Unique swing trading signals and stock market commentary.
After Spain banking news and JP Morgan it sure looks like we are going lower for today.
WOW!! What a crazy move with all of the bad news.
Speaks well of the CCI signal. I'm dying to learn more.
I was wondering if it would be prudent to buy some TZA at any high today to hedge our current long especially with all the market weakness...Thoughts?
Very prudent!... now just figure out how to know (in-situ) when the "high today" is in -- and not after-the-fact.
RMI,You know what I'm going to say: don't go against the system (s). It's all right, IMO, to follow multiple systems, but to trade in an ad hoc manner because one feels that the market is going to go one way or another is guaranteed to lose you money in the long run. Your system can be as simple as 50/200 crosses on the daily SPY, or trendline breaks, or anything else. My point is that if you're not consistent you will do yourself more harm than good.Alex
Of course, one of the systems I'm following in addition J's, is short.You might want to take a look at long-short-timing.com.
Has been all week if I remember the last email... Short QQQ as of closing price Friday...Two other systems I follow are both long...Now what?
Decide which systems you're following and then follow them religiously. If they disagree, you're hedged. If they agree, well you're all in. And if you want to start following Marco's system, QQQ (or its leveraged equivalents) aren't far from the system's short entry price.