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!

15 comments:

  1. I jumped in with ya J, thanks!

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  2. when does the system become healthy again?
    thanks

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

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

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

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    2. double down on the gap up?

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    3. 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

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  6. 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. 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. 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. 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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