Friday, June 21, 2013

Hold signals.

JTS will remain in cash while CCI will hold it's long position.  JT Comp remains 50% Long TNA over the weekend.  I'm sidelined.  Have a good one!


  1. I've been playing around with, in a totally random and unscientific way. However, assuming that the average J trade is something in the order of 5 days, it seems that the overwhelming majority of times going short the opposite ETF from the one in the signal produces superior results. For example, on a long call, short TZA is better than long TNA. And on a short call, short TNA is better than long TZA.

    I'd love to hear a discussion of this idea.

    1. Al,

      I believe J did have a discussion about this in the past, but can't point you to what day nor month. I wonder if there is a way to search this blog?

    2. Really?? The word "arbitrage" suddenly popped into my head.

  2. There's no way to search the blog that I know of.

    I'd love to hear J's thoughts on the matter. The basic idea is to take time decay into account. I had assumed that decay would only work in longer time frames, but hardly any 5 day period that I tested didn't favor shorting over going long.

  3. Loaded up with some TZA shorts in premkt... can't believe I got those.

  4. Maybe the JTS will flip long on this drop today