Tuesday, January 29, 2013

Hold signals.

The JTS and CCI maintain their short positions as the melt up continues. So far I've been spared much damage due to the under-performance of small caps today. With my luck, that won't last... If you're into the market and have a pulse, you already know tomorrow is a FOMC day. This may be the bears' only chance at derailing the rally, if only temporarily. Typically the market performs relatively worse if the day before a Fed day (today) finishes strong. We'll see. I will remain 50% long TZA. Thanks!

10 comments:

  1. Welcome back J
    I am still holding 1/3 Spxu i am expecting gap down to 146.73 on SPY

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    1. Care to bet on that gap open forecast for tomorrow, Alex?

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    2. I fully support your target...maybe not this week, and maybe not on a gap, but I'm with you on that #.

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  2. I love stock market predictions.

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  3. Hi Alex My prediction for SPY was on short term for one week period or something

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  4. That doesn't diminish my affection for stock market predictions, it only increases it. I'm especially fond of "or something."

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  5. J, Nice call on TZA over SPXU. Up 3.5% today vs 1.0%

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