.

So folks that are smarter than I, now what?  Is it time to hold on tight for a flight up?  Or is it time to jump to the sidelines before the massive plummet that some predict?

I can't say, as I don't have enough experience to be a predictor in these kinds of things, but I can say that the ride up to this point has been rather nice.  Further, I have learned a great deal during that ride, and have managed to set myself up to benefit regardless of the direction the market decides to move.  While hope is not a good thing to invest on or trade on (and believe me I am not doing either), I do hope that the market continues upward.  And I do hope that the global economy finds a foothold to use for its climb out of the hole it is in. 

2 Comments – Post Your Own

#1) On June 03, 2009 at 10:01 AM, jddubya (< 20) wrote:

I know that I'm not smarter than anyone else, and I suspect you're smart enough to take with a grain of salt any comments posted (especially if they claim to be smarter than you).

Rather than fail at giving correct answers to your questions I can, with certainty, comment on what I'm actually doing in the market.  Keep in mind you should probably take my comments with a boatload of salt.

 I've got about 70% in for the long term, bought mostly in November (50%) and March (20%).  See my CAPS picks for a general idea.  My CAPS picks do not reflect the speculative portion of penny stocks that I'm long on.  Half of the 70% is in the speculative stuff, WWON, XOHO,SIRI, SYMX among a few others. 

The rest of my investing money I'm using to trade, specifically, DXO, FAS, and FAZ.  I'm looking at other stuff to play with, but otherwise I'm not doing too bad.  With the long term stuff doing extremely well at the moment (around 20% gain as of today), this 'plan' is what I'm going to stick to for the next few years.

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#2) On June 03, 2009 at 3:46 PM, MikeBobulinski (< 20) wrote:

From the reaction on today's looks like a little bit of a breather or possibly a slight pull back.  Guess we'll have to wait and see what Friday's jobs report does to the market.

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