Well that did not work out well.
The call for tomorrow is to stay short unless the rut closes below 493.79.
Will trade the rut at 2x.
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About Me
- Forecaster
- I originally developed this stock market timing system to trade leveraged mutual funds within a retirement account. It appeared that traditional "buy and hold" strategies would not generate the returns I desired in the time frame I needed. I wanted a mechanical trading system that took the emotion out of making decisions about the future moves of the markets. This system gives a "end of day" call for the next days market direction. On some days it requires some input from the trader as the signal may be dependent on the closing price of a particular index. It can be traded using etf's or mutual funds. This blog is for entertainment purposes and to track the development of this system. It is not intended to be used as advice. Use at your own risk!
I feel your pain!,...but agree with you on likely lower for Thurs. I am partial short as of the close on Wed. My strategy is to increase my shorts at the close on Thurs if we have another up (higher) close on Thurs. I have Thurs 06-25 as a likely high, and am looking for a turn down on my next 3 wk cycle (likely pivot) date on Fri 06-26. So I am open minded to some additional upside into Thurs,..but that should mark a High, and then we decline. Just my humble opinion. Have a good evening. Regards, Jim
ReplyDeletePS..Keep an eye on 4CSNS site,..has been doing great, up about 49% YTD trading Rydex 2X SP500 either Long and Short at end of day:
ReplyDeletehttp://www.4csns.com/
As you know, I have funds in this program and am very pleased.
Later, Jim
We are getting more upside today..but may reverse this afternoon.
ReplyDeleteI check out fourseasons on occasion to see how their doing. Looking for another good system to diversify with.
Hope tomorrow will be short day ...
ReplyDeletethanks