Friday, November 9, 2012

Hold signals.

All systems hold their long positions.  Judging by the weakness in the VIX there appears to be little fear in this market.  That's a little bothersome considering the damage that has been done the past few days.  I will continue to hold 50% long XIV and 25% long AAPL over the weekend.  See you all Monday. Thanks for reading.

11 comments:

  1. Based upon std Seasonality Thesis, historical odds, it's an attempt to "Win the Loser's Game" to be short in the month of November. Remember the old saying, sell in May and buy on All Saints Day? So I'm delighted by this composite signal, I can't imagine a better stop-out concept for any seasonal LONGs than its next exit signal.

    Have a good weekend, JT and all. And thanks always for allowing us to share in this ongoing realtime adventure.

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  2. J, we had the "woosh" Friday (as requested, hee hee...), and I finished adding my longs for this round. Fully committed. Any more would put me leveraged -- something I would do (in moderation), but don't like to. All I saw Friday (unlike the prior 2 days) was controlled buying (no panic), for 3 hours from 8:30am onward. They're hammering in a local low here.

    As you point out wrt the VIX, my indicators agree -- any rally here is purely counter-trend (CT). The bears own this, still. It's just that there're great odds for a sharp short-squeeze that I want to play here, along w/you. Glad to have your company again.

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  3. It looks like my 4yo daughter tweeted on my phone this am...

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    1. Did she have any good market tips?

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    2. Yeah, she said "Don't bother watching the mkts today... Veterans Day is notoriously slow and narrow-ranged.... A waste of everyone's time to have the mkts open, w/the bond mkt closed. Fade all breakouts...."

      That's some prescient 4-yr old!

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  4. Making a nice percentage on that XIV this morning! Any early signals today J? Thanks!

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  5. The only signal I'm getting right now is some serious love for XIV.

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  6. XIV working much better than TNA today.

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  7. Fired up the systems... unless something weird happens, I foresee the JT Comp remaining 100% long XIV. I'm okay with that, but man it's tempting to take some profits with XIV up ~6% and TNA red... It's a gift.

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