CAUTION
Disclosure: I am/we are short UDOW.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
CAUTION: THE LIGHT IS YELLOW.
One of our best trading systems, CGTS_LD, returned this report after Friday's trading. A lot of exiting of positions.
Began Trading | TRADING SYSTEMS | ||
TOP SYSTEMS | |||
1/1/16 | 37.48% | EMV ASP REMAKE 2016 * | |
1/1/16 | 35.32% | T11 RSTD M4 21 BASIC | |
1/1/16 | 75.35% | CGTS L_DIF ASP 22 2016 | |
4/22/16 | 27.34% | T11 RESIST TRADE |
Column1 | Column2 | Column3 | Column4 | Column5 |
Symbol | Close | PROP1 | Position | Issue |
NFLX | 85.89 | -23 | Short | Netflix |
CDE | 13.42 | -1 | Flat | Coeur D'Alene Daily |
DRYS | 0.51 | 1 | Flat | Dry Ships Daily |
GPRO | 11.08 | -3 | Flat | Go PRO |
HMY | 4.32 | -1 | Flat | Harmony Mining |
ICON | 6.95 | -15 | Flat | Iconix Brand Group |
NTDOY | 29 | -1 | Flat | Nintendo |
SPU | 14.25 | 23 | Flat | Skypeople Fruitjuice China |
WLL | 8.18 | -19 | Flat | Whiting Petroleum |
A topping process is sometimes immediate; and sometimes it is drawn out.
Here's a picture of our DASHBOARD.
We are getting shortsale signals on Netflix in a couple of systems. Our EMV System has been simplified visually to show the Intermediate Trend (red line) and the EMV Momentum Line (blue line) -- when the red line splits and rises and the blue line is low, buy, -- when the red line splits and falls and the blue line is high, sell.
CAVEAT. The buy signal also requires that the LONG-TERM TREND also be positive (the bottom pane). DRYS, Dry Ships, is giving a buy signal.
We showed you CDE last week, a stock we love but which we sold on a trading sell signal.
Here are a couple more charts that are adding to our sense of pending peril. DSLV, Short Silver ETF, is giving a BUY SIGNAL in our EMV System. In our VIX-4 (EMV) Trading Systems, VIX has finally given a cover signal -- which implies a storm ahead, perhaps.
We warned readers last week that NTDOY, Nintendo, was flying to the moon. I'm going to keep an eye on this one, for later use. It is not given a sell signal in our EMV System.
We have been watching AAPL for some time, with the idea of buying it. But it is on the verge of issuing a shortsell signal again.
Note how Apple has been unable to lift its buying strength PROP1 back into the BUYZONE. This is a sure sign of underlying weakness. Here's a report of our activity over the weekend.
TRADES | 0.757 | ||
7/22/16 | |||
CLOSED | |||
VIX-6 | Short | DRV, Short Real Estate ETF | 4.44% |
VIX-4 | Short | VIX, Volatillity Index | 29.62% |
VIX-4 | Long | ERX, Energy Stocks Bullish | -2.11% |
VIX-1 | Long | DWTI, Short Oil Stocks | 28.86% |
VIX-1 | Long | QQQ, Nasdaq INdex Bullish | 5.15% |
VIX-SS | Short | VIX, Volatility Index | 29.62% |
EMV | Long | HMY, Harmony Gold | 24.36% |
EMV | Long | NG, Nova Gold | 10.16% |
EMV | LONG | UGLD, Gold Bullish ETF | 9.68% |
EMV | Long | SA, Seabridge Gold | -8.69% |
OPENED | |||
VIX-5 | Short | NFLX, NETFLIX | 85.89 |
VIX-5 | Long | DRYS, DRY SHIPS | 0.5101 |
Happy Trading.
MJC, CGTS