Monday, April 15, 2013

Wow...100% Cash!

JTS remains short but the CCI is going long today.  This moves the JT Composite to a 100% cash position.  Fine by me, I'm headed there as well after a superb day.   Welcome back volatility....where've ya been?

Thanks and congrats to all shorts!

J

9 comments:

  1. Thanks J and congrats on a profitable trade!

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  2. J, now THAT was fun.... patience paid off... and the RUT was definitely the best short candidate of all... wowza, what an under-perfomance! Lotta broken charts now.... gonna be a while before we go back and fill today's downside move -- looks like we did some nice failed upside breakouts... and those baby's last!

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    1. Thx, yes I agree. Chart is damaged. Any bounce at this point is ripe for shorting. Would love to see another big down day tomorrow, then we'd be primed for that bounce. I suspect it'll be a range day though.

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  3. I'm not expecting another down day tomorrow, not with the VIX having busted way over its upper BB on Monday. It generally comes right back down after pulling that one.

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  4. BINGO...I'm w/Michele... statistically, to expect another down day today is betting against the odds. They blew a lot of VIX w/the big move... time to take some of that back.

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  5. here you are J, short the rally

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