The Pivot Trend System turned around at today's close, providing a BUY signal on IYR. A careful look on the system shows that the last call of SELL on IYR was a bad one, ending with about -6% loss on IYR.
To me, my plan will try to dump all SRS positions and load URE AH for tomorrow.
Posts
Morning Post 03/03/2025 SPX
3 hours ago
What happened to my comment?
ReplyDeleteI guess we'll try again. You said on Friday that IYR was a sell. And look what happened today. How are you so confident about real estate tomorrow? Seems a but extreme to close ALL your SRS tonight/pre-market. ??
ReplyDeleteTo the 1st, what were your comments? I am just on-line now. I believe Swinger and I are pretty open-minded to all kinds of comments, just like market contains full of all different views, either bullish or bearish.
ReplyDeleteTo the 2nd, yes, I was pointing that IYR was a sell on Friday, and expecting a quick -5% down in 1 or 2 days. Today's sizable gap down and going lower in the morning did start the way I was expecting. However, market is always full of uncertainties. The last 1hr pulling up was showing market internal strength, esp for finance sector including part of real estate.
ReplyDeleteI think that the system provided at today's close (BUY signal on IYR) makes sense to me, as timing is also a critical factor for trading the market. No quick 5% down today, and plus the huge volume in the last hour's pop, destroyed Friday's SELL setup on IYR, and triggered BUY.
The system is flexible, and hope traders like us are flexible too.
Plus, IYR was still in red today. If you followed the call on Friday, should pretty much break even.
ReplyDelete