Tuesday, October 2, 2012

Half Long if...

The JTS will order up a buy signal if SPY closes above 144.30.  If that requirement is not met, the system will remain in cash.  The CCI will stay in cash regardless.  In other words, the JT Comp will move to a half long position with an SPY close of 144.31 or higher.  Otherwise, it remains in cash.

Since we are in a strong contango environment I will opt once again for XIV rather than TNA for this potential long trade.  I will look to use about 1/3 of my capital on this trade even though 1/2 is suggested by the JT Composite system.  The other 2/3rds I will keep safe in cash for now.  

Thanks!
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13 comments:

  1. JamesOctober 2, 2012 at 3:54 PM

    In hindsight, XIV was a bargain 45 mins ago.... :-/

    ReplyDelete
  2. AlgyrosOctober 2, 2012 at 4:28 PM

    You're not kidding.

    ReplyDelete
  3. JKHOctober 2, 2012 at 10:22 PM

    J, tx for the nice explanation... appreciate the detail.

    And, thanks, again, for eliminating the robot-verify-thingie!

    ReplyDelete
  4. J-TraderOctober 3, 2012 at 2:32 AM

    You are most welcome.

    ReplyDelete
  5. RealMoneyIssuesOctober 3, 2012 at 9:56 AM

    I guess you can get a good buy in this morning since any bump in the market gets sold...

    ReplyDelete
  6. JamesOctober 3, 2012 at 11:54 AM

    And any dip apparently gets bought...

    ReplyDelete
  7. The Entertainment SpeculatorOctober 3, 2012 at 11:59 AM

    This has the feel of sideways consolidation before a move back above the recent highs. Then sell on the news: Obama wins. People who waited to buy until the election had resolved the uncertainty can then buy the relevant stocks from those who bought in anticipation. Same old story, new verse.

    ReplyDelete
  8. JamesOctober 3, 2012 at 1:33 PM

    CCI appears to be headed for a short signal. I will give more detail this afternoon on exactly why it's going short. Seems like a risky short to me due to strong liquidity and the fact it's going against the trend. But because the JTS will likely remain long, the only impact is I'll simply be going back to safety/cash on the close. Here's to a strong finish!

    ReplyDelete
    Replies
    1. RealMoneyIssuesOctober 3, 2012 at 1:41 PM

      Would need a pretty good bounce at this point...

      Just took yet another dive... kinda wish I had sold my HPQ before this stupid CEO-blunder...

      Delete
    2. RealMoneyIssuesOctober 3, 2012 at 2:12 PM

      Might be putting in a BE stop on my XIV... would hate for this trade to go against me and then get a short signal...

      Delete
  9. AlgyrosOctober 3, 2012 at 1:51 PM

    Where's Alex? I miss reading about how incredible his system is.

    ReplyDelete

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