Greed and Fear

Follow the numbers and the rest will fall into place.

Indicator negative for the first time since March 22.

My motto for the day = "Bush speaks, market leaks"

Happy Friday!
 
Quote from indahook:


Short SPY @ 130.64
Stop @ 132.43
Tgt open

2 trades
2 winners
4.81 points gained
+.0374%

Indicator @ -0.724665....2nd std dev @ -.64666

Covered SPY @ 128.59 +2.05 points ...+.0157%
Long SPY @ 128.59 Stop @ 126.82..tgt open

New stats

3 trades
3 winners
6.86 points
0.0531% gain
 
Quote from indahook:

Indicator @ -0.724665....2nd std dev @ -.64666

Covered SPY @ 128.59 +2.05 points ...+.0157%
Long SPY @ 128.59 Stop @ 126.82..tgt open

New stats

3 trades
3 winners
6.86 points
0.0531% gain

way to hang in there with that short. my sentiment indicators are also at an extreme that has produced a bounce point in the past.
 
Quote from indahook:


Long SPY @ 128.59 Stop @ 126.82..tgt open

3 trades
3 winners
6.86 points
0.0531% gain

Indicator heading north currently. Although I dont put much merit in any moves today. Might as well be watching price action on the day before Christmas Holiday.

Happy Holidays!
 
Quote from indahook:


Long SPY @ 128.59 Stop @ 126.82..tgt open



3 trades
3 winners
6.86 points
0.0531% gain

Just hanging around long. I could blabber about things like earnings or oil and gold. But none of that matters to me(and i`m not that smart) because the tape tells me the news everyday. If i`m long and the last print is higher than my purchase...the news is good.

Good trading to you all
 
Quote from indahook:


Long SPY @ 128.59 Stop @ 126.82..tgt open

New stats

3 trades
3 winners
6.86 points
0.0531% gain

Just got a fresh Sell/Short signal

sold long @ 129.87 for 1.28 or .01%
Short @ 129.87 stop @ 131.64...tgt open

New stats

4 trades
4 winners
8.14 points
.0631% gain


Let the numbers tell you when.
 
if we are @ 131.65 or > by 3:55 will close out. other than that it will be my last post for two weeks. going on vacation to a faraway warm place and will not be bothered to trade at all. time for some sun and fun minus streaming numbers.


good trading
 
Quote from indahook:

if we are @ 131.65 or > by 3:55 will close out. other than that it will be my last post for two weeks. going on vacation to a faraway warm place and will not be bothered to trade at all. time for some sun and fun minus streaming numbers.


good trading

tough call. i suspect that next week after options ex and earnings are mostly reported we could see a pb but you never know. the market has one of the most persistent bids under it i have seen in years. every small dip has been a buy opportunity.
 
Quote from indahook:


Short @ 129.87 stop @ 133.16(adjusted)...tgt open

New stats

4 trades
4 winners
8.14 points
.0631% gain

1 losing position open currently


Well, I went away with no stops in place because I was under the impression I would have net access. And I did not have any for the last 5 days. I would have stopped out at 131.64 on May 1st. But since I got a fresh Sell/Short signal from Fridays close i`m gonna ride this existing short out and stop at 133.16 (1.37% gain from Fridays close). I`m a little pissed because if i`m stopped it will be a .025% loss instead of a .0137% loss but its the only thing I can do right now because I would have taken Fridays signal anyway....oh well.

Let them fall where they may.
 
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