Raising stop to 991.

wow, Algorithm value is very high today. Wish I had more ammo for puts.

Getting to a point where we are over extended at a confluence of resistance:

Purchased 900 shares of SDS @ $50.75 ($45,675)

Stop SPX 982.

Purchased 45 SPY August 95 Puts @ $2.19 ($9,855)

Stop at SPX 982

Purchased 1,000 shares of SDS @ $50.64 ($50,640)

Stop at SPX 972.

No sell signal yet, but a lot of divergences on the 15-minutes SPX.

Hopefully I will get a trigger if we put in a new 2009 high with larger set of divergences.

Stopped out of 1,000 shares of SDS @ $52.91. (loss $1,690)

Sorry for late post, been out all afternoon/evening. Followed guidance from prior post.

That fractional new high this morning did not stop me out. Any new high even by a penny and it's closed.

flxc4p4str,
Never changed my stop, but I had $0.05 more cents on the SPX until it triggered so I'm still in my position.

I was expecting to get another sell signal on the market as it trended up all day, but my readings actually went down. I would be surprised to see any weakness in the morning not getting bought up, but I'm sticking to my stops or until I get a reading stating I should sell my SDS.

I would like to see about a 70% win rate from this system with winners doing about 150% of the losers.

Still needs some tweaking. My one loss I would have never closed out due to all the negative divergences, but I don't have that in the algorithm yet.

Buying 1,000 shares of SDS @ $54.60 ($54,600). Stop at SPX 933.

Sold remaining 2,000 shares of SSO at $24.97 ($49,940) +3.83%. Gain of $1,840.

Sold 2,000 shares of SSO at $24.61 ($49,220) +5.17%. Gain of $2,420.

Purchased 2,000 shares of SSO at $23.40 ($46,800)

Stop at SPX 865.

Purchased 2,000 shares of SSO at $24.05 ($48,100)

Stop at SPX 865.

Closing out 900 shares of SDS at $53.94. Loss of $1,548.

Hate to do it since there are negative divergences galore right here, but a rule is a rule.

Just missed stop by .01 yesterday. Raising stop 2 points for possible opening overthrow.

Purchased 900 shares of SDS at $55.66.

Stop at SPX 927

But if this count is correct, we will see a minimum of 870 in short order if it's a C. If a "3" we are looking at 820-837 by the 4th.

Interesting conflict. Back testing downtrend line from May consolidation at the lows. Back testing the break of the April uptrend line at the highs.

Without playing the part of Captain Obvious too much:

Closing out 600 shares of SDS @ $56.54

Closing out 1,300 shares of SDS at $56.09

Stops on positions moved down. No set number but 2 hourly closes inside the channel will close out 100% of position.

If this read is right Chevron is going to seriously outperform Oil over the next 12 months. Target is 0.25

Purchased 300 shares of SDS at $52.77.

Stop at SPX 957

Thanks for being the first post!

I've been in hiding re-working an algorithm I've used for years. It's always been able to hit major bottoms quite well, but always faltered at tops, getting in way too early.

The oscillators I used off the lows showed about 1000 as the max top, but with a pullback at 875 max (900 overthrow). It "broke" the algorithm with this current move to 955 with no pullback so I had to rework it.

I've been back testing and I think I have it right. Time will tell.

Purchased 1,600 shares of SDS at $52.05.

Edit: Stop at SPX 966

If we do not close strong today, I see a strong possibility we roll over hard starting on Monday. Will post charts this weekend.

Thanks for checking. I've been calling around all afternoon with no luck. If you can find some GM shares to short I can show you a way to lock in 22% on total investment.

I'll be working my phone the rest of the afternoon searching.

My apologies if this has been discussed recently, I haven't had a chance to read the boards.

Does anyone know if GM is available to short through any brokerages, including Canadian?

There is a massive arbitrage play to be had right now.

Money flow on the OEX and SPX daily have been in distribution mode since March 25.

Anyone playing MOS for earnings?

Daily is starting to roll over. Weekly has a lot of coiled energy wedged between 200SMA and 13 EMA, resting on uptrend line. Some H&S type formations showing up:

Weekly

The weekly show the level of this failure.

Random musing - Doing scans from the last week now. Starting off with bearish charts and it is being dominated by medical device makers and pharms. Something to keep an eye on.

I thought this was amusing. Published December 2007, a bunch of brainiacs had 0% insight as to what would happen just 16 months later:

http://www.brookings.edu/~/media/Files/events/2008/0331_fiscalfuture/0331_fiscalfuture_deficit.pdf

We are about 50 years ahead of schedule.

A majority of the banking sector finished with very ugly candles on the daily. SPY daily candle getting saved a bit here AHs.

Edit: Make that quite a bit. SPY up almost $1 since 3:59.

Getting similar non-confirmation on my indicators right now as I did on the 25th before we dumped 35 SPX points. Not quite as extreme....may take another high over the next hour.

With APR $35 calls only $1. Enjoy!

Open put interest very lopsided against calls for Apr/May.

Starting to accumulate Apr/May calls here with at least $39 still highly likely by options expiration.

Hoping for one last visit to $33 before taking off.

Scanning for setups next week. You will love this one:

Maybe I should have said 3OTL?

Quite a move last 60 minutes. Still within the slope of the down move.

A move down to 780ish would be an excellent low risk buy zone. measured abc, lots of support, and a back test of the downtrend line from January.

15-Minute


Daily