ETF swing trades and market insight - primarily focused on SPX. Leveraging traditional technical analysis, cycles, elliott wave, P&F, and oscillators to identify continuations and change in trend. Updated frequently.
Tuesday, July 30, 2013
07/30/13: Bought 1 lot size UPRO
Avg price @ 73.08. Stop set for 70, may tweak that a bit later, but preliminary stop is 70.
Saturday, July 27, 2013
07/27/13: Further review, looking for markets to go higher into 8/6
Upon further review, I realized an important part of the system needed some tweaking particularly when the last bar in the timing window overlaps with a large red or white candle.
The system looks at the previous bar before timing window and will help me determine what do at the timing window. I didn't follow my system this go around which is a no-no if I want to get this to work on a more consistent basis. The big red candle that occurred exactly on the timing window threw off what I was looking at.
In other words, we really should be long right now.
I am making a mental note that we should be long, and the mental short I had on should have been closed. Counting this as a loss given I didn't follow the system.
Based on divergences, I am looking at markets moving up into 8/6 window. This overlaps with a major timing window + new moon. Might get interesting after 8/6.
The system looks at the previous bar before timing window and will help me determine what do at the timing window. I didn't follow my system this go around which is a no-no if I want to get this to work on a more consistent basis. The big red candle that occurred exactly on the timing window threw off what I was looking at.
In other words, we really should be long right now.
I am making a mental note that we should be long, and the mental short I had on should have been closed. Counting this as a loss given I didn't follow the system.
Based on divergences, I am looking at markets moving up into 8/6 window. This overlaps with a major timing window + new moon. Might get interesting after 8/6.
Friday, July 26, 2013
07/26/13: timing window just passed, remaining on a short (mental note)
Would move SPXU stop up to $20.80.
Wednesday, July 24, 2013
07/24/2013: short SPX (mental note, no trade)
For whatever reason, the signal, right now to me at least, is another short SPX opportunity. The first time recently was stopped out and this time it is trying another short. The entry would have been ~$20.70 on SPXU.
I have no trades on since I am on a trade blackout until 7/31. However, I am mentally noting that this timing window was a short, and the next one is coming up on Friday.
I have no trades on since I am on a trade blackout until 7/31. However, I am mentally noting that this timing window was a short, and the next one is coming up on Friday.
Monday, July 22, 2013
07/22/2013: Stopped out on SPXU
Sitting in cash. I probably won't be trading until after 7/31. Will be looking to move some balances around. Will post my thoughts at the next timing window however.
Friday, July 19, 2013
07/19/13: Bought other 1/2 lot of SPXU @ $20.98
Moved stop up to $20.59 given larger size.
So now have 2 full SPXU lots @ $21.09 avg price
So now have 2 full SPXU lots @ $21.09 avg price
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