3:45pm: Strong buy signal confirmed. Covering shorts and going 50% long on the close. Keeping 50% cash in reserves in case of another buy signal next week.
10:24am: I am seeing a good chance of a buy signal today. In fact, if the market closed right now it would be a strong buy signal. Of course, we are only 1 hour into the trading day so lots can change but just a heads up that we could be flipping signs at the close. I really thought we'd be up today so this first hour weakness is a pleasant surprise. (The market is illogical - don't trade based on what you think or feel.) Good luck all.
$ has recovered from Greece news and is back at its downward trend line. The market is doing the opposite of the $
ReplyDeleteas right now the $ is backing off of its trend line and the market is bouncing back up. This is short term day action not a long term explanation.
This is going to be choppy until the $ moves or another wild news article hits the wire from a day trading perspective.
ReplyDeleteJ-Trader:
ReplyDeletePlease see my comment on TSPTalk.com
Thanks !!
So, bought a little (don't have much not already in settlement) UPRO at 69.61 so lets see if we get some gains next week.
ReplyDeleteHave a great week-end !!!