LIGHT UP OR LEAVE ME ALONE: roadmap for mon. 11/07/11 (closed portfolios/trades)

above is the same chart i posted on friday it still applies, fri. prices not updated.


above is the long term high risk portfolio with a 13.17% closed profits for one month. trades usually last several months but i thought it best to book some profits. i’ll try to buy them all back at lower prices.


above is the spread sheet for the short term high risk portfolio with 6% closed profits for two weeks, unfortunately profits were as much as 14% higher last week for both portfolios but again i felt it important to close this portfolio out as well, i probably won’t re-open this portfolio soon. i’m still holding a nov. spy call that is underwater but makes up less than 1% of total portfolio at time of purchase, i may have time for it to turn profitable.

long term low risk portfolio is still open.

drn swing trade acct. is still long.

roadmap account, my flagship account is still 90% long, this account generally reflects my overall allocation and is mostly shares of spy.
as you can see by the spx charts i post on a regular basis (today’s isn’t updated to reflect friday prices) i have bought the vast majority of shares below 1190, which is my current stop but it may be re-adjusted downward slightly to reflect mkt. volatility and elliott wave count uncertainty. again, watch the comments section as i will try to update on an intraday basis as time permits.

to re-iterate, this blog is my online trading journal done to prove that elliott wave does work if done properly. long term wave count still reflects new 52 week highs by eoy and much higher highs within months, see last week’s post under the tag cycle wave count.

there you have it, all the good with the bad, no bullshit. now let’s light up:

HANDLE WITH CARE: weekly summary and roadmap for monday,10/17/11

the s.t. high risk acct. dropped 3% in closed short trades on friday but we more than made up for it in the long term high risk acct.,the roadmap acct., the tna acct., drn acct., and the soon to be presented commodity/bond long term portfolios all made money this past week.

i’ll return with a more complete and updated monday journal.

WEEKLY SUMMARY AND MON. 10-10-11 ROADMAP

WE ARE IN INTERMEDIATE WAVE THREE AND 52 WEEK NEW HIGHS ARE STILL EXPECTED BY THE END OF DEC. 2011. same wave count as last week’s applies. a small pullback may occur today but wave 3′s have a tendency of leaving everyone waiting for the “big” pullback that never occurs.

ROADMAP ACCOUNT (ELLIOTT DISCRETIONARY):
on monday 10-03-11 i was stopped out of my 75% longs at the hrly stop below 1123, which was 1122.93 for approximately a 2% total loss.
the portfolio was rebuilt by adding 10% at 1100 on mon., 10% at 1084 on mon and finally another 10% was added on mon., 10-03, at 1123.
on wed, 10-05-11 ,20% was added for a total of a 50% lon allocation.

for monday i’ll be adding a 10-20% allocation in the morning bringing the total long allocation to 70%.

HIGH RISK PORTFOLIO:
on wed.,10-05, 10 stocks were bought at the open and sold the next morning for a 9.40% profit, refer to friday roadmap.
for monday:
i’ll be shorting the following only if spx falls below 1150 within the first 2 hours of trading:
fst, kwk, rvbd, pten, crk, tex, exh, usg, knd, pcx.

TNA SYSTEM:
on tuesday, 10-04, i closed a half postion tna  short from 35.48 at 27.01 and the other half at 30.08 for respective profits of 23.8% and 19.99%.

on wed. i placed a long from 33.23 and closed it at 33.77 for a 16.25% profit.
currently flat.

DRN SYSTEM:
on monday, 10-13, drn was shorted at 36.36, a half position was closed out at 32.39 on tuesday for a 12.25% profit . a remaining half postion is still short.
for monday:
buy stop and reverse is 40.84.

LONG TERM CONSERVATIVE PORTFOLIO.

on 9-29 10, a half postion of the following etfs were purchased (see friday 9- roadmap).   all except for xrt, xlk, and xlu were stopped out for a total loss of 5.8% on closed trade half postions.
for monday:
adding a  full postion of the following etfs and stocks: xle, xhb, qqq, iyr, iym, spy,  iwm, ezu, ilf, xlf, bac (6.34 buy stop), aa (9.72 buy stop), hpq, jpm, csco, dis, mmm and fdx.  increasing xrt, xlk, and xlu to a full position.