Unique swing trading signals and stock market commentary.
Friday, August 16, 2013
Hold signals
JTS remains on a short and CCI on a buy. So... no changes heading into the weekend. JT Comp is sidelined and I'll continue to hold my small TZA position. Thanks and have a good one!
I'm w/CCI, here, J... SPX 1648 is key. Bot 1653. Should see a pop back up to 1669 & then 1675... worth it for me to play for those 16 & 22 pts. Daily H&S patterns mostly met downside MM targets. Many indices at key support areas here (eg SPX @ 50dma, DOW @ 100dma). The July 11 pop day is completely erased (SPX). Though nothings' perfect, there are good odds we are higher (esp a +1% move or more) next week than where we closed Friday (with more upside potential than downside risk). At least that's what I'm seeing here. FWIW.
You know what I like about this board? We don't have to put up with cussing and filthy language. It's an amazing contrast from other sites. There are staunch, vocal defenders of the system, quiet onlookers, and victims various types... but not many attacks.
Have a good weekend. J.
ReplyDeleteI'm w/CCI, here, J... SPX 1648 is key. Bot 1653. Should see a pop back up to 1669 & then 1675... worth it for me to play for those 16 & 22 pts. Daily H&S patterns mostly met downside MM targets. Many indices at key support areas here (eg SPX @ 50dma, DOW @ 100dma). The July 11 pop day is completely erased (SPX). Though nothings' perfect, there are good odds we are higher (esp a +1% move or more) next week than where we closed Friday (with more upside potential than downside risk). At least that's what I'm seeing here. FWIW.
ReplyDeleteAs usual, I am leaving room to add.
You know what I like about this board? We don't have to put up with cussing and filthy language. It's an amazing contrast from other sites. There are staunch, vocal defenders of the system, quiet onlookers, and victims various types... but not many attacks.
ReplyDeleteI agree, we have a big gap to fill, then back up. This ride is not over yet
ReplyDeletewhere is J today, did I miss something???
ReplyDelete