FWIW, the JTS is generating a 2nd short signal today. While history has proven that a 2nd short signal is almost always profitable, I am not very hopeful. Employment day tomorrow brings with it the possibility of some volatility, but the way things are going any significant moves will probably be huge to the upside. Looks like patience is required. I'm hanging in there....90% long TZA.
Thanks!
The best for you J. And for everybody else here. Thanks for sharing.
ReplyDeleteWill add more if we have a sizeable gap up open tomorrow... if we get a sizeable gap down , instead, I'll start trailin' stops. Bears are runnnin' out of time on this trade.
ReplyDeleteI think they are already out of time. Bears are in hibernation until 2016.
DeleteCan't imagine a bad enough print on the jobs number that would hurt this monster of a market?
ReplyDeleteFWIW, one of my least favorite expressions: IT IS WHAT IT IS. Kind of weird way to talk, but i guess it's an apt description for this market. No logic, no explanation, it's just doing whatever it's doing, for no discernible reason, until further notice, for better or for worse. Hang in there. Fortunately, I sold TZA Jan. 30 @ 11.36 with fear and trembling.
ReplyDeleteLest i be accused of boasting I should add that I've also stupidly held DGP since Nov. for a 19% loss (and BBSI for 17% gain). For now, I've opted to use J's system simply as an indicator of positive/negative market bias. We do appreciate you, J.
ReplyDeleteNone that's what I want to hear bears capitulating! Lol
ReplyDeleteAs J mentioned yesterday it,s very volatile I am still holding my SPXU position and day trading with SOXS
ReplyDeleteI just dumped my SPXS and took the 20 cent loss. Serves me right for not waiting for a regression trend signal. Foo.
ReplyDeletePatient here--
ReplyDeleteUgh.
ReplyDeleteMy system holds
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