What time frame are you getting this sell on ? 5-min, hourly, daily ?
P.S - I don't have any sell signals based on my system at this point.
Daily.
The price based signal (Nasdaq Comp) triggered today for tomorrow's open (finally). The breadth based signal (NYMO) and volatility based signal (VIX) have both been on sells since today's open. The long-term breadth (NYSI) put in a sell in TradeStation for tomorrow's open. I will be in cash completely on tomorrow's open.
If the price action tomorrow agrees with me, I will buy puts as a day trade; and maybe inverse ETFs (SQQQ and UVXY), which could end up being held for a swing longer than a day. In this bull market, I'm not at all sure it will follow through to the downside. Could easily get buy signals across the board if the market rallies again tomorrow. That's just the way it is.
Been a great run the last 10 trading days.
Edited by diogenes227, 10 October 2017 - 01:25 AM.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."