adam smith, america needs your invisible hand.
the risk of a continuing slide to spx 1470-1460 is fading quickly. my indicators , esp. the elliott “PSTT”, are perking up resolutely.
today in a flurry of over trading i managed to turn a $2046 tna profit into a $1,686 tna loss for the day. i am currently out of all shorts and 100% in cash, waiting for a buy signal to be triggered. intermediate wave 3 is still on track even if we get the resurrected correction. the risk of seeing 1470 spx is minimal and chasing short trades is banal in the face of the low hanging fruits that are to arrive courtesy of bernanke and friends. the much maligned sequester/budget issue robs us of 2% in government spending, about 20% of it in the blessing of fewer bombs. the less government , the better; even in this dismal environment, i heartily believe. succinctly , i do not believe in big government and neither should you dear reader – no matter what your political persuasion. enough tirades, making money like a good american is the matter at hand.
remember, don’t over trade unless your system/methods demand it.
Friday, AFTER MARKET UPDATE, 2013/03/01
A. SHORT TERM INDICATORS/SYSTEMS:
1. elliott 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 signaling 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.
below are the spread recent spread sheets. the new 2faced trading systems are doing quite nicely. the monthly system was closed out with a combined profit of 10.14% or an avg. of 5.0% vs. $SPY with a 0.58% gain over the same period (2-04-13 to 4-01-13), and this was a short month mind you. the first sheet below contains shorts not longs, so anything in red is actually a profit.
monthly 2faced longs for feb., just closed:
monthly 2faced longs and shorts netted a 10.14% combined profit for the month to date vs +0.58% for $SPY.
weekly 2faced shorts, the red nos. are profits:
weekly 2faced longs:
weekly 2 faced combined net profits for the week were 3.37% (versus +0.14% for $SPY)since a winning stock with a 25% one day profit ($ENMD, see monday’s mkt.update) was closed with proceeds used for the $IBM purchase; the spreadsheet does not take this into account.
medium term shorts, just closed today with a 3.2% profit (red nos. are profits):
medium term longs, 3 stocks, were closed with some losses; $2,976 loss out of 1 mm = a 0.2.7% loss from total portfolio not a 9.87% loss:
last week’s weekly 2faced long and shorts were profitable as well:
the numbers in red are profits since they are shorts:
a summary of all profits and losses is being prepared for the next post.
working on my inclination to over trade and…
i will post the new 2faced longs and shorts , both weekly and monthly systems, prior to monday’s open.
Thanks
One thing; If you don’t believe in Big government why vote at all??????
Happy days from the UK.
you and your self appointed queen and company wouldn’t understand about voting. lol
the new MARCH monthly 2faced longs for mon., 3/04, are:$ADES, $CLDX, $CLVS, $DAL, $LAWS, $LNKD, $NXST, $SBGI, $SHI, $VCBI.
the new march monthly shorts for mon, 3/04,are: $$ALLT, $AMRS, $ANV, $AT, $EHTH, $EZCH, $IAG, $PAY, $PKT, $PVG.
the new weekly 2faced longs for mon., 3/04/13 ,are:$CLDX, $CLMT, $COG, $FLWS, $GPRE, $LPHI, $MEI, $OWW, $SNMX.
the new weekly 2faced shorts for mon., 3/04/13, are: $ANV, $ELNK, $GFI, $MDVN, $PVG, $SABA, $SDR, $SDT, $SSRI, $YOKU.
quarterly and annual reports for these firms are piling up in my office so much that i can’t open the door sometimes.
Monday, AFTER MARKET UPDATE, 2013/03/04
A. SHORT TERM INDICATORS/SYSTEMS:
1. elliott PSTT: is now on a BUY signal as it closed aboe 1520spx. the last sell short signal was on thursday’s, 2013/02/21, close below 1511. s. the PSTT is the most heavily weighted indicator for signaling a change in weekly to monthly wave counts and trend changes.
2. qqq indicator: +8 (on a scale of -10 to +10) up 14 points(need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
3. smart money indicator: +2 , up 4 points. remains on sell signal. a -8, once triggered is usually a sell and remains so until a +7 is triggered.
4. March monthly 2faced longs: + 3.34% profit today. system holds for an entire month. system holds for an entire month.
5. March monthly 2faced shorts: 1.90% profit today.
6. weekly 2faced longs, 2.43% profit today. system holds longs for a full week.
7. weekly 2faced shorts:, 1.90% profit today.
i use the weekly 2faced stocks as day trading candidates.
benchmark:$SPY + 0.53% 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. 50% invested, 10% short, 40% long.
see blog for today’s trade details. increasing longs on this pullback.
D. STOCK WATCH:
SHORT break out watch:
LONG break out watch: $CACH, $VCLK, $PCYC
E. MISCELLANEOUS COMMENTS:
a BUY signal was triggered today at the close by the elliott “PSTT” indicator as well as the qqq indicator, although a further pullback is still a 40% probability. conservative profit goal for the weekly 2faced folio of longs and shorts 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.
best gains today in the 2faced folios came from $CLVS +12%, $SBGI +7.2% and $MEIP +14.2%. best short in the monthly 2faced folio was $AT down 16.99%
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.
20% long tna from 79.26 for short term trade. 10% long tna for intermediate trade from 79.85. 10% long wkly 2faced longs at open, 10% short in wkly 2faced shorts at open. plan to add more longs on pullbacks.
longs increased by 20% by adding a large cap folio of 50 stocks and a smal cap folio of 50 stocks. now 60% long , 10% short.
buying a 1% allocation of $AAPL at market, 432.87, average price.
now 61% long , 10% short.
Tuesday, AFTER MARKET UPDATE, 2013/03/05
A. SHORT TERM INDICATORS/SYSTEMS:
1. elliott PSTT: is now on a BUY signal as it closed above 1520spx on monday,2013/03/04, the last sell short signal was on thursday’s, 2013/02/21, close below 1511. s. the PSTT is the most heavily weighted indicator for signaling a change in weekly to monthly wave counts and trend changes.
2. qqq indicator: +8 (on a scale of -10 to +10) unchanged (need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
3. smart money indicator: +3 , up 1 point. remains on sell signal. a -8, once triggered is usually a sell and remains so until a +7 is triggered.
4. March monthly 2faced longs: + 1.47% profit today. system holds for an entire month.
5. March monthly 2faced shorts: 0.33% profit today.
6. weekly 2faced longs, 0.74% loss today. system holds longs for a full week.
7. weekly 2faced shorts:1.66% profit today.
i use the weekly 2faced stocks as day trading candidates.
8. large cap folio +0.80% today.
9. small cap folio: +0.81% today.
benchmark:$SPY + 0.90% 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. 71% invested, 10% short, 61% long.
see blog for today’s trade details. increasing longs on this pullback.
D. STOCK WATCH:
SHORT break out watch:
LONG break out watch: $CACH, $VCLK (broke out monday), $PCYC (broke out monday).
E. MISCELLANEOUS COMMENTS:
a BUY signal was triggered monday at the close by the elliott “PSTT” indicator as well as the qqq indicator but a further pullback is still a 30% probability. conservative profit goal for the weekly 2faced folio of longs and shorts 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.
Wednesday, AFTER MARKET UPDATE, 2013/03/06
A. SHORT TERM INDICATORS/SYSTEMS:
1. elliott PSTT: is now on a BUY signal as it closed above 1520 spx on monday, 2013/03/04, the last sell short signal was on thursday’s, 2013/02/21, close below 1511. s. the PSTT is the most heavily weighted indicator for signaling a change in weekly to monthly wave counts and trend changes.
2. qqq indicator: +7 (on a scale of -10 to +10) down 1 (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: +3 , unchanged. remains on sell signal. a -8, once triggered is usually a sell and remains so until a +7 is triggered.
4. March monthly 2faced longs: + 0.60% profit today. system holds for an entire month.
5. March monthly 2faced shorts: 4.04% loss today.
6. weekly 2faced longs, 0.28% loss today. system holds longs for a full week.
7. weekly 2faced shorts: 1.35% profit today.
i use the weekly 2faced stocks as day trading candidates.
8. large cap folio +0.53% today.
9. small cap folio: +0.83% today.
benchmarks: $SPY + 0.14%, $IWM +0.26% 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: 51% invested, 10% short, 41% long.
see blog for today’s trade details. increasing longs on this pullback.
D. STOCK WATCH:
SHORT break out watch:
LONG break out watch: $CACH, $VCLK (broke out monday), $PCYC (broke out monday).
E. MISCELLANEOUS COMMENTS:
a BUY signal was triggered monday at the close by the elliott “PSTT” indicator as well as the qqq indicator but a further pullback is still a 30% probability. conservative profit goal for the weekly 2faced folio of longs and shorts 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 short term long closed at 83.02 (from 79.26) for a 4.74% profit or $9,487. maintaining medium term long from 79.85.
Thursday, AFTER MARKET UPDATE, 2013/03/07
A. SHORT TERM INDICATORS/SYSTEMS:
1. elliott PSTT: is now on a BUY signal as it closed above 1520 spx on monday, 2013/03/04, the last sell short signal was on thursday’s, 2013/02/21, close below 1511. s. the PSTT is the most heavily weighted indicator for signaling a change in weekly to monthly wave counts and trend changes.
2. qqq indicator: +7 (on a scale of -10 to +10) unchanged (need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
3. smart money indicator: +4 , up 1. remains on sell signal. a -8, once triggered is usually a sell and remains so until a +7 is triggered.
4. March monthly 2faced longs: + 0.85% profit today. system holds for an entire month. best performer:$LAWS +4.45%, best perf. to date: $CLVS +17%
5. March monthly 2faced shorts: 0.90% loss today.
6. weekly 2faced longs, + 0.58% profit today. system holds longs for a full week. best to date perf: $OWW +10%
7. weekly 2faced shorts: 1.46% loss today.
i use the weekly 2faced stocks as day trading candidates.
8. large cap folio of 29 stocks: +0.51% today. best perf: $AMD +4.94%
9. small cap folioof 49 stocks: +0.97% today. best perf: $OXF +8.97%
benchmarks: $SPY + 0.19%, $IWM +0.50% , $TNA +1.44$, $AAPL +0.97% 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: 82% invested, 10% short, 72% long.
see blog for today’s trade details. increasing longs on this pullback.
D. STOCK WATCH:
SHORT break out watch:
LONG break out watch: $CACH, $VCLK (broke out monday), $PCYC (broke out monday).
E. MISCELLANEOUS COMMENTS:
a BUY signal was triggered monday, 2013/03/04, at the close by the elliott “PSTT” indicator as well as the qqq indicator. conservative profit goal for the weekly 2faced folio of longs and shorts 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.
today’s trades: $TNA long from 83.99. a 30% allocation. a short term long.
$AAPL long from 427.73, a short term long, 1% allocation.
alotting a new 10% allocation of longs at the open on friday,2013/03/08. i will be buying an equal proportion of the following 24 stocks at the open:$AECF,
$ACY , $ARL, $CSPI, $CWBC, $EVI, $FNHC, $GTIM,$HMNF, $IFMI, $INOC,$IPT, $JCTCF, $KEQU,$KINS, $MACE, $MDH, $MHHH, $OSBC, $PFIN, $TCI, $TDBK, $AERT and VSR. $IWM is the benchmark you will see in the spreadsheet with 1 share.
i will then be 92% invested, 82%long, 10% short.
$IPT, $TDBK,and $ARL were not purchased: little or no volume. $AAPL closed short term aaple long from 427.13 at mkt. : 431.85. for a 0.11% or $110.
best performer in weekly 2faced folio this week so far is $SNMX, +14%.
no fill on $EVI, $TCI, $INOC, or $MACE in nano folio either. 17 stocks included in folio.
Friday, AFTER MARKET UPDATE, 2013/03/08
A. SHORT TERM INDICATORS/SYSTEMS:
1. elliott PSTT: is now on a BUY signal as it closed above 1520 spx on monday, 2013/03/04, the last sell short signal was on thursday’s, 2013/02/21, close below 1511. s. the PSTT is the most heavily weighted indicator for signaling a change in weekly to monthly wave counts and trend changes.
2. qqq indicator: +7 (on a scale of -10 to +10) unchanged (need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
……….a -6 remains a short until 0 is triggered).
3. smart money indicator: +5 , up 1. remains on sell signal. a -8, once triggered is usually a sell and remains so until a +7 is triggered.
4. March monthly 2faced longs: + 9.17% profit this week. system holds for an entire month. best performer:$LAWS +4.45%, best perf. to date: $CLVS +19.44%
5. March monthly 2faced shorts: 2.61% loss this week.
6. weekly 2faced longs, + 5.74% profit this week. system holds longs for a full week. best to date perf: $CLDX +20.08% profit.
7. weekly 2faced shorts: 0.19% loss this week, best short was $YOKU, 10.92% profit.
i use the weekly 2faced stocks as day trading candidates.
8. large cap folio of 49 stocks: +1.09% today.
9. small cap folio of 49 stocks: +1.77% today.
benchmarks: $SPY + 0.43%, $IWM +0.93% , $TNA +2.74%, $AAPL 0.26% today.
B. LONG TERM INDICATORS:
crash indicator at +10 (updated 4-01) , up 4, versus last friday’s +6.next update will be on 2013/11/08. a rare -10 signals a 2008 type of crash. no signs of an upcoming crash. an extremely bullish +10 is very positive for the next few weeks of the stock market.
all other long term indicators remain on a buy.
medium term “PSTT” remains on a buy.
C. TRADES/ALLOCATION:
changed: 86% invested, 10% short, 76% long. new longs will be added next week.
see blog for today’s trade details. increasing longs on this pullback.
D. STOCK WATCH:
SHORT break out watch:
LONG break out watch: $CACH, $VCLK (broke out monday), $PCYC (broke out monday).
E. MISCELLANEOUS COMMENTS:
a BUY signal was triggered monday, 2013/03/04, at the close by the elliott “PSTT” indicator as well as the qqq indicator. conservative profit goal for the weekly 2faced folio of longs and shorts 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.
weekly 2faced folio was closed with a net 5.55% profit or $5555 profit on the 20 stocks.
monthly 2faced system for march remains open with a net 6.56% net profit for the first week.
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 closed out @86.23, a half position from 83.99 (15% of 30% allocation). 6 hours ago per twitter.
for a 2.59% or a $3,896 profit. currently holding a 10% medium term long allocation of tna and a 15% short term long allocation of tna. plan to add more on a pullback.
new small cap folio of growth stocks opened prior to close , a 105 allocation whic brings longs up to 76%, shorta are still 10% , total invested is 86%.
still 10% long tna for intermediate trade from 79.85. from 2013/03/05.
You do a great job …all your hard word and research shows…KUDOS! I very much appreciate your insight and generosity in sharing.
it’s always great to hear from someone who appreciates what i do, stay tuned for more improvements to the blog. i just wish i had more time to spend on this fulfilling project.