Thursday, February 21, 2013

100% Long XIV

CCI will join the JTS on the long side today. JT Composite moves to 100% Long XIV (strong contango). I will purchase at least a 50% position on the close, leaving some cash on the sidelines in case we go lower. Stop loss on JTS is SPY 149.43. If this level is breached, the system will flip to unhealthy mode and we'll have to be a bit more cautious on the long side. For now, this looks like a good dip buying opportunity. Thanks a good luck to us. J

8 comments:

  1. went about 45% in at 21.54, thanks J

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    1. out at 22.23. Thanks for the $$ :)

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  2. I miraculously managed to get out breakeven after having been down 5% and change..
    Did take the signal today but I will take this another perspective this time: I sold SDS calls, let's see how this plays out having all decay working on my side.

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  3. XIV is looking nice already. :)

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  4. looks like we will go back short at EOD

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    1. JTS probably will. CCI won't. We'll probably be losing our 100% signal so I'll be exiting my XIV and heading to cash.

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