Thursday, March 8, 2012

Short confirmed.

4:05pm... The short was confirmed. Let's go bears!


~~~~~~~~~~~~~~~~~~~~~~~


Here are the numbers:

If SPY closes @ 136.41 or higher, the system sells the long position AND opens a 100% short position in TNA (buying TZA is always an option).

If SPY closes 135.97 to 136.40: Sell longs & head to the sidelines.

Below 135.97, hold longs.

Peace!
Posted by at

16 comments:

  1. johnMarch 8, 2012 at 3:04 PM

    thanks

    ReplyDelete
  2. JamesMarch 8, 2012 at 3:04 PM

    Looking good, the long trade may be a winner after all...

    ReplyDelete
  3. xtrendsMarch 8, 2012 at 3:11 PM

    J trader, do I understand, when the system gives a short signal, you do not actually buy the short position while the market status is healthy???

    ReplyDelete
    Replies
    1. JamesMarch 8, 2012 at 3:56 PM

      No, I am going fully short on the close. Market health is internal to the system and simply makes short signals harder to generate (when healthy). So this is a strong short signal and I am following it.

      Delete
  4. RealMoneyIssuesMarch 8, 2012 at 3:23 PM

    Can't imagine this NOT being a short now... unless there is a huge dump in the next 40 mins...

    WooHoo

    ReplyDelete
    Replies
    1. JamesMarch 8, 2012 at 3:57 PM

      If you want to be short, this should be a great entry. Way above the trigger!

      Delete
    2. RealMoneyIssuesMarch 8, 2012 at 3:59 PM

      Yup, short, done...

      Let's see what happens

      Delete
  5. jtthompMarch 8, 2012 at 4:09 PM

    And your CCI also paid off. If my calculations are correct, it was 6.8% on the TNA.

    ReplyDelete
    Replies
    1. JamesMarch 8, 2012 at 10:53 PM

      Yes, thanks for reminding me! I forgot to mention this in my post. I love the CCI.

      Another fun fact.... If the SPY CCI(14) is above zero again tomorrow or any of the next few days, it could generate a rare short signal in a "long only" environment. I'll make a dedicated post regarding this topic tomorrow, especially since we are short now.

      Delete
  6. AlgyrosMarch 8, 2012 at 7:04 PM

    J, in a healthy environment, does the system tend to hold onto shorts for a shorter period of time than in an unhealthy environment? For example, if this short proves profitable, will the system be likely to get out of it quickly?

    ReplyDelete
    Replies
    1. JamesMarch 8, 2012 at 10:44 PM

      Yes, definitely. The reason is that requirements to generate a buy signal in a healthy environment are more lax than in an unhealthy market...

      Still though, it just depends on how the next few days play out. We could be short for anywhere from 1-10 days. It's impossible to say at this point.

      Delete
  7. RealMoneyIssuesMarch 9, 2012 at 10:26 AM

    Kinda wish I had waited to today to sell my TNA... sigh, oh well
    :-)

    ReplyDelete
  8. samirMarch 9, 2012 at 10:36 AM

    hi j
    what is the stop loss for tna? thanks

    ReplyDelete
  9. JamesMarch 9, 2012 at 10:38 AM

    Yes this sucks, but now we sit back and wait... Patience is required. :)

    ReplyDelete

Subscribe to: Post Comments (Atom)