3 replies to this topic

[IYB]

When I originally posted this entry for long UPRO on Jan 31, I had promised to follow up until exited. Looking for a pull-back to 1325-1330 area versus SPX, then new 2009-2012 highs shortly thereafter. Sitting tight with UPRO. Stop continues to be a Seven Sentinels Sell Signal. Good trading all. D

This may be about all she wrote for the correction, as breadth has now reversed sharply from yesterday's extreme negative numbers, and the IT trend remains solidly up.

Have been buying UPRO at 68.29 at SS.com, and will follow up that trade here. Our "stop" is a Seven Sentinels Sell Signal.

Good trading all.

Couple of very quick trading notes......Looking for p/b to 1290 (+ or -) area then substantial new highs ahead. I absolutely agree with Fib's point below....

Here is a short term indicator that works on same principle as Selecto's SPX:CPCE MACD indicator, but I flipped over the indicator since it is the "smart money PCR" {oex} version which tends to run opposite the Equity only version. Exact same conclusion, though

http://stockcharts.com/c-sc/sc?s=$SPX:$CPCI&p=D&yr=0&mn=8&dy=0&i=p45138615639&a=255511141&r=987.png

Additionally TRIN and TRINQ on sell for short term:

http://stockcharts.com/c-sc/sc?s=$TRIN&p=D&st=2011-06-30&en=2012-12-31&i=p88125903866&a=225433289&r=841.png

http://stockcharts.com/c-sc/sc?s=$TRINQ&p=D&st=2011-06-30&en=2012-12-31&i=p84399494733&a=225433290&r=961.png

Will add on any decline ahead..., Good trading, D

[CRUISENAL]

"Looking for a pull-back to 1325-1330 area versus SPX, then new 2009-2012 highs shortly thereafter."

To what level and will this new high be a TOP?

When I originally posted this entry for long UPRO on Jan 31, I had promised to follow up until exited. Looking for a pull-back to 1325-1330 area versus SPX, then new 2009-2012 highs shortly thereafter. Sitting tight with UPRO. Stop continues to be a Seven Sentinels Sell Signal. Good trading all. D

This may be about all she wrote for the correction, as breadth has now reversed sharply from yesterday's extreme negative numbers, and the IT trend remains solidly up.

Have been buying UPRO at 68.29 at SS.com, and will follow up that trade here. Our "stop" is a Seven Sentinels Sell Signal.

Good trading all.

Couple of very quick trading notes......Looking for p/b to 1290 (+ or -) area then substantial new highs ahead. I absolutely agree with Fib's point below....

Here is a short term indicator that works on same principle as Selecto's SPX:CPCE MACD indicator, but I flipped over the indicator since it is the "smart money PCR" {oex} version which tends to run opposite the Equity only version. Exact same conclusion, though

http://stockcharts.com/c-sc/sc?s=$SPX:$CPCI&p=D&yr=0&mn=8&dy=0&i=p45138615639&a=255511141&r=987.png

Additionally TRIN and TRINQ on sell for short term:

http://stockcharts.com/c-sc/sc?s=$TRIN&p=D&st=2011-06-30&en=2012-12-31&i=p88125903866&a=225433289&r=841.png

http://stockcharts.com/c-sc/sc?s=$TRINQ&p=D&st=2011-06-30&en=2012-12-31&i=p84399494733&a=225433290&r=961.png

Will add on any decline ahead..., Good trading, D

[IYB]

"Looking for a pull-back to 1325-1330 area versus SPX, then new 2009-2012 highs shortly thereafter."

To what level and will this new high be a TOP?

Perhaps 1425 area- will see what the internals {McO Oscillators and the rest} showing on next rally. But I don't project specific target levels per se. Just trade in sync with the trend as defined by the Seven Sentinels. But NO the push to new highs later this month will NOT likely mark an important top {just another short term top} according to my work. Best, D

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=3&mn=0&dy=10&i=p90620737966&a=181755090&r=820.png

Edited by IYB, 09 February 2012 - 01:50 PM.

[IYB]

Btw, we are following up UPRO here only because we reported the trade in real time and promised to follow it up. --------------------- The rest of our position was taken weeks earlier, but since we did not report the others here at FF, we are following up just the UPRO here. But to put that trade in it's proper context, here's our entire position at SS: Open Positions: 5% EDC (95.45), 20% FAS (74.38), 20% QLD (88.56), 20% TNA (49.1), 10% UPRO (68.29), 25% Cash