Posts Tagged ‘spx’
We Got Continuation On the Short Side
What I talked about yesterday was that continuation pattern. I cashed out of my index fund shorts as well as my TZA today. I was also long some LAMR puts, sold those early this morning for 51% gain, however, had I held another 1 1/2 hours would be up over 100%. I think tomorrow is …
Market Still In WTF Period
And that WTF period is looking more bullish than bearish. You just have to have the fortitude to sit regardless of anything else. I can’t decide if I’m happier sitting in held positions and waiting for the ramp or just sit in cash. Are we getting enough sustained healthy upside for it to be worth …
I Didn’t Like The Trading Action Today
Currently or as of Friday, and it was mentioned over the weekend, that I have some overbought signals that are keeping me from being long the indexes. I had enough to attempt a short trade there, but I didn’t want to bother. The greater reward is to the long side I think after a pullback. …
Never Short A Dull Market
That is what I think of at this point in the uptrend. Last week was dull, but it moved higher ultimately. My overbought indicators are all on for market indexes, but as usual they are to be ignored when the uptrend is where it is. Will we get a pullback? I do not know where …
Example Of The Off Cycle Was Today
I posted about indicators going into off cycle. It happened a week ago or so, but its not truly recognized until you see two signals. You probably don’t know what I’m talking about, but look for that pattern in your own indicators. What normally works and is logical – price action all of a sudden …
