Wednesday, March 6, 2013

Holding shorts.

All systems remain short today. I bought more TZA on the open as promised at 9.95.  I'm now long an insane amount (~90%) TZA so this market better pullback and soon.

Thanks!

25 comments:

  1. Thanks, J. And good luck to you.

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  2. I have not been trading this year but have been visiting here. Best of luck people. Go bears!

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  3. I have not been trading this year but have been visiting here. Best of luck people. Go bears!

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  4. Well the RSI on TZA hit zero today - it don't get any lower than that.

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    1. According to Stockcharts.com, the RSI(14) on the daily TZA chart closed at 35.03. Are you referring to a different period?

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    2. Could be. I'm using the default period provided by eSignal, which is 7. I find that that makes it more sensitive. Just for laughs, I tried changing it to 14 and got a value of 43.75 (and this is looking at the daily chart). Go figure.

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    3. Makes you think twice about indicators. Thanks, Michele.

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    4. The RSI on TZA on FreeStockCharts is also 0 when set to 7, its default is 50...

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  5. J thanks for your valuable information in addition to your update i have open a short position today on closing . I bought SPXU and my system is expecting Market big gap down tomorrow good luck to all us

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  6. 1 to 4 reverse split for TZA coming up April 1st.
    "The firm will also
    execute a 1-for-4 reverse split of the shares of the Direxion Daily Financial
    Bear 3X Shares (FAZ) and Direxion Daily Small Cap Bear 3X Shares (TZA), and a
    1-for-3 reverse split of the shares of the Direxion Daily Mid Cap Bear 3X Shares
    (MIDZ) for shareholders of record after the close of the markets on Monday,
    April 1, 2013."

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  7. Glad you joined me on the open today, J... that was a pretty sweet spot to get in. Now we sit and wait to be paid.

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  8. Adding more shorts on a gap up open today and/or any move over yesterday's HOD... we have very good odds of closing below yesterday's close either today or tomorrow due to the 4-day pattern on the SPY (3-higher greens, with 4th higher red candle)... going back to 1995, 83% odds we close lower today, or about 96% odds we close lower today or tomorrow.

    Also, if they don't spank the mkts lower in a good move in the next day or two, it usually means we'll resume the grind/trend shit action that is so boring and non-profitable to keep shorting.

    So, we see what we get....



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  9. Replies
    1. Well game is not over i am patient

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  10. When you say "boring day" that means the day as it is currently unfolding. That expression does not indicate the future. So, so far, the day isn't boring for those who are losing money by being invested in TZA.

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    Replies
    1. You know the saying... Never follow JTrader when he's shorting a boring market. Or something like that.

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  11. market like a Chinese water torture

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