Friday, July 5, 2013

Hold signals.

Not a fun day to be short. All systems will hold their positions though, as will I. Enjoy the weekend.

6 comments:

  1. No, not fun at all...

    I hope we can make even recover to even soon :)

    Have a great week-end!!

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  2. Here's a sobering thought: a long XIV position is up 30.5% ytd. There may be something to going long XIV during periods of contango and VXX during backwardation.

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    Replies
    1. TNA is up nearly 50% (or around 70% if you bought in Dec)

      Not a good year for a bear...

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  3. They got the YM futs up nearly 100 in premkt.... Added ES short. Will cover prior lot B/E+1 on retracement.

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  4. Looks like the market open will show more pain for shorts...

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    Replies
    1. Unless there is a late afternoon sell off with some volume I am probably going to cut my losses...

      Today's move confirms Fridays close above the 50 MA. If we get some selling below 1632.75 I may consider staying in for now, but there doesn't seem to be any signs of a downturn any time soon...

      Maybe "hopium" is more powerful than TA...

      All we are doing now is waiting for a black swan event...

      Good Luck everyone!

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