Monday, June 1, 2009

As of 10:15AM, VIX is green in such a big up day?

LOL~

VIX
29.020.100.35%
Posted by at

7 comments:

  1. AnonymousJune 1, 2009 at 11:44 AM

    so the up trend starts?

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  2. AnonymousJune 1, 2009 at 12:12 PM

    SRS is dropping crazy. Do you still hold your SRS position and what do you think the market will go this week?

    ReplyDelete
  3. Pivot TrendJune 1, 2009 at 1:22 PM

    Yes, I am stilling holding SRS. I will probably add more short positions at today's close if market doesn't have a sell-off towards closing, as a new sell signal on finance (XLF) will be triggered then. Therefore, all my indicators would turn bearish.

    Again, position sizing and risk management are your #1 job in this game.

    ReplyDelete
  4. AnonymousJune 1, 2009 at 1:56 PM

    Thanks for the guidance. I loaded some SRS last Friday AH and am very concerning the spike today. (though interestingly VIX does not collaborate much) So is it a short-term or med-term bearish signal your system gave? If it is a short-term signal, how far do you think SRS can go this week. Appreciate!

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  5. Pivot TrendJune 1, 2009 at 2:26 PM

    The signal for IYR (which I use to trade SRS/URE) is for short term, usually 1-3 days, sometimes, it could be a week or so.

    The signal for XLF is for a little longer time, usually 2-3 weeks. (the last BUY signal from XLF was out on 5/13 at close when XLF was $11.39, FYI).

    My med-term view still keeps unchanged, which is there will be a 2-3 month correction (let's call it correction for now) after 3 months' up in a row (since Mar.9th).

    ReplyDelete
  6. Pivot TrendJune 1, 2009 at 2:33 PM

    I don't have a specific price target for SRS. The trade that I made on 5/28 on SRS could be a losing trade (which I hope not :)), but I won't cut for now. I would use some techniques like average down or high leverage to either minimize the loss or make it as a winning trade overall.

    I will keep you guys updated timely about what I am going to do and what I did.

    Stay calm, don't let the bad emotion control your thoughts and even your trading. I know it is about money, but think about it this way, it is a game!

    ReplyDelete
  7. AnonymousJune 1, 2009 at 3:46 PM

    I agree. It is a game. Be strong in your mind, but be careful with your money. I averaged down SRS to $19.50. I may buy more. Do not follow me, I may be wrong.


    Alan

    ReplyDelete

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