Monday, November 5, 2012
JT Comp moves to 50% long XIV.
The CCI is flipping signs, moving from short to long (barely). Meanwhile, the JTS still refuses to make a move and remains in cash. This combo generates a 50% long XIV and 50% cash position for the JT Comp. I will reluctantly follow, but not with 50% of my capital. I will take a 1/3rd long XIV position into tomorrow.
Something else to note: if SPY closes green again tomorrow, the JTS will flip back to healthy mode and could result in a buy signal as early as Wednesday.
Thanks for reading!
Subscribe to:
Post Comments (Atom)
thanks
ReplyDeleteIt seems that XIV is best suited for scaling in. 18.57 at the close and as low as 16.36 afterhours..
ReplyDeleteOops, that should be 16.57 at the close.
DeleteXIV can be volatile, but so can TNA/TZA. I tend to ignore after-hours or premarket action, unless I'm looking for a favorable entry/exit, which was not the case for me yesterday. Thx.
DeleteAnother nice day for the systems. The JTS will flip to healhty mode, which will likely prevent it from going short today. The CCI will go short though, meaning the JT Comp is flipping back to a 50% short TNA position. Flip, flop. Flip, flop. As long as the winners keep coming, it can flop all it wants. I'll update as usual at the close.
ReplyDeleteJT - remember your chart where you called for a dip to 1400 then a rally and test of 50 dma at 1430 then a target 3 down to 200 dma at 1380.....could this be unfolding now? You seem to have hit Targets 1 and 2 on the nose....Thanks.
ReplyDeleteThanks. Yes, I think eventually we'll hit at 1380. Probably sooner than later but honestly I have no clue when. Could be tomorrow, could be next year! :-p
ReplyDelete