Steve, shouldn't this gap fill from the may flash crash? That could easily trigger selling. This time I definitely prefer your defensive strategy to my offensive one. Charles
Shark I1 bottomed 9/30 and peaks at the close today. I already produced a table days ago showing the dramatic slowdown in the advance during the I1 sell signal ending 9/30 (SPX slowed to .17% per day during the signal). Basel gave the green light to the bulls. I've been out of the market from 9/30 until late yesterday when I brought up SDS from 1% to 5%. 1% SDS is 100 shares for a $300,000 portfolio. Nothing. Look at the Trade History before you shark me.
I believe you re-entered your Crude short, right? Are you comfortable holding Crude short over the weekend? Seems there's political risk with that trade. For example, war breaking out in the Middle East. And with I1 dropping, doesn't that increase the possibility of such?
I'm still short crude. The market gave me money to hold the trade. Crude is in step with the stock market reflation psychology, so a reveral in one should affect the other.
Steve,
ReplyDeleteshouldn't this gap fill from the may flash crash? That could easily trigger selling. This time I definitely prefer your defensive strategy to my offensive one.
Charles
September forecast was dead wrong and october looks to be wrong too. Not sure if L1 needs to be recalculated...
ReplyDeleteCharles
ReplyDeleteI don't see unfilled gaps. SPY chart shows a gap that was filled at 116, but that gap occurred a week after the flash crash.
Shark
ReplyDeleteI1 bottomed 9/30 and peaks at the close today. I already produced a table days ago showing the dramatic slowdown in the advance during the I1 sell signal ending 9/30 (SPX slowed to .17% per day during the signal). Basel gave the green light to the bulls. I've been out of the market from 9/30 until late yesterday when I brought up SDS from 1% to 5%. 1% SDS is 100 shares for a $300,000 portfolio. Nothing. Look at the Trade History before you shark me.
Steve,
ReplyDeleteI believe you re-entered your Crude short, right? Are you comfortable holding Crude short over the weekend? Seems there's political risk with that trade. For example, war breaking out in the Middle East. And with I1 dropping, doesn't that increase the possibility of such?
sorry, Shark is hungry and wants to see red
ReplyDeleteI'm still short crude. The market gave me money to hold the trade. Crude is in step with the stock market reflation psychology, so a reveral in one should affect the other.
ReplyDeleteShark
ReplyDeleteYou're always welcome here.
Anonymous
ReplyDeleteMy trading rules are set in stone. I only allow minimal exposure until specific trend M/As are broken, then exposure increases.