The “MY Mistakes Were Made for You” roadmap for monday 2014/04/07, featuring standard_and_poor

much more content will be added with all losses and profits for past week. as time permits i will go over a few do’s and don’ts when your account takes an unexpected turn for the worse as mine did this past week.

MARKET UPDATE FOR FRIDAY, 2014/04/04, AND PLAN FOR MONDAY:

the odds still favor at least a spx 1975-85 by the end of may of this year but one can not be tied to a forecast and be unwilling and heavy of foot to respond to a change.
there is no reason to panic as long as one has a plan in place. the plan is based on my indicators which i rarely stray from. all long term indicators remain on a strong buy.
the intermediate term proprietary smart money indicator remains on a sell. the short term proprietary elliott “PSTT” remains on a buy but may issue a sell soon. the prop. qqq indicator remains on a buy at +5 but is also on the precipice of a sell. the new big cap indicator is still on a buy at +7.

the heaven/hell prop. indicator was slightly profitable last week on a friday to friday close on both the nyse and spx, it accurately predicted a higher close on a week to week basis. the indicator remains at a +6. as you know, the main purpose and strength of this indicator is that of a long term warning system, at -10 it issues a long term sell short signal and i make sure i have sold all longs and go heavily short. it is unusually reliable as a long term indicator of market health. on a short term basis this indicator is about 80% reliable. tor the coming week this indicator forecasts that the nyse and spx will close higher than this past friday’s close.

THE CURRENT SHORT TERM HOLDINGS AS OF FRIDAY, 2014/04/04:
all trades are triggered by my nightly mkt. update plan unless noted other wise noted (twitter real time tweet usually).
(*) denotes a change in holdings at today’s close.
*1.UVXY(usually trades inverse to spx with leverage) : 6.25% short – on 2014/04/04 a 25% allocation was shorted 55.80 of which 6.25% remains.
2. NUGT: flat.
3. TNA: 2.5% long. on 2014/03/31 a 2.5% allocation of tna was bought at 76.90 per tweet.
4: SPXL: 2.5% log. on 2014/04/01 a 2.5% alloc. of spxl was bought at 66.80.
5. FAS: 2.5% long. on 2014/04/01 a 2.5% long alloc. of fas was bought at 95.47.
*6. AAPL: flat.
7. TSLA: flat.
8. GOGO: flat..
9. FB: flat.
10. TWTR: flat.
11. NFLX: flat.
12. JNUG: flat.
13. FNMA: flat.

THE PLAN for MONDAY, 2014/04/07:
(*) denotes a change in holdings at today’s close.
*1.UVXY(usually trades inverse to spx with leverage) : 6.25% short. 60.31 stop.
2. NUGT: flat. no signal.
3. TNA: 2.5% long. 73.31 stop. shorting a 2.5% allocation at 73.31.
4: SPXL: 2.5% long. no stop yet.
*5. FAS: 2.5% long. 92.10 stop. shorting a 2.5% allocation at 92.07.
6. AAPL: flat. shorting a 2.5% allocation at 530.54.
7. TSLA: flat. shorting a 2.5% allocation at 210.95.
8. GOGO: flat. no signal.
9. FB: flat. no signal
10. TWTR: flat. no signal
11. NFLX: flat. no signal
12. JNUG: flat. buying a 5% allocation at 23.28.
13. FNMA: flat. no signal.

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9 responses to “The “MY Mistakes Were Made for You” roadmap for monday 2014/04/07, featuring standard_and_poor

  1. forgot to mention that in addition to my short term trades i continue to hold my long term folios for a 40% long allocation and am still 2.5% short uvxy and 2.5% long tna in the hedgehog method.

    for this coming week i plan to tread softly unless long term indicators issue a sell, which i do not see in the horizon. very little short term trading is planned.

  2. Seems your TNA stop probably got hit this AM- Where do you see a re-entry price or it it too soon to predict. I have not posted for a while have been watching- thanks for the time you put in!!!

  3. MARKET UPDATE FOR MONDAY, 2014/04/07, AND PLAN FOR TUESDAY:

    today the “qqq indicator” dipped from a +5 to a -8, issuing a sell signal at the close.
    the new “big cap indicator” dipped to a -4 but is still on a buy signal, allbeit a languid buy but still a buy signal.
    for tuesday a spx close below 1839.0 will trigger an elliott” short term “PSTT” sell.
    we are most likely in a juncture where small caps and nasdaq indices begin to rally off oversold levels. i foresee new highs for the big caps but am much less hopeful for the small caps and some of the ndx stocks whose rally will likely be more of a corrective “b” nature which shouldn’t see much more in gains for the balance of the year past the early march 2014 highs; the rest of the year may indeed be bleak for these stocks. therefore i will be wary of initiating long term investment/trades in such stocks.
    notice how the ndx, rut and the compq corrected in 5 waves down from the first week of march on the hourly charts, i find it a bit foreboding. the spx appears to be correcting in an expanding diagonal, an abcde pattern with the “e” wave usually being the longest wave. wave e is very likely in its ending phase and most likely will not dip below 1834 on an hourly close per fibonnacci counts. monday’s spx close was 1844.93. it will be intersting to see how the week transpires. i will likely close another small cap folio in the coming weeks.
    the elliott “PSTT” system signals might get chopped up and contradict the aforementioned conjectures but over the long term they keep one’s account from excessive bleeding.

    all long term indicators are still on BUY signals but it’s good to have an eye on the exit non the less:
    i am holdidng some long term tna trades from as far back as 2009 and will be using a soft stop of 62.00 and 61.00 and an %RUT 1093 trigger for partial tna protection until the heaven/hell issues a -10 long term sell all longs and buy shorts signal or other long term systems triggger sell signals. we might not get any where to the sell levels but it is good to always be on guard!

    i plan to update the weekend roadmap and post all of last week’s losing trades given time but watching future cross roads takes priority now.

    this week’s closed trades:
    *UVXY(usually trades inverse to spx with leverage) : flat. on 2014/04/07 a 6.25% short allocation of uvxy was closed at 60.31, for a 8.08% loss.
    *TNA: on 2014/04/07 a 2.5% long allocation of tna was closed at 73.30, on 2014/03/31 a 2.5% allocation of tna was bought at 76.90 per tweet, for a 4.68% loss.
    *FAS: on 2014/04/07 a 2.5% long alloc. of fas was closed at 91.52, on 2014/04/01 a 2.5% long alloc. of fas was bought at 95.47, for a 4.13% loss.

    THE CURRENT SHORT TERM HOLDINGS AS OF MONDAY, 2014/04/07:
    all trades are triggered by my nightly mkt. update plan unless noted other wise noted (twitter real time tweet usually).
    (*) denotes a change in holdings at today’s close.
    *1.UVXY(usually trades inverse to spx with leverage) : flat. on 2014/04/07 a 6.25% short allocation of uvxy was closed at 60.31, for a 8.08% loss.
    2. NUGT: flat.
    *3. TNA: 2.5% short. on 2014/04/07 a 2.5% long allocation of tna was closed at 73.30, on 2014/03/31 a 2.5% allocation of tna was bought at 76.90 per tweet, for a 4.68% loss.
    4: SPXL: 2.5% log. on 2014/04/01 a 2.5% alloc. of spxl was bought at 66.80.
    *5. FAS: 2.5% long. on 2014/04/07 a 2.5% long alloc. of fas was closed at 91.52, on 2014/04/01 a 2.5% long alloc. of fas was bought at 95.47, for a 4.13% loss.
    *6. AAPL: 2.5% short. on 2014/04/07 a 2.5% long alloc. of aapl was bought at 528.24.
    *7. TSLA: 2.5% short. on 2014/04/07 a 2.5% short alloc. of tsla was added at 205.79.
    8. GOGO: flat..
    9. FB: flat.
    10. TWTR: flat.
    11. NFLX: flat.
    12. JNUG: flat.
    13. FNMA: flat.
    14. PLUG: flat.

    THE PLAN for TUESDAY, 2014/04/08:
    (*) denotes a change in holdings at today’s close.
    *1.UVXY(usually trades inverse to spx with leverage) : flat. shorting ( yes shorting) a 5% alloc at 57.57.
    2. NUGT: flat. no signal.
    *3. TNA: 2.5% short.
    4: SPXL: 2.5% long. 62.82 stop.
    *5. FAS: 2.5% short. 92.11 stop.
    *6. AAPL: 2.5% short. 532.90 stop.
    *7. TSLA: 2.5% short. 221.77 stop.
    8. GOGO: flat. no signal.
    9. FB: flat. no signal
    10. TWTR: flat. no signal
    11. NFLX: flat. no signal
    12. JNUG: flat. no signal.
    13. FNMA: flat. buying a 2.5% alloc. at 4.01.
    14. PLUG: flat. shorting a 2.5% alloc. at 6.55.

    peace and love!

  4. mini MARKET UPDATE FOR TUESDAY AND PLAN FOR WEDNESDAY:

    things worked out as expected, correction is highly likely complete, we”ll need further price confirmation.

    plan for wednesday:
    shorting a 10% alloc. of uvxy at 54.53.
    buying a 5% alloc. of jnug at 25.32.

  5. Seems like we have a little downside business left??

  6. MINI MKT. UPDATE FOR FRIDAY 2014/04/11:
    on 2014/04/10 an elliott “PSTT” sell was issued per tweet. at this moment i can’t decipher if the pstt sell it will turn into a more serious pullback or if we’re still in one of those choppy phases where no matter whether one is long or short his short term trades don’t work out, that is why in the last roadmap i stated i would be trading as little as possible. the few trades i’ve made this week (see twitter tweets) have been mildly profitable as a whole for the week but don’t make up for last week’s losses nor were they intended to. keeping a low trading profile until the dust settles, sometimes less is more.

    total allocation: 57.5% invested.
    40% alloc. in long term folios, 5% allocation in hedgehog folio and the folowing short term trades:
    THE PLAN for FRIDAY, 2014/04/08:
    (*) denotes a change in holdings at today’s close.
    *1.UVXY(usually trades inverse to spx with leverage) : 5% long allocation was bought at 63.02 per tweet upon the pstt spx sell signal on 2014/04/10. no stop yet.
    2. NUGT: flat. no signal.
    3. TNA: flat. no signal.
    *4: SPXL: 2.5% short . on 2014/04/10a 2.5% allocation of spxl was shorted per tweet at 62.31. no stop yet.
    5. FAS: flat. no signal.
    6. AAPL: flat. no signal.
    7. TSLA: flat. no signal.
    8. GOGO: flat. no signal.
    9. FB: flat. no signal
    10. TWTR: flat. no signal
    11. NFLX: flat. no signal
    12. JNUG: flat. no signal.
    *13. FNMA: flat. on 2014/04/11 a 2.5% long allocation was closed per tweet at 3.96, on 2014/04/08 a 2.5% long alloc. of fnma was bought at 4.01, for a 1.24% loss.
    14. PLUG: flat. no signal.

  7. from forbes.com:
    “The Securities & Exchange Commission appears to be waging a limited crack down on the trading of so-called pot stocks that has caused some of the most popularly-traded stocks in the controversial sector to crash on Thursday.

    Trading of shares of GrowLife, which trade under the symbol PHOT on the over-the-counter bulletin board, was temporarily halted on Thursday by the SEC “because of questions that have been raised about the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in PHOT’s common stock.” The temporary suspension lasts until April 25, but it’s not a given that trading will resume until broker-dealers have sufficient information about the company to make a market in its shares. The SEC declined to comment and GrowLife did not quickly respond to requests for comment.

    In late March, the SEC also temporarily suspended trading of another popular pot stock, Advanced Cannabis Solutions, citing questions “regarding whether certain undisclosed affiliates and shareholders of Advanced Cannabis common stock engaged in an unlawful public distribution of securities.” Shares of Advanced Cannabis resumed trading on Thursday for the first time in weeks on the over the counter bulletin board, dropping nearly 40% in morning trading. “

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