Monday, February 4, 2013

JT Comp flips 100% Long

Both the JTS and CCI are flashing buy signals today.  JT Comp moves to 100% long. 

My first 2 trades of the year have been winners, but because I've lacked conviction and only taken partial positions, I've missed out on bigger gains.  Well... here I am again faced with the same dilemma.  Once again I fear my systems are too early with this buy signal, so I'm only going to take a 50% TNA position on the close.  Eventually, this strategy is going to work in my favor.  I can see this becoming a recurring theme the rest of the year.  So hard to place one's entire account into a single ETF - a 3x leveraged one at that.

Anyway, take it easy.  Congrats if you followed the short on Friday!


  1. Oops! You're right...XIV. Thanks for reminding me!

  2. System hoping for a dead cat bounce?

  3. Why do you say that, RMI?

    As I've said many times before, I'm not a very good technical analyst, but, as far as I can see, all the major charts remain very bullish.

  4. Don't see that, Algyros. I think we just saw a local high for the next month or so... 1-day Island Reversal on SPY. Plus the reversal today from Friday gives 79% odds that we continue lower the next (approximately) 2 days... with average move of about -1.9% on S&P... that would put SPX down around 1467... the median move is -2.3% and puts SPX down around 1461.

    I would think that a rally tomorrow (if small) would be very shortable. ... the proverbial "dead cat bounce" that the system is going to try to catch here.

  5. You're probably right, JKH (and at any rate, it doesn't matter since I have no faith in my stock market opinion so I don't trade on it), but what I meant above is that I see a lot of bull flags forming on daily charts.

    1. I'm with you, A. Sometimes I'll look at the current picture and be convinced we are going down another 30 pts. Then I'll spot something else that suggests the rally will continue. Challenging! That's probably why we are all fascinated by the market and continue to hack away at it day in and day out.