Unique swing trading signals and stock market commentary.
The market just doesn't want to make a move... wow, this could be ugly once it picks a direction...
I can't even imagine how much money Alex's system made today. All I can say is, "Wow!"
I have been riding netflix since last Monday entry price 55.15 and we are up to 73.52 today i like volatility my system likes to make salsa with TNA I am short for tna since last friday entry price is 63.85 and still holding but i am going to open very large long position for Tna very soon and also targeting NUGT :)NFLX LONG SOXS LONG TNA SHORT They are all my money maker
Not bad, Alex. NFLX was extremely overbought and it's not a huge surprise it's down 8% today. The others are ripping in your direction. Keep it up.
I live in Austin and there are few things I like more than salsa.
I am expecting a gap on xiv to 16.34 i feel it will go down to 16.34 let,see
You mean a gap tomorrow? Only if it doesn't make it down there today...
FYI: The half stop on the JTS has been nudged up to 142.95. Any dip below that value shifts JTS into unhealthy mode in which short signals should come more frequently, in theory.
After 12.00 watch for a possible upside but not sure otherwise i am looking to close my tna short position and go long for tna
Hi J for SPY i would say a gap to 143.80 for now
Interesting day, and a good one to be in cash.J, I was wondering what the ytd. results for the composite system would have been if you had used XIV instead of TNA.
I don't have exact numbers, but from what I've looked at it would be closer to 75% than 50%.
My system covered my tna short position
Thanks. So now your plan is to go long TNA on your expected gap down tomorrow?
Yes i am going long for tna
I just don't understand how one day of weakness causes systems to go long but continuous days of strength make systems stay long. I'm still short and have been for a while because of how deep of a hole I'm in. I hope the downtrend continues and hopefully J's system starts giving some short signals so I'm not alone.
Jared, I would favor buying the dip right now for several reasons. 1) Strong liquidity via the Fed.2) The Bespoke election year seasonality favors a bottom this week and a melt up through the end of the year. It's tracked remarkably well all year. https://www.flexibleplan.com/hotline/10-1-12SP500.jpgOf course, there are reasons to be bearish now as well. One of which is the fact the sentiment survey that my JTS tracks gave a sell signal (too many bulls) last week. Time will tell. We'll probably just chop until the election, which could be quite profitable if you buy the dips and sell the rips.