Follow the numbers and the rest will fall into place. Indicator negative for the first time since March 22. My motto for the day = "Bush speaks, market leaks" Happy Friday!
Indicator @ -0.724665....2nd std dev @ -.64666 Covered SPY @ 128.59 +2.05 points ...+.0157% Long SPY @ 128.59 Stop @ 126.82..tgt open New stats 3 trades 3 winners 6.86 points 0.0531% gain
way to hang in there with that short. my sentiment indicators are also at an extreme that has produced a bounce point in the past.
Indicator heading north currently. Although I dont put much merit in any moves today. Might as well be watching price action on the day before Christmas Holiday. Happy Holidays!
Just hanging around long. I could blabber about things like earnings or oil and gold. But none of that matters to me(and i`m not that smart) because the tape tells me the news everyday. If i`m long and the last print is higher than my purchase...the news is good. Good trading to you all
Just got a fresh Sell/Short signal sold long @ 129.87 for 1.28 or .01% Short @ 129.87 stop @ 131.64...tgt open New stats 4 trades 4 winners 8.14 points .0631% gain Let the numbers tell you when.
if we are @ 131.65 or > by 3:55 will close out. other than that it will be my last post for two weeks. going on vacation to a faraway warm place and will not be bothered to trade at all. time for some sun and fun minus streaming numbers. good trading
tough call. i suspect that next week after options ex and earnings are mostly reported we could see a pb but you never know. the market has one of the most persistent bids under it i have seen in years. every small dip has been a buy opportunity.
Well, I went away with no stops in place because I was under the impression I would have net access. And I did not have any for the last 5 days. I would have stopped out at 131.64 on May 1st. But since I got a fresh Sell/Short signal from Fridays close i`m gonna ride this existing short out and stop at 133.16 (1.37% gain from Fridays close). I`m a little pissed because if i`m stopped it will be a .025% loss instead of a .0137% loss but its the only thing I can do right now because I would have taken Fridays signal anyway....oh well. Let them fall where they may.