Thursday, October 4, 2012

Still cash.

The JTS will stay long while the CCI will remain short with a 2nd consecutive short signal.  Tough call for tomorrow with the jobs report on tap - not sure what way it's going to break.  I'll remain patient on the sidelines alongside the JT Comp.  See ya tomorrow. 

5 comments:

  1. Wow, cash, cash, and more cash... Market just can't figure out what it wants to do...

    Hype Mom&Pop, then sell to them?

    Any rumors out there we can buy or sell?

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  2. Continued to take profits on longs... if we gap up big open tomorrow, I'll finish doing that and start doing shorts.

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  3. Hi J,
    What is the current Healthy/Unhealthy SPY floor. 139.39 or 142.95? You say 10 candles. From today or last high?
    Thanks

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    Replies
    1. It's an odd set up b/c it's been more than 10 days since the swing high, yet we are still in an uptrend. I'm going to call it 142.95.

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  4. JTS giving a strong short signal today...JT Comp likely going 100% short. Just an early FYI.

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