First off, hope your weekend went well. Mine was pretty laid back which finally allowed me to produce the weekend post I promised weeks ago. :)
Looking at the systems, they are opposing each other this afternoon. The superior JTS will remain long (barely) while the CCI will fire off a short signal. This set-up sends the JT Composite back to cash. I would normally be tempted to hold on to some XIV given that the CCI technique when used on XIV is remaining long. For those that don't know, the actual CCI system is based explicitly on SPY, but the CCI rules can be applied to any stock or ETF to generate signals. And in this case, the rules are suggesting to ride the long position in XIV. However, since the JTS is very close to giving a sell signal, tempting as it may be to hold XIV for a number of reasons, I will just go ahead and follow the JT Comp to the sidelines as well. Hopefully all of that makes sense. If not, feel free to ask questions. Thanks!
Thank you for your weekend work and your signals.
ReplyDeleteMy pleasure.
ReplyDeleteAnother update, that late day surge even took XIV into a short signal using CCI rules... so pretty much everything in my post is moot.