Archiving Nov Signals...
Friday, November 30, 2012
JTS covers... JT Comp back to 50% short.
Well that was short and sweet. (Actually, not that sweet..) The JT Comp 100% short signal is ending today just as soon as it started. The reason is the JTS is covering its short position today. It's going back to cash, but not going long. The CCI will hold out for more weakness before exiting. Thus, the JT Comp is moving back to 50% TZA and 50% cash position for the weekend. I too will scale back my shorts.
I plan on putting together a weekend post featuring a strategy that only triggers on a 100% JT Composite position, and ignores 50% positions. It should be interesting - so heads up for that.
Have a good one!
J
Archiving Nov Signals...
Archiving Nov Signals...
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thanks
ReplyDeleteThank you. Have a good weekend. The 100% JT Composite may be a good bet. I'm still looking for a pullback before the final run of the year.
ReplyDeleteAwesome! I'm looking forward to your post!
ReplyDeleteThanks, J. Looking forward to seeing what you come up with.
ReplyDeleteI'm w/Michelle -- this thing is most likely still going lower... and all it needs is a tiny "shove"... then, ka-boom... the bottom falls out and we get a nice triple-digit down day... And I'd be looking for that "ledge" to be somewhere around 1409 Sp500... but not on some BS gap down open.
ReplyDeleteJKH:
ReplyDeleteHas your "shouldn't be short" signal been countered that you are interested in the short side here?
No.
ReplyDeleteJust seems like the right thing to do.