The buy signal was confirmed. For the record, it was a strong buy signal.
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Today's key number is SPY 134.63. As long as we remain below that value, the system will cover the short position and go 50% long TNA. Based on indicators, this may or may not be 1 day early so I will be sticking to the system and going with a 50% position, leaving half in cash in case we go lower Monday. Should we power above 134.63, the system remains short. Have a good weekend!
How about TVIX up over 33% since my short signal?!?! Impressive. Hope you held on this long, RMI. :)
ReplyDeleteYes, but I still have a bit to make up. I don't suspect that this will be a very long, long position, but considering the manipulation in this market (can you say major buy program at the end of the day) I am not sure of anything any more.
DeleteI made a little money on the TVIX trade.
ReplyDeleteThanks for the board discussion and recommendation.
yah I traded it near the close, that was a crazy move... though I kinda feel like the markets are gonna go lower more..
ReplyDeleteSPY traded up to 134.63 few minutes after hours.. (I guess that doesn't count)
I like your system a lot, but i still think we're going lower as TNA under performs.
I'm the guy who was recommending you get stops in place and had the long code name because my aim handle wasn't working by the way. Still think an algo would be nice w/ the system.
ReplyDelete-Justin
I remember that and was wondering what that long name meant. Welcome back :-)
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