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. 

14 comments:

  1. This comment has been removed by the author.

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

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

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  4. 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. 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. Google may have saved the day.

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

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

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

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  9. google starts trading again at 3:30 et

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  10. Cnbc says it starts trading again at 3:20.

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  11. 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

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