Wednesday, October 17, 2012

JT Comp 100% short.

JTS fires off a short signal today.  CCI is already short, but is showing another short signal today. So the JT Comp moves to 100% short and I will increase my short position as well.  Normally I would buy TZA here, but since I'm short the SPX, I'll just buy more SPXU.   I'm going ~75% short, saving a bit of cash in case of more upside the rest of the week.

Thanks and good luck!

Edit: A green SPY close Thursday or Friday will turn the JTS back to healthy mode. 
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14 comments:

  1. JIMOctober 17, 2012 at 4:01 PM

    This comment has been removed by the author.

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  2. traderwannabeOctober 17, 2012 at 4:08 PM

    Hi - any thoughts about using VIXY to go short? Its the opposite of XIV!

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  3. traderwannabeOctober 17, 2012 at 4:13 PM

    Also what about HDGE which is inverse of action in weak stocks

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  4. JamesOctober 17, 2012 at 6:28 PM

    Hdge is a good choice. I'd be cautious with any volatility play on the short side with such strong contango still. Vixy could easily sink even if the vix rises.

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  5. JKHOctober 17, 2012 at 7:57 PM

    Good call, J, on the Rut being stronger today. I nailed YM, though... that puppy barely budged. Added more Rut shorts in A/H... they got the futs up a bit, so I got a good fill vs the close.

    Glad to have you w/me, again. I, too, see that there still is some room for possible upside .... SPX 1470-76 area looks ripe. Leaving a bit to add up there.

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  6. JoeOctober 18, 2012 at 12:59 PM

    Google may have saved the day.

    ReplyDelete
    Replies
    1. RealMoneyIssuesOctober 18, 2012 at 1:08 PM

      Well, lets see first... once they resume trading...

      Delete
  7. RealMoneyIssuesOctober 18, 2012 at 2:06 PM

    Looks like this short might be long in the tooth before they let the market drop...

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  8. MicheleOctober 18, 2012 at 2:51 PM

    I dunno. I just bought some SPXU about an hour ago. I think we're going lower short term.

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  9. verdoOctober 18, 2012 at 3:09 PM

    google starts trading again at 3:30 et

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  10. JaredOctober 18, 2012 at 3:12 PM

    Cnbc says it starts trading again at 3:20.

    ReplyDelete
  11. verdoOctober 18, 2012 at 3:37 PM

    interesting

    http://slopeofhope.com/2012/10/is-it-really-different-this-time-around.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Ftradeblogs%2Fthe_slope_of_hope_with_ti+%28Slope+of+Hope+with+Tim+Knight%29

    ReplyDelete

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