1) The Pivot Trend System remains SELL signals on both XLF and IYR. It also indicates a 5% down on IYR (target around $33.4) in the next 1-2 trading days, which sets a target about $19.5 for SRS. The downside could potentially be more than this.
2) If IYR closes above $35.6, the above indication will be invalid. That is where my stop is. Careful review will then be needed.
3) I loaded the 3rd size of SRS back at $17.7 before close, now holding 3 sizes of SRS positions with avg cost $19.06 for this play. Also loaded some SRS calls as med-term positions early morning. To me, I feel comfortable about holding them into next week.
4) Have a good weekend, and good trading next week.
Friday, June 5, 2009
Finance is red
Looks like that the SELL call triggered yesterday from the Pivot Trend System on XLF is not bad.
Expecting a sell-off towards close. Good job numbers could not help bulls hold on highs. Market is weakening with dollars bouncing hard.
I loaded some med-term short positions, like SRS July calls as advertised in Twitter.
EURUSD is breaking down hard. If you read the comments in one of my other posts this morning, you would know that I was reading EURO when pre-market was pushing up. Now I am reading it again.
Expecting a sell-off towards close. Good job numbers could not help bulls hold on highs. Market is weakening with dollars bouncing hard.
I loaded some med-term short positions, like SRS July calls as advertised in Twitter.
EURUSD is breaking down hard. If you read the comments in one of my other posts this morning, you would know that I was reading EURO when pre-market was pushing up. Now I am reading it again.
Sold 1 size SRS, $17.1
the last size was bought at $17.4. Remaining the other 2 sizes.
Market could go lower after I sold some. But I have the other 2 sizes to play out.
Market could go lower after I sold some. But I have the other 2 sizes to play out.
Thursday, June 4, 2009
Quick summary and a new signal triggered
1) I missed an 8% profit by not following the Pivot Trend System's BUY signal on XLF at yesterday's close (by playing FAS). Well, I do make bad decisions and mistakes, which are naturally inevitable for any traders/investors. The more important thing is that you do have your PLAN-B to make up for it to reduce your loss or even turn bad decisions to a winning trade at the end.
2) The Pivot Trend System triggered a new signal on finance: SELL. It is not typical for the system to turn around buy/sell signals so quickly on XLF. The average holding periods for XLF by the system is between 1 and 2 weeks. It may indicate something unusual is coming soon, that I can not tell or confirm at this moment.
3) I loaded the 3rd size of SRS postions before close at $17.4, making the cost of my total 3 sizes of SRS be $18.86. How many total sizes can I add? Or what is each size should I play? That is a money management/risk control question, the answer of which really depends on individual's plans/goals/risk tolerance. To me, I have a total of 5-6 sizes to play.
4) Good Luck!
2) The Pivot Trend System triggered a new signal on finance: SELL. It is not typical for the system to turn around buy/sell signals so quickly on XLF. The average holding periods for XLF by the system is between 1 and 2 weeks. It may indicate something unusual is coming soon, that I can not tell or confirm at this moment.
3) I loaded the 3rd size of SRS postions before close at $17.4, making the cost of my total 3 sizes of SRS be $18.86. How many total sizes can I add? Or what is each size should I play? That is a money management/risk control question, the answer of which really depends on individual's plans/goals/risk tolerance. To me, I have a total of 5-6 sizes to play.
4) Good Luck!
New plan on XLF
If XLF closes above $12.38, I will short it by loading FAZ at close. This is from the Pivot Trend System
I didn't follow the yesterday's system signal on XLF (buy). That was a bad decision.
Still suffering with my SRS positions. I can not make 100% winning trades, neither the Pivot Trend System. For someone new here, the Pivot Trend System indicates an over 70% winning rate historically. I believe the performance of my real time calls listed on the right panel is proving it.
Will keep you updated.
15:53PM, I may be crazy that I loaded another size of SRS at $17.4, currently holding 3 sizes of SRS avg cost at $18.86
I didn't follow the yesterday's system signal on XLF (buy). That was a bad decision.
Still suffering with my SRS positions. I can not make 100% winning trades, neither the Pivot Trend System. For someone new here, the Pivot Trend System indicates an over 70% winning rate historically. I believe the performance of my real time calls listed on the right panel is proving it.
Will keep you updated.
15:53PM, I may be crazy that I loaded another size of SRS at $17.4, currently holding 3 sizes of SRS avg cost at $18.86
Wednesday, June 3, 2009
Quick summary and signal analysis
Today for me is mixed. Good that I closed FAZ positions by gaining +8% profits. Bad that SRS was red in such an over 1% market down day.
Tech and real estate are holding well overall. USD bouncing led energy and commodity stocks (XLE, XLB) down hard. That is not what bears (or I) liked to see. Typically, pullback from commodity looks healthy to the broad market. Bears really want to see tech and finance leading the market down hard, but this didn't happen today.
The Pivot Trend System remains sell signal on IRY, while however, reversed the signal on XLF from sell to buy at today's close. So it is unclear for tomorrow's direction by these mixed signals. Buying FAS AH to hedge SRS positions may not be a bad idea. I am still thinking of doing this.
Monday's gap on SPY was so close to fill today, but not. If markets leaves this unfilled gap this week, what I read from it is that it is reaching a climax run, meaning that a real downside run starts next week.
I bought more SRS at $18.6 before market close, average down the orignal SRS positions, with average cost $19.59 right now. This could be a bad move, but I will give a try with a tight stop.
Good luck, as always!
Tech and real estate are holding well overall. USD bouncing led energy and commodity stocks (XLE, XLB) down hard. That is not what bears (or I) liked to see. Typically, pullback from commodity looks healthy to the broad market. Bears really want to see tech and finance leading the market down hard, but this didn't happen today.
The Pivot Trend System remains sell signal on IRY, while however, reversed the signal on XLF from sell to buy at today's close. So it is unclear for tomorrow's direction by these mixed signals. Buying FAS AH to hedge SRS positions may not be a bad idea. I am still thinking of doing this.
Monday's gap on SPY was so close to fill today, but not. If markets leaves this unfilled gap this week, what I read from it is that it is reaching a climax run, meaning that a real downside run starts next week.
I bought more SRS at $18.6 before market close, average down the orignal SRS positions, with average cost $19.59 right now. This could be a bad move, but I will give a try with a tight stop.
Good luck, as always!
Sold FAZ at $4.86
+8.48% on this trade, reducing some short exposure.
Forgot to mention loading SRS at $18.6 to average down. Now average cost of SRS is $19.59
Forgot to mention loading SRS at $18.6 to average down. Now average cost of SRS is $19.59
| Buy XXXX Shares of SRS Order Number:F03BVCLT | Details | Filled at $18.60 | |
New plan on the trade of FAZ
If XLF closes below $12.10 today, I will lock profits on the trade of FAZ (cost at $4.48).
No new plan on the SRS trade for now.
My potential intraday locking profit point is SPX 915+/- 1, if this happens before closing bell.
No new plan on the SRS trade for now.
My potential intraday locking profit point is SPX 915+/- 1, if this happens before closing bell.
Tuesday, June 2, 2009
Position update: No change
Still holding FAZ and SRS as short positions. Costs show in the performance panel on the right.
XLF and IYR are down about 1.5% while market (SPX) remains flat.
Hope that I won't get burned tomorrow. Let's see.
XLF and IYR are down about 1.5% while market (SPX) remains flat.
Hope that I won't get burned tomorrow. Let's see.
To the subscriber
Thanks for your following message, subscriber
Anonymous said...
btw, I subscribed to your FoxSwing system last night, but didn't receive any notifications or emails or anything. Was anything sent out?And when does the Pivot system go into Collective?
We saw your subscription on C2 and We received email from C2 on 10PM yesterday. you will receive signals once we have actions in the future.
New subscriber to FoxSwing
Monday, June 1, 2009 10:02 PM
From:
"coll2@collective2.com"
Anonymous said...
btw, I subscribed to your FoxSwing system last night, but didn't receive any notifications or emails or anything. Was anything sent out?And when does the Pivot system go into Collective?
We saw your subscription on C2 and We received email from C2 on 10PM yesterday. you will receive signals once we have actions in the future.
New subscriber to FoxSwing
Monday, June 1, 2009 10:02 PM
From:
"coll2@collective2.com"
We are now short ES m9, We did short @ 941.5 yesterday.
For the Pivot system, if our subscriber request, we will consider to put it on C2.
If you have any further question, please don't hesitate to contact us
Monday, June 1, 2009
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