Wednesday, September 7, 2011

Hold confirmed.

Officially, the system will remain on the sidelines with a hold signal. Unofficially, the unhealthy signal (which I believe the market status should be) is a short signal if SPY closes at 119.95 or higher. If that occurs, I will take a small position in TZA on the close. Technically, this is a non-system trade since we are "officially" healthy.
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6 comments:

  1. RealMoneyIssuesSeptember 8, 2011 at 2:02 PM

    Any thoughts (premonition) on today's signal???

    ReplyDelete
  2. JamesSeptember 8, 2011 at 2:05 PM

    Dumped my shorts @ TNA 43.17 for a nice 2 pt move.

    Getting a strong buy signal now.

    ReplyDelete
  3. RealMoneyIssuesSeptember 8, 2011 at 2:41 PM

    Just got stopped out on TZA at 44.25 from buying it last night at 42.36

    Let see where we go tomorrow :)

    ReplyDelete
  4. RealMoneyIssuesSeptember 8, 2011 at 3:08 PM

    looks like we both sold early...

    ReplyDelete
  5. JamesSeptember 8, 2011 at 3:21 PM

    yeah, you never want to get greedy but sometimes it pays to sit on your hands for a little bit.

    ReplyDelete
  6. MicheleSeptember 8, 2011 at 3:28 PM

    I definitely wouldn't be putting on any trades ahead of the Empty Suit's speech tonight.

    ReplyDelete

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