I was considering an AAPL purchase, due to a few reasons, mainly b/c it was bouncing off its 200 day. I don't have much time to post stats, but after having been above the 200 all year, the first test is statistically bullish. I'm counting on a 5-10% move to the upside in the next few weeks, but I'm not ready to buy any today.
I remain 25% long XIV. See you tomorrow. Thanks!
Oct Signals
Thanks, J.
ReplyDeleteGood point about AAPL. The MACD on the daily chart is also extremely oversold.
wow... 43 comments from the last blog-post... that's a record! woo hoo!!!
ReplyDeleteMkts working on a double-headed inv H&S on 30min A/S YM or ES. Basically, the bulls need to take out today's HOD to trigger it. We got 200pts of upside if they do (but not on a gap). If, instead, they take out local lows, I'd expect a run down to 1395 and there's a good chance she don't stop there, but , instead moves down to 1380. So, we just sit and wait out this consolidation to see if it's gonna b a continuation or reversal consolidation.
The problem for the bulls is the sentiment, here... too bullish for a good reversal.
The CCI is cashing out today.... and generating a short signal. Doesn't look like JTS will short this rally, so I may be going 50% short TNA (or long TZA) on the close today. I'll be back later. Cheers.
ReplyDeletehttp://blogs.marketwatch.com/thetell/2012/11/01/if-youve-got-a-system-to-beat-the-market-dont-tell-anybody/
ReplyDeleteShoot, guess I shouldn't publish my system details in an academic journal....something that was so high on my to do list. :)
DeleteYeah, thought you would get a kick out of it...
DeleteYes I did get a kick out of it. Thx.
DeleteAs I said before... 99% of what you read is useless for trading. So, don't *WRITE* it up, J. ;-)
Delete