sold naz; didn't wait to get stopped out. now hold 40% position, all in sso, 2x spx. disappointing opening for the bulls. but I think I will hold this 40% unless something looks really bad.
My trading plan right now
Started by
lawdog
, Apr 27 2017 10:38 PM
216 replies to this topic
#32
lawdog
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Posted 02 May 2017 - 08:54 AM
spx hanging in, despite modest naz selloff. maybe there is life in spx yet. it would be likely for some naz money to rotate to spx. might even buy back to 50% long.
#33
lawdog
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Posted 02 May 2017 - 09:15 AM
glad i have lightened up; don't see a lot of hope here for the bulls, but still have my 40%, likely to reduce more soon.
#34
lawdog
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Posted 02 May 2017 - 09:30 AM
got a feeling, if the bears can't do anything with it here, the bulls will. looking to add back to 55% but being patient for a while longer.
#35
lawdog
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Posted 02 May 2017 - 09:33 AM
bot back to 50%, all spx. trade out then back in was worth the effort. mkt may be reluctant because of fed tomorrow, payrolls weds and fri, and acrophobia.
#36
lawdog
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Posted 02 May 2017 - 09:57 AM
i believe the paint is almost dry.
#37
lawdog
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Posted 02 May 2017 - 12:24 PM
added to my position, up to 60% now. The bears had their chance. Now they will get punished through Friday. Should be able to blow through 2400 and 21,000 this week.
#38
SemiBizz
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Posted 02 May 2017 - 01:16 PM
That SPX high has still not been tested...
And today's low was 2385
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#39
lawdog
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Posted 02 May 2017 - 01:36 PM
That SPX high has still not been tested...
And today's low was 2385
You are right; nothing is settled yet, (if it ever is). I am probably holding a slightly greater position than I should in view of my greater than usual uncertainty, but I am relying upon the assumption that people are holding back, pending the fed minutes and the payroll reports. Once those are out of the way, maybe we can resume the advance. Also, let's face it, for the past 15 months the market has been going up consistently, so the best bet is to run with the trend, which is clearly up. If I get caught, hey, it happens. How much money have I made being long? Quite a bit. How much money have I made being short? Not very much. So if you want to have a position but are waffling, the long side makes total sense.
#40
SemiBizz
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Posted 02 May 2017 - 01:40 PM
No waffling, long FAZ - short ETF financials...
Toe in water, looking to add SOXS after AAPL love fest.
Looking at adding VIX OTM calls.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
