Open Post to All 401k/Investment Market Participants
IF you are invested in US assets (or other global assets which have been killed), then this post is for you. Full disclosure, I am 100% cash regarding my US stocks and indices positions. I know many people on here do not understand charts or technicals, and quite frankly a lot of the fundamental issues you are listening to on the TV is all a crock of bologna anyways so I realize this can be quite confusing. I attempt to convey to readers in a way that is easy for EVERYONE to understand.
First thing you need to do is TURN OFF THE TV. The majority of TV is pushing an economic agenda and quite frankly is finding a reason for every price move.
Second thing you need to do is be on the right side of the trend. Are are going up, or down, or sideways. If we are going down or sideways then being in the market long term is a complete waste of time and you are losing money. So lets pull up the LONG TERM Chart of SPX
You can easily see that the trend has been up since the February lows of 2016, boosted by Brexit, Trump victory and then the riding "high" that the trump euphoria caused the market to undertake. That "high" is running low on fumes. You can see the Long term trend has been broken and the trend (200 day moving average red line) is starting to DECREASE. This is facts based on data and shows that the market is running out of steam and needs to correct with TIME or with PRICE. Best case is time and we go sideways like 2016, however if we were to correct through price then you are looking at a move down into the 2300 area in the S&P500.
Presently, we are at 2715. If you zoom in, 2808 is MY LINE IN THE SAND. Above that we are going to be long the market, below that we are going to be OUT.
Sure if you sell today you are losing 3.0% today, however isn't this 3 percent worth it considering we have gone straight up since 2016 (a gain of 50+%) and you are risking giving back almost half of that gain if you ride this out? I think it is.
I am 100% cash and if you are over the age of 55+ you may not have time to recover from the coming months if we were to break lower. I will be staying 100% cash until 2808 is taking out on a closing basis. The selling is accelerating and I made a post yesterday regarding this level. Over 2808 we are targeting 3000+ and I will be long again, but it is not worth the risk here right now.
Published by Hey I'm Snuffles
on
I have been in cash on my 401k for months now which has hurt but I sleep well... Just got out of all positions in my investment accounts 2 weeks ago; both short and long... The amount of manipulation and influence that will be seen will be confusing and plenty!
Posted using Partiko iOS
No reason to be long unless IWM takes back 155. Then I’m loading the boat...probably doesn’t happen anytime soon though loo
Posted using Partiko iOS
Thank you so much for participating the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
Hi, @heyimsnuffles!
You just got a 4.87% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
Though I'm not good at this, but I am sure many can be benefit from this information. Thanks for sharing @heyimsnuffles
Always good to read your insights on the markets, both stocks and crypto. Keep up the great posts!!
Great advice! But I’m one of those millennial that was too risk adverse for too long. I need to just stick to my 60% equities allocation and hang in there for 3 more decades.
Hi @heyimsnuffles!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.426 which ranks you at #6855 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 215 contributions, your post is ranked at #47.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server