Monday, March 4, 2013

CCI shorting again...

The CCI is already short, but it keeps firing off short signals for various other conditions/rules being met.  I'm interpreting this as a fairly robust signal, therefore I'm going to take a 33% short position on the close.  Officially, the JTS will remain sidelined and the JT Comp will remain 50% short.   I'll be purchasing a 1/3rd lot of TZA.  Thanks!
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14 comments:

  1. BradMarch 4, 2013 at 4:01 PM

    I jumped in with ya J, thanks!

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  2. steveMarch 4, 2013 at 4:03 PM

    when does the system become healthy again?
    thanks

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  3. MarcoMarch 4, 2013 at 4:06 PM

    Thanks, J. I sold 1 SSO Apr 69 call at $ 2.24

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  4. Jason LiuMarch 4, 2013 at 4:40 PM

    This comment has been removed by the author.

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  5. john9o9March 4, 2013 at 8:39 PM

    Just doesn't feel like Ben wants to pull the plug on this market anytime soon!

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    Replies
    1. RealMoneyIssuesMarch 5, 2013 at 9:06 AM

      Nope, sure doesn't...

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    2. J-TraderMarch 5, 2013 at 9:27 AM

      Silly me for shorting a market in which the fed is pumping $85bil a month.

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    3. BradMarch 5, 2013 at 9:33 AM

      double down on the gap up?

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    4. AlexMarch 5, 2013 at 10:04 AM

      j As I mentioned last week upside detected the Spy keeps going up .Sorry for your TZA position but My honest opinion if TNA closes above 82.74 watch for a possible BREAKOUT and be careful with your shorts
      I think your J TRADER and composite system working pretty

      Delete
  6. AlgyrosMarch 5, 2013 at 10:25 AM

    Brad, naturally, you have to make up your own mind, but I wouldn't double down based on the CCI system alone. The 100% composite would be my choice of system to follow.

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  7. J-TraderMarch 5, 2013 at 12:59 PM

    JT Comp is likely going 100% short on this rally. JTS is showing a strong short signal. I'll be adding tza if it holds into the close. I'll be back!

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  8. AnonymousMarch 5, 2013 at 2:05 PM

    Looks like if the feds can't get the market up, they will start again gaping the market past resistance levels. This is reminiscent of the past 4 years but had not seen it lately.

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  9. MarcoMarch 5, 2013 at 2:52 PM

    I'll to cover my call unless SPY tanks in the last hour. I do not want to be short a market that is breaking out, even though volume is pathetic.

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