lafano's  Instablog

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Retired after spending over 38 years in Insurance and five years consulting. I enjoy trading (and investing), as I maintain two active portfolios: short term trading and long time investing. I am studying more about applying technical indicators and oscillators, primarily Bollinger Bands, RSI,... More
  • Market Trend 0 comments
    Mar 11, 2013 9:08 AM

    A solid jobs report on Friday helped sustain the upward trend. I am now short/sell on the market, SPY. The price is currently higher than the high Bollinger band, and RSI is slightly above the overbought signal of 70, with 70.21. And, the Stochastic level supports the overbought signal even further. Therefore, I sold my convertible fund into strength and rotated some of the profits into SPY and IJH. However, I have tight stops on each position, at their respective 20 day moving averages. As mentioned previously, based on my data and back testing, the market (NYSEARCA:SPY) may continue to increase a bit more. On average, SPY has increased by 1.78% further, on average, after the sell signal was established, which was Friday. This is the primary reason for me to hold my positions, however, with tight stops.

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  • Good time to begin buying again as SPY at Bollinger B low and RSI below 30. Buying QQQ, IJH, and SPY. Also averaging into IAU (gold).
    Jun 4, 2012
  • VXX to expload this am. Greece is being Greece (again).
    Feb 10, 2012
  • Selling everything at 1350 (SP500), could be in another week or two, and will begin buying VXX again. 1 yr. RSI over 71 now.
    Feb 1, 2012
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