Profunds index and sector trading (PRO)

[Stock]

Thanks. Those SMAs are Fibonacci numbers, in case anybody wonders...

Someone told me a long time ago... never buy a stock that's below its 144 day SMA... I wish I had followed his advice more closely last year...

[was Steve]

WOW..big day for the Trannies (gg). RUT looks to be in an area where support could be expected, but no clue where it goes from here

very nice charts by the way

[Stock]

Has RUT found support? $TRAN will be up some today on Berkshire BNSF choo choo acquisition

$RUT,uu[1090,1490]daclyiay[d20080901,20121231][pb377!b233!b144][vc60][ill14!ua8,17,9!ua12,25,9]">

[euterpe1]

Don't know the numbers yet, but should be @ 2.2% on 25% of the port. Looks like the right call on dumping the longs as the markets are tanking.

Just checked the port. Looks like 1.7% gain...WTF. I guess that should give us a clue. Market up @1.2 % and the fund only returns 1.7% on a leveraged fund.

[Namiar]

I concur that the trend has turned negative, and the pattern looks like a waterfall setup.

However we're getting into deep oversold and a bounce is forthcoming.

However I will be careful not to get into sectors or margin without another significant leg down - which could come today . . .

Did you do well with the Friday play Euterp??

[euterpe1]

dumped the friday close long at the a.m. RYDEX price. All indicators say hold long, except I think the larger trend has turned negative. Let's see what the end of day brings us...like a double bottom.

[euterpe1]

$VIX 60 min out of bounds so I will take out a small RYDEX spx long here. A monday a.m. plunge is not out of the question. Ditto on the daily(price out of the BB's).

[Namiar]

Looks like we'll probably revisit those NYMO lows today . . .

[Namiar]

Right Euterp,

Surprised at the magnitude of this down move, thought we would have the usual meander upward for several more days. Todays plunge wipes out yesterdays gains, and then some.

But Countertrend trading is my bread and butter. I will be establishing another long position here at the close, but will stay away from the sectors for now . .

Oversold conditions are extreme enough to establish a long presence IMO

[euterpe1]

Nice going. Had I gone long at Wed close I would have done the same.

The trend appears to have shifted. Down until Thanksgiving and then Santa Rally followed by 2010 tankage.

$VIX&p=W&yr=3&mn=0&dy=0&id=p64509708161" rel="nofollow noopener noreferrer ugc" target="_blank">http://stockcharts.com/h-sc/ui?s=$VIX&p=W&yr=3&mn=0&dy=0&id=p64509708161

[choad]

Isn't the extremely low in NYMO normally followed by a delayed price low one to three weeks later? The Oct. low seems to be an exception to that rule but to think this extreme low will also be an exception may not be so likely.....a little bounce here and maybe back to the flush.....thinking like a criminal might support that notion.....we shall see.

[Namiar]

Tentatively staring down a 4% portfilio bump today - been awhile since I've seen gains like that.

Back to cash, but if tomorrow drops I may look to reload . . .

[euterpe1]

Yeah, I saw that after the close when it was too late. I am completely out of the market now. All 401K have been in cash for sometime. I am strictly using RYDEX and Profunds accounts now, but I am busy with work some of these great opportunities escape me. Good luck on your trade.

[Namiar]

Wow only realized this AM that NYMO is at near record all-time lows: -114

Not sure how today will finish, but right now I'm looking at the biggest payday in quite some time . . . loaded up with Latin, China and Precious yesterday

[Gizmo]

interesting, could have sworn i replied to generic'. did you change you're screen name in the last 7 minutes?

[Gizmo]

Yes, if i'm correct could take till end of jan. to get there. if 100% retrace could take till june/july, based on a presumption that charts are mostly symmetrical in their advances and declines off peaks and valleys.

word of warning... i'm often on the loosing end of trades and may be completely full of crap on my projections.

i'm going to see this trade out to the stop, it turned my way and now i go about life worry free, waiting to see if it bears more substantial fruit.

[Stock]

50% would be around 884?

$SPX&p=W&yr=2&mn=0&dy=0&i=p28652522451&r=3032">

[Gizmo]

Set stop on short spy @ 106.54 guaranteeing a profit. I think they sucked in as much money as possible on the long side and now we work down to at least a 50% retrace of the entire move off 666 spx.

[euterpe1]

Thanks. It looked like more down was ahead when I started to unload, but when you are countertrend trading you don't look a gift horse in the mouth.

I am not so surethat the trend hasn't changed to down. I think we see slightly more down tomorrow and then a bounce up. One gap got closed today. There is a big gap at 1800 and that will get closed...it's just a matter of when. Let's see if we make a right shoulder here or at least return to the mid BB's on the daily charts.

[Namiar]

Nicely Played Euterp!

I've tiptoed in the past few days, about 50% via SPX and NDX

WIll pump it to 100% today with this weakness. Got some free time - I may troll the sectors ..

Whats looking good for you in sectorland Steve??

[euterpe1]

Covered 1/2 the short position at the close yesterday and will close the second half now.

Could see a bounce here followed by more down. Daily $NASI on watch.

[kanuti]

A close on the lows will probably put me in for an oversold bounce.

[euterpe1]

I went short at the A.M. Rydex price. So far so good.

The downturn is just starting IMO.

http://investorshub.advfn.com/boards/replies.asp?msg=25497946

[Namiar]

May have another entry upon us.

Was close to legging in on Friday and felt a little queasy about failing to pull the trigger this AM, but markets tanking now and could provide an entry (depending upon close)

[was Steve]

Thats just what guys do. We cant help it.

[Gizmo]

dude, you're all right.....


i work as a welder in a factory and we use much profanity and downgrading of each other.


you're cool because your not so hoity toity that you don't understand some light hearted bashing.

[was Steve]

keeps me busy

[Stock]

OT - Steve - how's your insurance business going, if you want to share...

[was Steve]

feel free to post your trades. All i would ask is that you or anyone posting trades do it real time for entry and exit.
steve

[Gizmo]

hey steve!!!

i don't want to piss on your lawn so i'm asking if it's ok for me to post a record of my etf trades on your board?

unfortunately my feeling is rydex is an obsolete diniosaur. pulled my money couple years ago w/noregret. market orders, stops etc. were well worth it.... not to mention leveraged etf's.

whatever you decide...we have history on your board and i'll alway's consider you an asshole.


was joking.... be cool.............. lmao.

[Gizmo]

contrarion turning point? all clear given by ecri.

http://finance.yahoo.com/tech-ticker/article/351455/The-Pessimists-Are-Wrong-No-Downturn-Anytime-Soon-ECRI's-Achuthan-Says?tickers=%5EDJI,%5EGSPC,spy,dia,qqqq&sec=topStories&pos=8&asset=&ccode=

we'll see, but i don't see it technical or fundimental. next
big thing consumer is awol.



reality check.........time.

[Gizmo]

shorted spy 106.94. exaustion of the move out of the march low.

[Namiar]

Well I'm just going to bail out and wait for the next time.

I will hit a new port high today - finally working off that shorting debacle from June.

[euterpe1]

Nice call. I sold the leveraged spx long yesterday as we hit 1040. I just sold the leveraged NDX long now. The RSI 2 signaled a long move is here, so I moved to a non-lev NDX long to lock in some gains, but take advantage of more possible up.

Maybe the other shoe won't drop until after the first of the year. If 2003 pattern repeats, it's up until year end.

[Namiar]

There will be a nice spike up day in the near future.

Today looks like one of those days designed to get scalpers like myself to bail out or lighten up: up about 0.7% - 0.8%

Tomorrow can either continue the slide or provide the big upside move.

[euterpe1]

Looking for spx to touch or get near the 1040 area.

$NASI signaling the trend is still down.

http://stockcharts.com/h-sc/ui?s=$NASI&p=D&yr=0&mn=8&dy=0&id=p30704403915

[euterpe1]

Long order at RYDEX placed.

Looks like a safe(r) place to enter.

http://investorshub.advfn.com/boards/replies.asp?msg=25497946

[euterpe1]

I made almost exactly 1% which was a nice surprise. $VIX daily blew out the top of the BB's, so this seems like a safer trade to go long at the close, but I could not get the order in. That said, the weekly $VIX MACD has had a positive crossover and the $VIX is now above the mid BB.

If we get a nice quick down open, I will look at taking a long position. Today looked like the 25th of Sept which had the sell off into the close. The 28th opened with a rocket launch.

[Namiar]

Hey good Luck with those results Euterpe - hope ya make enough for a dinner and movie this weekend

I bumped up my deployment to 60% (NDX) at the close . .

[euterpe1]

Went long at yesterday's close at RYDEX and closed it out at the am Price. Nasdaq was down 6.42 at 9:45 which is supposed to be the cutoff time. QLD was up nearly 1% at .43 gain. Not sure if I made money or not.

Splain that.

[kanuti]

A repeat for me, sort of. At cut off time no go but the close was only a breath away from a buy.

Will see if todays "Oh well" turns into tomorrows "Damn it".

[Namiar]

I went in for 50% already - have a meeting that will carry past closing. Hopefully markets will continue downward . .

[kanuti]

Just might with a close on the lows. Right now with NDX (2.52%) it is still a ways off for me.

[Namiar]

We getting another shot at it today Kanuti??

[Namiar]

Well I will have a profit (barring a late plunge) but it will not be a haymaker.

Need to work off the 0.90% loss from Friday.

Given I am only 50% invested, the best I can hope for on this flip is perhaps a 1% port gain - will need NDX to close at +2.90% for that.

[kanuti]

My "Oh well" has turned into a "Damn it". A close here, now at 1730, would have me out with a nice one day profit.

[Namiar]

I would like to have added as well, but stuck at 50%

[kanuti]

At fund cut off time was a no go but the last 5 minute 0.2% drop would have put me in a partial position. Oh well...

[Namiar]

Maybe not too far out of whack.

I had to trade early yesterday, and would have backed off in the face of the rally.

And speaking of rallies, markets are rebounding today near the close. With NDX down only 0.5% I will stay where I'm at.

[kanuti]

We are out of whack again. A close on the lows would put me in today.