EOM archiving time...
Tuesday, January 31, 2012
Monday, January 30, 2012
Friday, January 27, 2012
Thursday, January 26, 2012
Such a nice surprise to see the market can actually go down. Who would've thought?!? (Oops, I'm jinxing it... )
Wednesday, January 25, 2012
Tuesday, January 24, 2012
Monday, January 23, 2012
Friday, January 20, 2012
Thursday, January 19, 2012
Today's signal depends on both the VIX and SPY.
If SPY closes above 131.13 and VIX closes above 19.84 we'll get a 2nd short signal. Currently, both of these conditions are being met, but we must watch them into the close. Too much late day strength will send the VIX below the critical level and could result in more upside tomorrow. If the conditions are not met, it will result in a hold signal.
Have a good evening!
Wednesday, January 18, 2012
If SPY closes at 130.63 or higher, it is a strong short signal. I will sell longs and go 50% short TNA.
If SPY closes 130.46 to 130.62, we'll get a plain sell signal with no short.
120.45 or lower.... hold longs.
Tuesday, January 17, 2012
Friday, January 13, 2012
I expect to get another buy signal today, one in which I feel more comfortable following.
Today's number to watch is SPY 129.23, which is well above current levels. Anything above 129.23 will be a hold signal. At or below will result in a buy signal placing the system all in TNA.
BTW, is anyone else noticing problems with the comments section below my posts? It's messed up for me now. Problems started 2 days ago.
Thursday, January 12, 2012
1) SPY closes above 129.00 (looking very likely)
2) TNA closes at 50.30 or higher (not quite a given yet)
Both conditions must be met or the system remains short. If met, the system closes the short position for a loss and opens a 50% long position in TNA. Best wishes!
Wednesday, January 11, 2012
Tuesday, January 10, 2012
3:52pm: The system goes 100% short if SPY closes 129.06 or higher. Otherwise, it remains 50% short TNA.
Monday, January 9, 2012
Friday, January 6, 2012
Thursday, January 5, 2012
Tuesday, January 3, 2012
What a lousy finish that was... I don't like to see that much selling going into the close when I'm about to short. Anyway, the first trade of the year was successful. TNA was up nearly 5%, although once again the system will only get half credit. :-/
3:30pm: The numbers are in...
My system goes short if SPY closes at 127.26 or higher. Below that, if it finishes between SPY 126.96 to 127.25 it will sell longs only. Below 126.96, hold longs. It is a strong short signal already by definition, but the higher we close above 127.26 the better. I would also like to see some better performance out of TNA although this is not a requirement today.
No further updates needed. Have a good evening!
10:39am: While I am kicking myself for not following my system and going long Friday, at least I half listened and dumped my shorts on the close.
I'm getting a strong short signal today. As I demonstrated over the weekend, taking a 50% short position here would probably not be as profitable as a 100% short position, but I also said I'd give this money management strategy a few more months. So, if the short signal holds into the close the system will sell longs and initiate a 50% short position in TNA.
I'm turning off the computer now and will be back at 345pm ET to confirm the signal and place the trades. I'm off work today so I think I'll go workout and perhaps help put all the Christmas stuff away - at least doing something useful besides watching what appears to be a relatively boring day transpire. See ya back here in a few hours. Take care.