Wednesday, July 10, 2013

Hold signals.

Nothing new to report. Still holding my positions as all models remain short. Thx!

Tuesday, July 9, 2013

Holding

Nothing new today, beside the usual short bleed. All systems remain short. FWIW, the JTS is generating a strong short signal. I would love to be opening a short position today. I will continue to hold. Take care!

Monday, July 8, 2013

Hold signals.

I can tolerate a 1-2% loss in my TZA each day. That is somewhat ok with me in the world of trading. What kills me is how badly my UVXY is getting crunched these past few sessions. Hurts to even look.... However, I will continue to hold on for higher prices. All systems remain short... Hope the weekend went well. I had the pleasure of riding Top Thrill Dragster at Cedar Point. What a blast! Take care.

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.

Wednesday, July 3, 2013

Holding...

All systems will remain short. Have a happy fourth!

Tuesday, July 2, 2013

Hold signals.

All systems remain short and I will continue to hold my short positions.  Just a reminder - markets close early tomorrow at 1pm ET.  Have a good evening! 

Monday, July 1, 2013

Hold signals.

Just fired up the computer - Ouch! - I had a feeling this would happen what with bullish July 1st seasonality and $85bil/mo POMO, but ya can't always trust or trade feelings.  Both TZA and UVXY are taking a huge hit.

Systems were giving short signals a short while ago, but have reverted back to hold signals.  Either way, all systems remain 100% short.  I see no reason to deviate yet.  My guess is a few more days of strength followed by significant weakness into the 2nd weak of July.  We'll see.  Take it easy. J