Unique swing trading signals and stock market commentary.
Wednesday, February 20, 2013
JTS is generating a strong buy signal today, but the CCI is only producing a cover signal, which is a little bit concerning for a long trade. This combo sends the JT Composite back to a 50% long position (b/c CCI is cash). Since I'm following 100% signals only, I too will head into cash with a loss on this short trade. (Could've been worse, I suppose) Aggressive traders might heed the strong JTS buy signal and take on some long-side risk. Not a recommendation, just an observation. Thanks and best wishes.