the proprietary smart money indicator continues to be in sell mode although the sentiment survey provided by the american association of individual investors is no longer blatantly bearish as it was for almost the entire month of january. on the bearish front, keep an eye on $nysi, as it is almost ready to tip its hand.
the 2faced system grew out of market frustration when my smart money indicator triggered a sell signal while i watched the market rally. distress can be the mother of invention after all. the system is meant to be traded as a whole, that is, both longs and shorts need to be bought and shorted simultaneously. i am on the other hand also building a better mouse trap to catch any further premature smart money sell signals with the aid of some new indicators that look very promising; more on this later.
the january, 2013, monthly 2faced longs were closed out on 2013/02/01 with a total profit of 8.29%. while spy returned 3.65% during the same period. the longs returned a 6.02% profit, the monthly 2faced shorts returned a 2.27% profit.
2faced monthly shorts for january 2013, remember these stocks are shorted and if profitable trades they should show decreases, therefore, are in red::
the weekly 2 faced longs closed out on january 08,2013 with a profit of 3.01% for the week , the weekly 2faced shorts were closed out with a profit of 1.07% for the one week for a system total of 4.08% while the bench mark spy returned a 0.56% profit during the same week:
the weekly 2faced shorts closed out on friday, 2013/2/08 with a profit of 1.07%, remember these stocks are shorted and if profitable trades they should show decreases, therefore, the returns are in red:
the weekly 2faced system is still a work in progress, i believe with some fine tuning i can increase weekly returns.
monday, after market update, 2013/02/11
A. short term indicators/systems:
eliott PSTT: remains on buy signal. the most heavily weighted indicator.
qqq indicator: +4, down from +5, remains on buy signal.need 0 to sell ………and -6 to short..
smart money indicator: -8 , up from -10. remains on sell signal.
feb. monthly 2faced longs 0.07% loss today.
feb. monthly 2faced shorts 1.37% loss today.
weekly 2faced longs , new algorithm 0.87% profit today
weekly 2faced shorts, new algorithm,0.37% loss today
still working on fine tuning the algo for both the weekly and daily 2faced systems.
spy -0.02%.
B. long term indicators or systems:
crash indicator at +6 from friday, next update on 2013/02/15. a rare -10 signals a 2008 type of crash.
C. trades:
no trades today. still 99% cash except for spy puts.
long term folio buy signal possibly coming up, buy aapl, a 10% allocation of total portfolio, watch for signal.
D. stock watch:
long break outs:kerx, sgmo, isis mcbc, svu, cndo,ctcm., adding furx,mcbc and bby
actions, cndo probably broke out this week.
short break outs: mflix, fbc, sanm, fbc, iag, osis. adding lqdt.
E. trades:
i remain 99% cash and 1% in march spy puts awaiting at least a 3% pullback in which to load up on longs . watching aapl for a possible long signal in the long term folio for next week.
cheers from venice, italy.
continue to watch the comments section for daily market updates with trades and system updates.
Submitted on 2013/02/11 at 8:17 am:
the new weekly 2faced trades are:
the new weekly shorts are: psmt ann, tck, nsp, ivc, pmfg, echo, guid, ssd and rvbd.
the new weekly longs are sgi, rsh, cimt, sncr, lci, ntwk, manu, edap, whx and ntap.
purchases will reflect friday’s closing prices, 2013/02/08.
Ok – who’s the babe at the top?
scarlett j. breaking out.
tuesday, after market update, 2013/02/12
A. short term indicators/systems:
eliott PSTT: remains on buy signal. the most heavily weighted indicator for signalling a change in weekly to monthly wave counts and trend changes.
qqq indicator: +5, up 1 point, remains on buy signal.(need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
smart money indicator: -8 , up from -10. remains on sell signal. a -8 is usually a sell.
feb. monthly 2faced longs 0.02% loss today. holds for an entire month.
feb. monthly 2faced shorts 1.11% loss today. holds for an entire month.
weekly 2faced longs, 1.22% loss today. holds longs for 5 days
weekly 2faced shorts,0.49% profit today. holds shorts for 5 days.
still working on fine tuning the algo for both the weekly and daily 2faced systems.
spy +0.16%.
B. long term indicators or systems:
crash indicator at +6 on friday, 02/08.next update will be on 2013/02/15. a rare -10 signals a 2008 type of crash.all other long term indicators remain on a buy.
C. trades:
no trades today. still 99% cash except for spy puts. waiting on minor pullback to re-institute 100% long positions.
long term folio buy signal possibly coming up for next week, buy aapl, a 10% allocation of total portfolio, watch for signal.
D. stock watch:
long break outs:kerx, sgmo, isis mcbc, svu, ctcm., adding furx ……………………and bby
short break outs: lqdt,fbc, bcv,kbalb,mflix, fbc, sanm, fbc, iag, osis. adding lqdt.
E. actions:
no trades today.
see the “ABOUT” section of the blog for more detailed descriptions of the use of all the above indicators and different trading portfolios.
follow the comments section for regular indicator and trade updates, usually prepared on a regular basis usually prior to opening bell.
shorting tna in the 79.89 area.
tna short order not filled
wednesday, after market update, 2013/02/13
A. short term indicators/systems:
eliott PSTT: remains on buy signal. the most heavily weighted indicator for signalling a change in weekly to monthly wave counts and trend changes.
qqq indicator: +3, down 2 points, remains on buy signal.(need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
smart money indicator: -8 , inchanged. remains on sell signal. a -8 is usually a sell.
feb. monthly 2faced longs 0.97% profit today. holds for an entire month.
feb. monthly 2faced shorts 0.42% profit today. holds for an entire month.
weekly 2faced longs, 0.99% profit today. holds longs for 5 days
weekly 2faced shorts,0.72% profit today. holds shorts for 5 days.
still working on fine tuning the algo for both the weekly and daily 2faced systems.
spy +0.09%.
B. long term indicators or systems:
crash indicator at +6 on friday, 02/08.next update will be on 2013/02/15. a rare -10 signals a 2008 type of crash.all other long term indicators remain on a buy.
C. trades:
no trades today. still 99% cash except for spy puts. waiting on minor pullback to re-institute 100% long positions.
long term folio buy signal possibly coming up for next week, buy aapl, a 10% allocation of total portfolio, watch for signal.
D. stock watch:
long break outs:kerx, sgmo, isis mcbc, svu, ctcm., adding furx ……………………and bby
short break outs: lqdt,fbc, bcv,kbalb,mflix, fbc, sanm, fbc, iag, osis. adding lqdt.
E. actions:
no trades today.
see the “ABOUT” section of the blog for more detailed descriptions of the use of all the above indicators and different trading portfolios.
follow the comments section for regular indicator and trade updates, usually prepared on a regular basis usually prior to opening bell.
thursday, after market update, 2013/02/14
A. short term indicators/systems:
eliott PSTT: remains on buy signal. the most heavily weighted indicator for signalling a change in weekly to monthly wave counts and trend changes.
qqq indicator: +5, up 2 points, remains on buy signal.(need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
smart money indicator: -8 , unchanged. remains on sell signal. a -8 is usually a sell.
feb. monthly 2faced longs 1.48% profit today. holds for an entire month.
feb. monthly 2faced shorts 0.53% loss today. holds for an entire month.
weekly 2faced longs, 0.76% profit today. holds longs for 5 days
weekly 2faced shorts,0.07% profit today. holds shorts for 5 days.
i use the weekly 2faced stocks as day trading candidates.
still working on fine tuning the algo for both the weekly and daily 2faced systems.
spy +0.09%.
B. long term indicators or systems:
crash indicator at +6 on friday, 02/08.next update will be on 2013/02/15. a rare -10 signals a 2008 type of crash.all other long term indicators remain on a buy.
C. trades:
no trades today. still 99% cash except for spy puts. waiting on minor pullback to re-institute 100% long positions.
long term folio buy signal possibly coming up for next week, buy aapl, a 10% allocation of total portfolio, watch for signal.
D. stock watch:
long break outs:$HPTS,$ENMD,$OCCUR..
short break outs: $BLOV, $ELLI, $PERRI, $LQDI.
E. actions:
no trades today.
see the “ABOUT” section of the blog for more detailed descriptions of the use of all the above indicators and different trading portfolios.
follow the comments section for regular indicator and trade updates, usually prepared on a regular basis usually prior to opening bell.
corresponding tune for tonight’s BLOG background art:
happy valentine’s day.
2:25 a.m. :
per the new “hot potato” trading system: buying $HOV at friday’s open. 2% allocation of total portfolio.
per the “hot potato” new trading system: buying $HOV at friday’s open, a 2% allocation of total portfolio.
Pat Metheny Group – The Roots Of Coincidence
this isn’t the regular kind of Pat Methany. it’s very rock oriented.
interesting, new to me.
$VMW went long, but don’t trust it. will have a tight stop. i need to see more trading days on its chart.
wow! that’s one scary looking chart.
i am seeing renewed vigor in this market. going long tna @mkt. (about 82.24) a 10% allocation of total portfolio.
$HOV currently +7%.
increased tna longs at 81.31 to 30% allocation, using 81.15 as today’s stop.
friday, after market update, 2013/02/15
A. short term indicators/systems:
eliott PSTT: remains on buy signal. the most heavily weighted indicator for signalling a change in weekly to monthly wave counts and trend changes.
qqq indicator: +4, down 1 point, remains on buy signal.(need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
smart money indicator: -8 , unchanged. remains on sell signal. a -8 is usually a sell.
feb. monthly 2faced longs 0.88% loss today. holds for an entire month.
feb. monthly 2faced shorts 2.03% profit today. holds for an entire month.
weekly 2faced longs, 025% profit today. holds longs for 5 days
1.65% profit for enire week
weekly 2faced shorts,0.24% profit today. holds shorts for 5 days.
1.14% profit for the week.
weekly 2faced trades closed at 4pm closing bell for 2.79% combo profit.
spy made a 0.31% profit for the week.
new weekly trades at closing bell will be presented later.
i use the weekly 2faced stocks as day trading candidates.
still working on fine tuning the algo for both the weekly and daily 2faced systems.
spy -0.12% today.
B. long term indicators or systems:
crash indicator at +2 down for +6 last friday, 02/15.next update will be on 2013/02/22. a rare -10 signals a 2008 type of crash.all other long term indicators remain on a buy.
C. trades:
33% long, 1% long in spy puts. see blog for today’s trade details.. waiting on minor pullback to re-institute 100% long positions.
long term folio buy signal possibly coming up for next week, buy aapl, a 10% allocation of total portfolio, watch for signal.
D. stock watch:
long break outs:$HPTS,$ENMD,$OCCUR..
short break outs: $BLOV, $ELLI, $PERRI, $LQDI.
E. actions:
see blog for today’s trades.
see the “ABOUT” section of the blog for more detailed descriptions of the use of all the above indicators and different trading portfolios.
follow the comments section for regular indicator and trade updates, usually prepared on a regular basis usually prior to opening bell.
2faced weekly longs for tues., 2-19-13:
$FES, $NTWK, $CG, $BGCP, $MTRX, $AEIS, $ACM, $KEG, $SNMX, $BAS.
2faced weekly shorts for tues., 2-19-12:
$NOG, $DGIT, $PVG, $OSIR, $EXK, $AEM, $JE, $ANV, $AUQ, $PVG.
for medium term folio , a 10% allocation of total portfolio, i will buy the following etfs/stocks:
fas, drn, lbj and svxy..
for the same medium term folio i will short the following etfs/stocks:
nugt, gasl, yinn, indl, tmf and rusl.
i will thus be 34% long , including the short term tna long trade from friday and 6% short in the medium term folio and 1% long march spy puts: thus 41% invested.
all medium term folio trades were entered at tuesday morning’s open, 2013/02/19, exits will be posted, if any, will be posted on friday’s comment’s section and taken at the next morning’s open.
I can’t get enough of this TRAIN WRECK!
i was watching this on mute,
and playing pink floyd music on the other window.
T was asking me about shorting EBAY… Last week he was asking me about SPG short, he caught that at the very top. I think he gets my method, he’s a long long time member. been with me 6 years now.
thanks z.
Sealed Air Corporation $SEE in the prior large cap folio of 10 stocks: delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 13.75%.
tuesday, after market update, 2013/02/19
A. short term indicators/systems:
eliott PSTT: remains on buy signal. the most heavily weighted indicator for signalling a change in weekly to monthly wave counts and trend changes.
qqq indicator: +6, up 2 points, remains on buy signal.(need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
smart money indicator: -3 , up 5 points. remains on sell signal. a -8 is usually a sell.
feb. monthly 2faced longs 1.86% profit today. holds for an entire month.
feb. monthly 2faced shorts 2.60% profit today. holds for an entire month.
weekly 2faced longs, 0.69% profit today. holds longs for a full week.
weekly 2faced shorts, 2.44% profit today. holds shorts for a full week.
best performers today were $DGIT a short ,in the weekly 2faced shorts, profitable by 28% today, and $PBM in the monthly 2faced shorts, profitable by 15% today.
i use the weekly 2faced stocks as day trading candidates.
spy +0.75% today.
B. long term indicators or systems:
crash indicator at +2 down for +6 last friday, 02/15.next update will be on 2013/02/22. a rare -10 signals a 2008 type of crash.all other long term indicators remain on a buy.
C. trades:
43% invested, 1% long in spy puts. see blog for today’s trade details.. waiting on minor pullback to re-institute more long positions.
for medium term folio , a 10% allocation of total portfolio, i will buy the following etfs/stocks:
fas, drn, lbj and svxy..
for the same medium term folio i will short the following etfs/stocks:
nugt, gasl, yinn, indl, tmf and rusl.
i will thus be 34% long , including the short term tna long trade from friday and 6% short in the medium term folio and 1% long march spy puts: thus 41% invested.
D. stock watch:
long break outs:$HPTS,$ENMD,$OCCUR..
short break outs: $BLOV, $ELLI, $PERRI, $LQDI.
E. actions:
see blog for today’s trades. i will soon be trading the weekly 2faced system in my account, a conservative profit goal will be 1% to 2% per week after commissions, that would be about a 67% return compounded over 52 weeks at a minimum, not bad for a market neutral strategy if it continues to work for me.
see the “ABOUT” section of the blog for more detailed descriptions of the use of all the above indicators and different trading portfolios.
follow the comments section for regular indicator and trade updates, usually prepared on a regular basis usually prior to opening bell.
WEDNESDAY, AFTER MARKET UPDATE, 2013/02/20
A. SHORT TERM INDICATORS/SYSTEMS:
eliott PSTT: remains on buy signal. a thursday, 2013/02/21, close below 1511 spx will trigger a sell signal, the PSTT is the most heavily weighted indicator for signalling a change in weekly to monthly wave counts and trend changes.
qqq indicator: +4, down 2 points, remains on buy signal.(need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
smart money indicator: -6 , up 3 points. remains on sell signal. a -8, once triggered is usually a sell and remains so until a +7 is triggered.
feb. monthly 2faced longs 3.98% loss today. holds for an entire month.
feb. monthly 2faced shorts 1.38% profit today. holds for an entire month.
weekly 2faced longs, 3.08% loss today. holds longs for a full week.
weekly 2faced shorts, 4.92% profit today. holds shorts for a full week.
a 4.8% profit for combo longs and shorts this week – so far.
i use the weekly 2faced stocks as day trading candidates.
$SPY -1.25% today.
B. LONG TERM INDICATORS:
crash indicator at +2 from last friday, 02/15.next update will be on 2013/02/22. a rare -10 signals a 2008 type of crash.all other long term indicators remain on a buy.
C. TRADES/ALLOCATION:
41% invested, 38% short, 3% long.
see blog for today’s trade details. waiting on minor pullback to possibly re-institute more long positions.
D. STOCK WATCH:
SHORT break out watch:$GUID,$ELLI,$RDEN,$SD, $MHP.
LONG break out watch: $OESX, $CZR, $GTN, $SWIRI.
E. MISCELLANEOUS COMMENTS:
see blog for today’s trades. i will soon be trading the weekly 2faced system in my account, a conservative profit goal will be 1% to 2% per week after commissions, that would be about a 67% return compounded over 52 weeks at a minimum, not bad for a market neutral strategy if it continues to work for me.
see the “ABOUT” section of the blog for more detailed descriptions of the use of all the above indicators and different trading portfolios.
follow the comments section of my blog for regular indicator and trade updates, usually prepared on a regular basis usually prior to opening bell.
closed 10% allocation of tna longs from fri., 02/15, from 82.24 at 82.35 for a 0.13% of a $130 profit, closed a 20% allocation of tna longs from 81.15, from fri., 02/15, at 82.35 for a 1.47% or a $2940 profit.
now 30% allocation of tna shorts from 82.33.
current total portfolio allocation: 41% invested, 38% short, 3% long.
last night’s tna longs were profitably closed, last night’s tna shorts are even more profitable now, lowering protective stops on shorts.
now short $TECL and $EDC in medium term folioB, a 1% allocation of each at 50.15 and 99.05, respectively. now 40% short, 3% long.
closing out 1/3 of tna shorts for good measure @ 76.92 from 82.33 on wed 2013/02/20 for a 6.57% or #6,571 dollar profit.
The Cars – Complete, must be at least one song here, that will make the grade.
got one account, funny thing, it didn’t do that much for 9 month’s, then past 3 month’s, it doubled…. caught a lot of calls that went up 100% to 200%. have a watchlist designed for those gains,
RGLD made the list today.
congrats, good call. incidental pun.
THURSDAY, AFTER MARKET UPDATE, 2013/02/21
A. SHORT TERM INDICATORS/SYSTEMS:
eliott PSTT: remains on buy signal. a thursday’S, 2013/02/21, close below 1511 spx will triggered a SELLl signal, the PSTT is the most heavily weighted indicator for signalling a change in weekly to monthly wave counts and trend changes.
qqq indicator: -7, down 11 points, has now triggered a sell short signal.(need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
smart money indicator: -6 , up 3 points. remains on sell signal. a -8, once triggered is usually a sell and remains so until a +7 is triggered.
feb. monthly 2faced longs 2.37% loss today. holds for an entire month.
feb. monthly 2faced shorts 0.86% loss today. holds for an entire monthly combined longs and shorts net about a 1% profit to day this month vs-0.54% for spy.
weekly 2faced longs, 1.28% loss today. holds longs for a full week.
weekly 2faced shorts, 0.67% loss today. holds shorts for a full week.
a net 2.7% profit for combo longs and shorts this week – so far.
i use the weekly 2faced stocks as day trading candidates.
$SPY -0.61% today.
B. LONG TERM INDICATORS:
crash indicator at +2 from last friday, 02/15.next update will be on 2013/02/22. a rare -10 signals a 2008 type of crash.all other long term indicators remain on a buy.
C. TRADES/ALLOCATION:
33% invested, 30% short, 3% long.
see blog for today’s trade details. waiting on minor pullback to possibly re-institute more long positions.
D. STOCK WATCH:
SHORT break out watch:$GUID,$ELLI,$RDEN,$SD, $MHP.
LONG break out watch: $OESX, $CZR, $GTN, $SWIRI.
E. MISCELLANEOUS COMMENTS:
a SELL short signal has finally been triggered by the elliott “PSTT” indicator as well as the qqq indicator. locked in some decent short term profits, awaiting a short term pop to short more tna . i will probably add some non-tna shorts in the morning. as well.
see blog for today’s trades. i will soon be trading the weekly 2faced system in my account, a conservative profit goal will be 1% to 2% per week after commissions, that would be about a 67% return compounded over 52 weeks at a minimum, not bad for a market neutral strategy if it continues to work for me.
see the “ABOUT” section of the blog for more detailed descriptions of the use of all the above indicators and different trading portfolios.
follow the comments section of my blog for regular indicator and trade updates, usually prepared on a regular basis usually prior to opening bell.
stopped out @ 78.95 stop on the tna shorts, a 20% allocation from 82.33 for a 4.1% profit or #8,210. now long from 78.97, a 10% allocation of tna.
FRIDAY, AFTER MARKET UPDATE, 2013/02/22
A. SHORT TERM INDICATORS/SYSTEMS:
eliott PSTT: remains on a SELL signal. a thursday’S, 2013/02/21, close below 1511 spx triggered a SELLl signal AND IS STILL ON A SELL, the PSTT is the most heavily weighted indicator for signalling a change in weekly to monthly wave counts and trend changes.
qqq indicator: -8, down 1 point, has now triggered a sell short signal on thursday.(need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
smart money indicator: -6 , up 3 points. remains on sell signal. a -8, once triggered is usually a sell and remains so until a +7 is triggered.
feb. monthly 2faced longs 1.11% profit today. holds for an entire month.
feb. monthly 2faced shorts 0.59% profit today. holds for an entire month. monthly combined longs and shorts net about a 2.84% profit to day this month vs +0.43% for spy.
weekly 2faced longs, 2.41% profit today. holds longs for a full week.
weekly 2faced shorts, 0.32% loss today. holds shorts for a full week.
a net 4.71% profit for combo longs and shorts this week or 2.35% on entire 20 stock position – positions closed at friday’s close.
i use the weekly 2faced stocks as day trading candidates.
$SPY+0.98% today.
B. LONG TERM INDICATORS:
crash indicator at +4 versus last friday’s +2.next update will be on 2013/02/29. a rare -10 signals a 2008 type of crash.all other long term indicators remain on a buy.
C. TRADES/ALLOCATION:
23% invested, 10% short, 13% long.
see blog for today’s trade details. waiting on minor pullback to possibly re-institute more long positions.
D. STOCK WATCH:
SHORT break out watch:$GUID, $RPRX, $RDEN $ELLI broke down on thursday.
LONG break out watch: $OESX broke out last monday,, $CZR broke out thursday, $RSOL, $NFLX, $ANGI.
E. MISCELLANEOUS COMMENTS:
a SELL short signal has finally been triggered by the elliott “PSTT” indicator as well as the qqq indicator. locked in some decent short term profits, awaiting a short term pop to short more tna . i will probably add some non-tna shorts as well.
see blog for today’s trades. i will soon be trading the weekly 2faced system in my account, a conservative profit goal will be 1% to 2% per week after commissions, that would be about a 67% return compounded over 52 weeks at a minimum, not bad for a market neutral strategy if it continues to work for me.
see the “ABOUT” section of the blog for more detailed descriptions of the use of all the above indicators and different trading portfolios.
follow the comments section of my blog for regular indicator and trade updates, usually prepared on a regular basis usually prior to opening bell.
a hesitant market in the 1532 spx area wouid be an opportune area for shorting and closing out longs. that’s what i’ll be looking for on monday.
for the new 2faced system: on monday’s open i will be SHORTING the following 10 stocks:$CEC, $RNF, $DMD, $NPSP, $ASPS, $ANV
$CF, $BMA, $DGI, $OXM and buying the following 10 stocks: $BRY, $FFCH, $EMND, $TECUA, $INAP, $CAMP, $ARII, $PBF, $OME, $HNZ.
best performer in last week’s 2faced shorts was $DGIT down 19.82%.
using tna 77.97 as a stop and reverse on current 10% allocation of longs for a 30% allocation in tna shorts.
best long today in the weekly 2faced system is $ENMD, +25%.
MONDAY, AFTER MARKET UPDATE, 2013/02/25
A. SHORT TERM INDICATORS/SYSTEMS:
eliott PSTT: remains on a SELL signal. a thursday’S, 2013/02/21, close below 1511 spx triggered a SELLl signal AND IS STILL ON A SELL, the PSTT is the most heavily weighted indicator for signalling a change in weekly to monthly wave counts and trend changes.
qqq indicator: -8, down 1 point, has now triggered a sell short signal on thursday.(need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
smart money indicator: -6 , up 3 points. remains on sell signal. a -8, once triggered is usually a sell and remains so until a +7 is triggered.
feb. monthly 2faced longs 1.85% loss today. holds for an entire month.
feb. monthly 2faced shorts 0.76% profit today. holds for an entire month. monthly combined longs and shorts net about a 1.74% profit to date this month vs -1.48% for spy.
weekly 2faced longs, 1.27% profit today. holds longs for a full week. $ENMD posted a 25% gain today, i would sell it and repurchase on a pullback in next few days.
weekly 2faced shorts, 0.13% loss today. holds shorts for a full week.
i use the weekly 2faced stocks as day trading candidates.
$SPY -2.04% today.
B. LONG TERM INDICATORS:
crash indicator at +4 versus last friday’s +2.next update will be on 2013/02/29. a rare -10 signals a 2008 type of crash.all other long term indicators remain on a buy.
C. TRADES/ALLOCATION:
41% invested, 41% short, 0% long.
see blog for today’s trade details. waiting on minor pullback to possibly re-institute more long positions.
D. STOCK WATCH:
SHORT break out watch:$GUID, $RPRX, $RDEN $ELLI broke down on thursday.
LONG break out watch: $OESX broke out last monday,, $CZR broke out thursday, $RSOL, $NFLX, $ANGI.
E. MISCELLANEOUS COMMENTS:
a SELL short signal has finally been triggered by the elliott “PSTT” indicator as well as the qqq indicator last week thursday. locked in some decent short term profits. i will probably add some non-tna shorts this week.
see blog for today’s trades. i will soon be trading the weekly 2faced system in my account, a conservative profit goal will be 1% to 2% per week after commissions, that would be about a 67% return compounded over 52 weeks at a minimum, not bad for a market neutral strategy if it continues to work for me.
see the “ABOUT” section of the blog for more detailed descriptions of the use of all the above indicators and different trading portfolios.
follow the comments section of my blog for regular indicator and trade updates, usually prepared on a regular basis usually prior to opening bell.
trade updates:
a. closed out medium term longs today for a 7.92% loss or a $2527 loss. . medium term shorts gained $2,527 or 2.88% today. i am adding $FAS, SVXY, and $DRN to the medium term short folio at the open, a 1% allocation of each.
b. closed out tna longs from 78.97 from fri.,2013/02/22, at 77.97 for a 1.26% loss or $1,266 loss.
now 30% short tna from average price of 77.97.
following stocks are short candidates for this week:$RBCN, $FIO, $BCOV, $TIBX, $NUAN, $VMW, $WIFI, $MDRX, $ELX, $VOCS, $FARO, $RVBD, $EBIX, $VLTR, $MRCY, $LOGM $RATE, $PLCM.
using 76.22 as a stop on the 30% allocation of tha shorts from 77.97 shorted on monday.
TUESDAY, AFTER MARKET UPDATE, 2013/02/26
A. SHORT TERM INDICATORS/SYSTEMS:
1. eliott PSTT: remains on a SELL signal. a thursday’S, 2013/02/21, close below 1511 spx triggered a SELL signal and is still on a sell, the PSTT is the most heavily weighted indicator for signalling a change in weekly to monthly wave counts and trend changes.
2. qqq indicator: -10 (on a scale of -10 to +10) down 2 points, has now triggered a sell short signal on thursday.(need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
3. smart money indicator: -6 , up 3 points. remains on sell signal. a -8, once triggered is usually a sell and remains so until a +7 is triggered.
4. feb. monthly 2faced longs 1.71% profit today. system holds for an entire month.
5. feb. monthly 2faced shorts 3.05% profit today. system holds for an entire month. monthly combined longs and shorts net about a 6.30% profit to date this month vs -0.81% to same date for spy.
6. weekly 2faced longs, 0.01% profit today. system holds longs for a full week. $ENMD with a 25% profit on monday was closed and replaced with $IBM today,possible repurchase on a pullback in next few days.
7. weekly 2faced shorts, 1.66% loss today. system holds shorts for a full week.
i use the weekly 2faced stocks as day trading candidates.
$SPY +0.74% today.
B. LONG TERM INDICATORS:
crash indicator at +4 versus last friday’s +2.next update will be on 2013/02/29. a rare -10 signals a 2008 type of crash.
all other long term indicators remain on a buy.
medium term “PSTT” remains on a buy.
C. TRADES/ALLOCATION:
unchanged. 41% invested, 41% short, 0% long.
see blog for today’s trade details. waiting on minor pullback to possibly re-institute more long positions.
D. STOCK WATCH:
SHORT break out watch:$GUID, $RPRX, $RDEN $ELLI broke down on thursday.
LONG break out watch: $OESX broke out last monday,, $CZR broke out thursday, $RSOL, $NFLX, $ANGI.
E. MISCELLANEOUS COMMENTS:
a SELL short signal has finally been triggered by the elliott “PSTT” indicator as well as the qqq indicator last week thursday. locked in some decent short term profits. i will probably add some non-tna shorts this week.
see blog for today’s trades. i will soon be trading the weekly 2faced system in my account, a conservative profit goal will be 1% to 2% per week after commissions, that would be about a 67% return compounded over 52 weeks at a minimum, not bad for a market neutral strategy if it continues to work for me.
see the “ABOUT” section of the blog for more detailed descriptions of the use of all the above indicators and different trading portfolios.
follow the comments section of my blog for regular indicator and trade updates, usually prepared on a regular basis usually prior to opening bell.
currently watching 1460-1470 spx as a target for shorts and an area to start adding longs (minor wave 4 of intermediate wave 3 in the form of an abc zig zag).
80.00 to 81.00 would be a good area to add tna shorts. i wil probably be stopped out on current tna shorts from 77.97 at the 76.22 range and go long for a 10% allocation in the same 76.22 range.
stopped out of tna shorts, a 30% allocation, from 79.97 at 76.22 for a 2.244% profit or $6,733.
went long tna, a 30% allocation, @ average price 76.23 as discussed last night via twitter and blog. waiting for 81.00-82.00 tna to re-evaluate. today’s rally was a bit strong for a corrective b wave (part of an abc zig zag), we may be in an impulse wave – continuation of intermediate wave 3.
WEDNESDAY, AFTER MARKET UPDATE, 2013/02/27
A. SHORT TERM INDICATORS/SYSTEMS:
1. eliott PSTT: remains on a SELL signal. a thursday’S, 2013/02/21, close below 1511 spx triggered a SELL signal and is still on a sell, the PSTT is the most heavily weighted indicator for signalling a change in weekly to monthly wave counts and trend changes.
2. qqq indicator: -5 (on a scale of -10 to +10) up 5 points, triggered a sell short signal on last thursday.(need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
3. smart money indicator: -5 , up 1 point. remains on sell signal. a -8, once triggered is usually a sell and remains so until a +7 is triggered.
4. feb. monthly 2faced longs 2.41% profit today. system holds for an entire month.
5. feb. monthly 2faced shorts 0.47% profit today. system holds for an entire month. monthly combined longs and shorts net about a 9.12% profit to date this month vs +0.45% to same date for spy.
6. weekly 2faced longs, 0.70% profit today. system holds longs for a full week.
7. weekly 2faced shorts, 0.87% loss today. system holds shorts for a full week.
i use the weekly 2faced stocks as day trading candidates.
$SPY +1.26% today.
B. LONG TERM INDICATORS:
crash indicator at +4 versus last friday’s +2.next update will be on 2013/02/29. a rare -10 signals a 2008 type of crash.
all other long term indicators remain on a buy.
medium term “PSTT” remains on a buy.
C. TRADES/ALLOCATION:
changed. 41% invested, 11% short, 30% long.
see blog for today’s trade details. waiting on minor pullback to possibly re-institute more long positions.
D. STOCK WATCH:
SHORT break out watch:$GUID, $RPRX, $RDEN $ELLI broke down on thursday.
LONG break out watch: $OESX broke out last monday,, $CZR broke out thursday, $RSOL, $NFLX, $ANGI. $ANGI broke out today.
E. MISCELLANEOUS COMMENTS:
a SELL short signal has finally been triggered by the elliott “PSTT” indicator as well as the qqq indicator last week thursday.
see blog for today’s trades. i will soon be trading the weekly 2faced system in my account, a conservative profit goal will be 1% to 2% per week after commissions, that would be about a 67% return compounded over 52 weeks at a minimum, not bad for a market neutral strategy if it continues to work for me.
see the “ABOUT” section of the blog for more detailed descriptions of the use of all the above indicators and different trading portfolios.
follow the comments section of my blog for regular indicator and trade updates, usually prepared on a regular basis usually prior to opening bell.
$TNA still 30% long from76.23, using a 77.40 stop for now.
Thursday, AFTER MARKET UPDATE, 2013/02/28
A. SHORT TERM INDICATORS/SYSTEMS:
1. eliott PSTT: remains on a SELL signal. a thursday’S, 2013/02/21, close below 1511 spx triggered a SELL signal and is still on a sell, the PSTT is the most heavily weighted indicator for signalling a change in weekly to monthly wave counts and trend changes.
2. qqq indicator: -6 (on a scale of -10 to +10) down 1 point, triggered a sell short signal on last thursday.(need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
3. smart money indicator: -4 , up 1 point. remains on sell signal. a -8, once triggered is usually a sell and remains so until a +7 is triggered.
4. feb. monthly 2faced longs 1.07% loss today. system holds for an entire month.
5. feb. monthly 2faced shorts 1.07% profit today. system holds for an entire month. monthly combined longs and shorts net about a 9.03% combined profit to date this month vs +0.25% to same date for spy.
6. weekly 2faced longs, 1.12% profit today. system holds longs for a full week.
7. weekly 2faced shorts, 1.25% profit today. system holds shorts for a full week.
8. medium term short stock/etf folio: 2.13% profit today.
i use the weekly 2faced stocks as day trading candidates.
$SPY – 0.20% today.
B. LONG TERM INDICATORS:
crash indicator at +4 versus last friday’s +2.next update will be on 2013/02/29. a rare -10 signals a 2008 type of crash.
all other long term indicators remain on a buy.
medium term “PSTT” remains on a buy.
C. TRADES/ALLOCATION:
unchanged. 41% invested, 11% short, 30% long.
see blog for today’s trade details. waiting on minor pullback to possibly re-institute more long positions.
D. STOCK WATCH:
SHORT break out watch:$RAX, $DGIT, $LOGM$GUID, $RPRX broke down wed.
LONG break out watch: $CACH, $VCLK, $PCYC
$OESX broke out last monday,, $CZR broke out last thursday, $NFLX and $ANGI both broke out of tight flag on thursday and wed. ,respectively.
E. MISCELLANEOUS COMMENTS:
a SELL short signal has finally been triggered by the elliott “PSTT” indicator as well as the qqq indicator last week thursday.
see blog for today’s trades. i will soon be trading the weekly 2faced system in my account, a conservative profit goal will be 1% to 2% per week after commissions, that would be about a 67% return compounded over 52 weeks at a minimum, not bad for a market neutral strategy if it continues to work for me.
good probability that the c wave portion of an abc correction is about to commence EXPECTING 1470-1460 spx. tight stop on 30$ allocation of longs should leave a profit, will likely return to short side on stop.
see the “ABOUT” section of the blog for more detailed descriptions of the use of all the above indicators and different trading portfolios.
follow the comments section of my blog for regular indicator and trade updates, usually prepared on a regular basis usually prior to opening bell.
$TNA stopped out of from76.23 longs at 76.75 for a 0.68% or a $2,046 profit. went long at 78.06, a 30% allocation. market is regaining momentum after a weak morning.
$TNA longs from 78.06 this morn closed out at 78.81 for a 0.96% profit or about $2882.
Friday, AFTER MARKET UPDATE, 2013/03/01
A. SHORT TERM INDICATORS/SYSTEMS:
1. eliott PSTT: remains on a SELL signal. a thursday’S, 2013/02/21, close below 1511 spx triggered a SELL signal and is still on a sell BUT ON THE VERGE OF GOING LONG; IF THE SPX CLOSES ABOVE 1520 ON MONDAY WE WILL HAVE A BUY SIGNAL – I’LL BE WATCHING 5 MINUTES PRIOR TO THE CLOSE TO ENTER TNA LONGS. the PSTT is the most heavily weighted indicator for signalling a change in weekly to monthly wave counts and trend changes.
2. qqq indicator: -6 (on a scale of -10 to +10) UNCHANGED, triggered a sell short signal on last thursday.(need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
3. smart money indicator: -2 , up 2 points. remains on sell signal. a -8, once triggered is usually a sell and remains so until a +7 is triggered.
4. feb. monthly 2faced longs: +.50% profit today. system holds for an entire month. folio was closed today with +0.44 profit for the month.
5. feb. monthly 2faced shorts: 0.69% profit today. system holds for an entire month and were closed today with a 9.72% profit for the month.
monthly 2faced longs and shorts netted a 10.14% combined profit for the month to date vs +0.58% for $SPY.
6. weekly 2faced longs, 0.29% loss today. system holds longs for a full week.;, 0.29% loss today. system holds longs for a full week.
7. weekly 2faced shorts:, 0.57% profit today.
weekly 2 faced combined net profits for the week were 3.37% since a winning stock with a 25% one day profit ($ENMD, see monday’s mkt.update) was closed with proceeds use for $IBM purchase; the spreadsheet does not take this into account.
8. medium term short stock/etf folio: closed out today with a 3.2% profit or $3,751 profit today; see new post for spreadsheet.
i use the weekly 2faced stocks as day trading candidates.
$SPY + 0.33% today.
B. LONG TERM INDICATORS:
crash indicator at +6 (updated 4-01) , up 2, versus last friday’s +4.next update will be on 2013/03/08. a rare -10 signals a 2008 type of crash. no signs of an upcoming crash.
all other long term indicators remain on a buy.
medium term “PSTT” remains on a buy.
C. TRADES/ALLOCATION:
changed. 0 invested, 0% short, 0% long.
see blog for today’s trade details. waiting on minor pullback to possibly re-institute more long positions.
D. STOCK WATCH:
SHORT break out watch:$RAX, $DGIT, $LOGM$ GUID, $RPRX broke down wed.
LONG break out watch: $CACH, $VCLK, $PCYC
$OESX broke out last monday,, $CZR broke out last thursday, $NFLX and $ANGI both broke out of tight flag on thursday and wed. ,respectively.
E. MISCELLANEOUS COMMENTS:
a SELL short signal has finally been triggered by the elliott “PSTT” indicator as well as the qqq indicator last week thursday.
see blog for today’s trades. i will soon be trading the weekly 2faced system in my account, a conservative profit goal will be 1% to 2% per week after commissions, that would be about a 67% return compounded over 52 weeks at a minimum, not bad for a market neutral strategy if it continues to work for me.
see the “ABOUT” section of the blog for more detailed descriptions of the use of all the above indicators and different trading portfolios.
follow the comments section of my blog for regular indicator and trade updates, usually prepared on a regular basis usually prior to opening bell.
long gold stocks again. i figure they will trade sideways until end of the month. Then a multi-month rally.
i prefer to stay clear of either gold stocks, longs or short, for now.
AAPL http://tinyurl.com/AAPL-Update001