S&P is making new high. I continue to hold my longs. It appears that the indicators work even in face of recent news, although there are too few data points to extrapolate :)
the blue indicator just started to shoot up. still holding longs, although getting cautious. it would be, however, too early to short the market, imho.
continue to hold longs!
both blue and red indicators are at low levels, characteristic of an uptrend. this doesn't mean that there wont be any pullbacks on the way up, but for a swing trader, just enjoy the ride, don't get shaken out of the wagon.
continue to hold longs. market has been going up a lot, normal to have a bit of pull back.
I am considering starting a new thread in the Journal forum, since this is more like a record of market calls based on two in-house indicators as opposed to technical discussions.
All my long calls are showing nice profits. Even though the signals were not given at the exact bottom, they were in a range that was low enough to have a favorable risk reward profile. Continue to hold longs, it appears this uptrend has legs.
The red indicator dipped 4 times below 20 during this correction, which meant I bought 4 batches of SPY calls. The first two batches almost broke even. The last two batches are showing nice profits. This is despite the drop in volatility compared with when I bought those calls. Overall a nice...
Updated chart as of EOD today. No new signal during past week. Still holding my shorts. The red indicator looks volatile, which is typical during correction periods, and appears to have more room to go.