Unique swing trading signals and stock market commentary.
Tuesday, November 22, 2011
Hold confirmed.
The system remains 25% long. The VIX being down along with the market is somewhat concerning, although some will say it's bullish. I see it as complacency.
I wish I could give a clear answer, but I won't know anything until tomorrow at the earliest.
I can think of only 2 positive things about this current position. 1) I'm not all-in like August and 2) we have some strong seasonality the rest of the week.
RMI, I'm too stubborn to capitulate. Sometimes that works to my advantage, sometimes it doesn't. Right now though, my TNA position is small enough that I'm not too worried about the market this week.
Are you seeing any shorting on the horizon?
ReplyDeleteI wish I could give a clear answer, but I won't know anything until tomorrow at the earliest.
ReplyDeleteI can think of only 2 positive things about this current position. 1) I'm not all-in like August and 2) we have some strong seasonality the rest of the week.
Hey J...
ReplyDeleteThoughts?
Capitulation on the last half TNA and go TZA?
Oil and gold not confirming today's low. More likely bottoming process underway for end of year rally.
ReplyDeleteHappy Thanksgiving for those below the border.
RMI, I'm too stubborn to capitulate. Sometimes that works to my advantage, sometimes it doesn't.
ReplyDeleteRight now though, my TNA position is small enough that I'm not too worried about the market this week.