Friday, May 25, 2012

CCI Sell.

Jtsystem is a hold signal. Cci moves to a sell and goes to cash. Have a good weekend! See ya tues.

As I mentioned yesterday, today is a key day for both systems. First off, and this really has no bearing on the current Jtrader position, but the system could flip to healthy mode if SPY closes green today. I doubt it gives a sell signal, but I'm not sure at this point.

Meanwhile, the CCI system is probably going to give a sell signal today. (It is not quite giving a short signal.) All that has to happen for the sell signal is for the white line CCI(14) to close above its 21-day moving average. Right now, it is... I will return later with the official signals.

9 comments:

  1. Tx for the CCI update, J.
    They didn't hold YM 12500 Friday before the open, so that nixed the upside effort for the day. Now they need to clear 12600 YM on Tuesday. YM 120m A/S shows a possible inv H&S with upsloping N/L. Bears could cast it as an ascending wedge. So, choose yer poison. No matter, if we see 12,600, the bulls should have a ripper of a day. The mkt just needs to trigger -- and lately, we've just been consolidating here (after the washout day last week). So, this is constructive base-building. I put on some more longs, including futs, Friday during weakness. Haven't seen anything change on my side, chartwise, so I keep playing the long game. I toss some higher positions for B/E+1 on pops, so as to keep the overall leverage manageable.

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  2. Sunday night and the Dow Futs are already +70 ... Happy Memorial Day, Everyone!

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    1. didn't last...

      They are up, just not has high as last night.

      Let's see what happens tomorrow :)

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  3. They had 'em up 110...let's see what they do w/that area today... should be re-tested.

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    1. No longer, DJIA back down to 80 something...

      UP until 1030-1100, then DOWN

      DOWN until 1030-1100, then UP

      Almost tradable...

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  4. I could see a sell signal today, lets see...

    This market is weak, and I am not seeing how we can get any higher through the week...

    Only time will tell

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  5. J, given today's numbers, is there any chance that the JT model could trigger a sell or short signal today?

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    1. I believe both systems are going short today.

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