Tuesday, May 28, 2013

Hold cash.

The JTS remains short while the CCI remains long.  This keeps the JT Comp in cash.  I will keep my losing 50% TZA position for now.  Thanks!

9 comments:

  1. Thanks, J.

    And, I was wondering why you appear to have changed your investment plan from the 100% system to just trading the JTS. If you have the time, I'd like to know the thought process behind this shift.

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  2. Finally joined ya on this one, J. Hope the Nikkei shits. that'll take everything down hard.

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  3. Futures looking good for us so far. Europe helped us out there

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    1. Sure, but the 7am buyers came in and now we are heading back up... bounced off 1642.50

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  4. I'll take of a smidge at teh open on a big gap down... got -70 YM right now... nice. Move stops to B/E+1 on remainder, just in case. Let the majority ride at least to close today. Will cover all on a saturation down close.

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  5. Still too many dip buyers out there...

    No black swan event => no correction

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  6. Looks like the dip buyers are going to be able to close the gap and might even make a try for a positive day.

    Completely amazing...

    and

    Completely frustrating...

    Looks like 4 weeks of wasted time in the market (sitting in a 3x ETF which is insane for that long) and I will probably still take a loss... grrrrr

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  7. Oh, and if we get anywhere near 164 on the SPY again, I am going to sell and sit on the sidelines. That has been support and bounced 3x now, so until that is taken out I believe we have seen the "correction."

    Bond have been taken out the woodshed and shot (point blank) and the equity markets are on full strength "Hopium."

    Stupid Sheeple...

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