Monday, August 29, 2011

Hold signal.

Nice day! The system will hold the 50% long position for another day (at least). The unhealthy signal is a short signal, so perhaps it may be wise to take some profits here. After such a strong move the past 2 trading days, there should be at least a little more upside if for no other reason than pure momentum.
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8 comments:

  1. RealMoneyIssuesAugust 30, 2011 at 10:05 AM

    Dang it, I should have sold at the close so I could capture some gains... now they could be down as TNA is now down 5% in a matter of minutes...

    Shoot :(

    ReplyDelete
  2. RealMoneyIssuesAugust 30, 2011 at 10:16 AM

    Hmmm, Bulls are fighting back...

    Let's see where all this falls. I hope our gains from yesterday hold.

    ReplyDelete
  3. RealMoneyIssuesAugust 30, 2011 at 12:02 PM

    So, now that we are up 1.5% or so, I am going to go to my corner and leave you alone ;)

    ReplyDelete
  4. MicheleAugust 30, 2011 at 12:44 PM

    RMI - TNA (and the market in general) are looking short-term toppy right now. If you're looking for a quick exit, this might not be a bad spot.

    ReplyDelete
  5. J-TraderAugust 30, 2011 at 1:31 PM

    Michele is absolutely right. I have exited all longs and I'm sitting in cash right now. I may even consider buying some TZA if we get another pop this afternoon. It would be a very small position.

    ReplyDelete
  6. JamesAugust 30, 2011 at 2:31 PM

    Here goes - going long some TZA as a pure speculation play. This is not a system trade. As I've said before, sometimes I deviate! :)

    ReplyDelete
  7. JamesAugust 30, 2011 at 2:32 PM

    In TZA @ 40.15

    ReplyDelete
  8. RealMoneyIssuesAugust 30, 2011 at 3:06 PM

    What is your system saying now?

    ReplyDelete

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