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!
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9 comments:

  1. AlexJanuary 29, 2013 at 5:29 PM

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

    ReplyDelete
    Replies
    1. JKHJanuary 29, 2013 at 7:59 PM

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

      Delete
    2. J-TraderJanuary 30, 2013 at 2:52 PM

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

      Delete
  2. AlgyrosJanuary 30, 2013 at 7:47 AM

    I love stock market predictions.

    ReplyDelete
  3. AlexJanuary 30, 2013 at 9:07 AM

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

    ReplyDelete
  4. AlgyrosJanuary 30, 2013 at 9:35 AM

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

    ReplyDelete
  5. jtthompJanuary 30, 2013 at 3:28 PM

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

    ReplyDelete

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