JTS produces its first short signal in almost a month. With the CCI already short, the JT Comp moves to 100% short TNA. I will add to my 33% tza position and take it up to ~75%, saving some in cash in case we get a gap up tomorrow morning, in which case I will buy even more. Thanks and good luck!
J
thanks
ReplyDeleteSo many people say that the Fed pumping this mkt is what's making it go up (including myself)... but then when I saw the actual pump numbers (as given for the past 2 months by ZeroHedge.com the other day), and I looked to see if pump days and non-pump days were at all correlated w/the mkts day-to-day moveements, I concluded that there was no useful correlation.. Fed pumps big, mkts go up or down,.. Fed pumps zero, the mkts go up or down.... fwiw.
ReplyDeleteSee for yourself:
http://www.zerohedge.com/news/2013-03-04/shorting-market-these-march-days-will-be-hazardous-your-health
That's a very interesting piece of information, JKH. I've long thought (and have expressed that view here) that when people talk about "the big boys" or "Helicopter Ben" or "Fed pumping" what they usually mean is that they've lost money because either their gut or their indicators have misfired.
DeleteWhatever the cause, markets have periods where they change behavior. A good trader, and a robust system, have to adapt to such changes. And it's hard to adapt when one can only attribute one's losses to some external force such as the Fed.
As for this current short... I'm gonna join you w/a smidge up here, J. Glad I avoided shorting that first part, today... And will add a smidge more on a gap up open tomorrow... if no gap, then will wait until the close to see if I see panic buyers coming in. I'll add into this over the next several days on continued strength.
ReplyDeleteWe should fade yesterday's move in the next week or so, so that's my time frame (and first target) for taking profits on shorts entered here and above.
SP500 1518 will be very key. Bears need to cream that. If When I see price move down to that level, I will start trailin' stops.
DeleteI'm joining y'all. I just took out a position in SPXS at 13.02.
ReplyDeleteHi J thank you for your update i would like to update you that my system soon will go short I am going to use SPXU but just waiting confirmation signal
ReplyDeleteThere's a decent chance that the Beige Book report at 2:00 pm (EST) will move the market.
ReplyDeleteTZA needs to close above 10.23 so that your short position could move
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