Unique swing trading signals and stock market commentary.
I am hoping for some downside soon... Friday is my last trading day and I am wondering if I will have to just take a loss (painful right now as I played a little VIX, stupid me)...Oh, well, I guess that is why they call it TRADING (aka gambling).
Why is Friday your last trading day?
Ah, vacation. Didn't see prior post.
Thoughts about the system(s) moving to a buy?There is a ton of bullishness out there, including other systems.Just curious. Thanks!!
Both systems could very easily go long tomorrow (Thurs) but I'm in no rush. I think we'll see a good sized pullback soon.
Any early indications J?I am assuming it is a hold...
No, definitely not a hold. Well, I take that back, it depends on your perspective or model of choice. The CCI will indeed hold the short position, but the JTrader system will go long on this big of a drop in a healthy market. Therefore, with one short and one long, the composite will move to 100% cash.
I'd be careful with the bank downgrades being released at 4:00 pm today. It could push the market even lower.
Moody's looks to downgrade 15 banks at the close. Im gonna hang onto my shorts for a crack at a bit more extended hours downside
If you know about the downgrades, doesn't everyone elso? If so, this information should already be discounted by the market.
Exactly. Downgrades for some reason always seem to put a bid under the market. I'm back to cash after some awesome profits today. Not being greedy.
Exactly.. fully baked in. If you read it, it's baked in. The mkts are just that simple. So stop listening to the news. And look ... afterhours... the "news" comes out and the futs are up from the 4pm print. Gee, what a frickin' surprise!
JKH,Did you ever get my emails?Alex
No, I didn't, Alex. I sent you two. Going on vacation today... will be back in about 5 weeks. We can connect in late July.
Wow! Enjoy the 5 week break, that sounds awesome.
I replied to the emails you sent me. Oh well. Have a great vacation. We'll talk later.