Wow, what a nice way to start the new year, with a huge winner! The JTS will remain long today, but the CCI will spoil the fun and go short. The opposing signals moves the JT Composite system to a 100% cash position. Personally, I would side with the JTS and expect a little more upside the next few days. But on the other hand, it's hard to imagine it being worth the risk at this point after such a nice gain. Thus, I would be moving to all cash if I were trading this. I suspect today's big gap will partially (if not completely) get filled over the next few weeks. Thanks and congrats to all followers.
J
And thank you, J. It was a good day, and I look forward to lots of others (and, naturally, I'm prepared for some bad ones).
ReplyDeleteWow - now that's what I call a Happy New Year! It's always nice when you make money :-)
ReplyDeleteJ, man, you picked the wrong time to sit out your system. That was the best 2-day move I've seen in a (very) long time.
ReplyDeleteI'm out most my longs... dumped the last bits at the close and into A/H as they pushed into my last target 13320 YM. It's early, but I'll start playing shorts now, but keeping it light.
I agree w/you, though, that this 2-day rally will be erased completely... but it will take more than the usual 2 weeks,... I bet.
Liquidity is strong all Jan according to Rob. Looks like another month where buying the dips may work better than shorting the rips.
DeleteAgree w/ u now that 2 weeks is too quick. I'll give myself some more leeway and go within the next 3 months. :-D
The only "traditionally sucky" months are August and December... though early Sept can be pretty slow, too... as can be the latter half of July.
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