Tuesday, January 22, 2013

JTS Shorts. JT Comp 100% Short SPXL

The systems are serving up another 100% JT Comp signal in the form of a short trade on SPXL. I'm out for a few more days (looking forward to coming back!) so I will not be joining anyone on the short side today. I would like to take this trade, fwiw. Thanks, J

5 comments:

  1. Thanks, J.

    I'm looking forward to having you back as a fellow trader soon.

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  2. I'll wait for tomorrow to get in... hope they keep the futs jacked like this all night long.

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  3. As some side-reading... This is amazing stats from ZeroHedge…

    … of the 1519 total days since that fateful Tuesday in November 2008, the Fed has intervened in the stock market for a grand total of 1230 days, or a whopping 81% of the time!
    Graphic:
    http://www.zerohedge.com/news/2013-01-22/what-1230-days-explicit-market-support-federal-reserve-looks

    Sadly, what the chart above shows, is that of the 51 months starting with November 2008 - the birthdate of the first QE, there have been a total of 9 (nine) months in which the market has been intervention free. Incidentally, the same months that have seen it plunge.

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    Replies
    1. Great link from ZH... really scarey though

      Thanks!

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  4. Thanks JKH. We all knew they were involved just not sure how much or at least I didn't.

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