Oh btw I have a P-bar in R2K could be hit in the rebound sometimes
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
But the new SARS, aka H7N9, maybe the new black swan.
HSI went down over 2+% today because of worries. Rumours say Shanghai is being heavily hit by the new virus. Fatality rate is over 50%. And it is difficult to detect this time because the birds actually don't suffer any symptoms..
Market Neutral.
Used yesterday's rally to top off hedges.
My composite trend indicator ticked up to positive yesterday from a zero reading Thursday.
Unless we get a solid NFP Day reversal up (a definite possibility), I am pretty sure we will close today and the week with a downtrend signal.
Thursday was my first zero reading on this model. I need to give some thought as to how to handle that in the future.
My summation index signal is down.
It would have been nice to get outright short yesterday but my trend signal held me back. It was sooooo close.
I'm OK with it as NFP is a bit binary and this morning could have gone the other way. I want to own the trend not the event.
Assuming I do get a down signal today, some discretion will be required in managing a short in the days ahead.
The market could end up oversold here and there is some unfinished business with the SPX all time high.
I don't think the bulls are going to let this correction go too far before mounting a charge to go back and test the high.
I do but don't know how attach freestockcharts on to the forum. I tried there. Couple things that stand out as short term bottom. VOlume this week was blow off bottom. Last two days 70 million shares traded hands one third of float. Every other bottom has had weekly hammer with skinny wick. RSI third time holding the line. I have a measure move up too 36.80.
frankthetank wrote:I do but don't know how attach freestockcharts on to the forum. I tried there. Couple things that stand out as short term bottom. VOlume this week was blow off bottom. Last two days 70 million shares traded hands one third of float. Every other bottom has had weekly hammer with skinny wick. RSI third time holding the line. I have a measure move up too 36.80.
Click on the little camera icon and save it wherever you like......
frankthetank wrote:I do but don't know how attach freestockcharts on to the forum. I tried there. Couple things that stand out as short term bottom. VOlume this week was blow off bottom. Last two days 70 million shares traded hands one third of float. Every other bottom has had weekly hammer with skinny wick. RSI third time holding the line. I have a measure move up too 36.80.
alt+print screen button= paste into paint and save as new jpg, then attach.