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  • And Away We Go, Buy Signal For All Indices.

    o

    Tuesday, AFTER MARKET UPDATE, 2013/03/05

    A. SHORT TERM INDICATORS/SYSTEMS:
    1. elliott PSTT: is now on a BUY signal as it closed above 1520spx on monday,2013/03/04, the last sell short signal was on thursday's, 2013/02/21, close below 1511. s. the PSTT is the most heavily weighted indicator for signaling a change in weekly to monthly wave counts and trend changes.
    2. qqq indicator: +8 (on a scale of -10 to +10) unchanged (need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
    ……….a -6 remains a short until 0 is triggered).
    3. smart money indicator: +3 , up 1 point. remains on sell signal. a -8, once triggered is usually a sell and remains so until a +7 is triggered.
    4. March monthly 2faced longs: + 1.47% profit today. system holds for an entire month.
    5. March monthly 2faced shorts: 0.33% profit today.
    6. weekly 2faced longs, 0.74% loss today. system holds longs for a full week.
    7. weekly 2faced shorts:1.66% profit today.

    i use the weekly 2faced stocks as day trading candidates.

    8. large cap folio +0.80% today.
    9. small cap folio: +0.81% today.

    benchmark:$SPY + 0.90% today.

    B. LONG TERM INDICATORS:
    crash indicator at +6 (updated 4-01) , up 2, versus last friday's +4.next update will be on 2013/03/08. a rare -10 signals a 2008 type of crash. no signs of an upcoming crash.
    all other long term indicators remain on a buy.
    medium term "PSTT" remains on a buy.

    C. TRADES/ALLOCATION:
    changed. 71% invested, 10% short, 61% long.
    see blog for today's trade details. increasing longs on this pullback.

    D. STOCK WATCH:
    SHORT break out watch:
    LONG break out watch: $CACH, $VCLK (broke out monday), $PCYC (broke out monday).

    E. MISCELLANEOUS COMMENTS:
    a BUY signal was triggered monday at the close by the elliott "PSTT" indicator as well as the qqq indicator but a further pullback is still a 30% probability. conservative profit goal for the weekly 2faced folio of longs and shorts will be 1% to 2% per week after commissions, that would be about a 67% return compounded over 52 weeks at a minimum, not bad for a market neutral strategy if it continues to work for me.

    see the "ABOUT" section of the blog for more detailed descriptions of the use of all the above indicators and different trading portfolios.

    follow the comments section of my blog for regular indicator and trade updates usually prepared on a regular basis usually prior to opening bell.

    Tuesday, AFTER MARKET UPDATE, 2013/03/05

    A. SHORT TERM INDICATORS/SYSTEMS:
    1. elliott PSTT: is now on a BUY signal as it closed above 1520spx on monday,2013/03/04, the last sell short signal was on thursday's, 2013/02/21, close below 1511. s. the PSTT is the most heavily weighted indicator for signaling a change in weekly to monthly wave counts and trend changes.
    2. qqq indicator: +8 (on a scale of -10 to +10) unchanged (need 0 to sell ………and -6 to short. +6 is a buy and remains a buy until 0 is triggered. heavily weighs momentum in unison with smart buyer activity.
    ……….a -6 remains a short until 0 is triggered).
    3. smart money indicator: +3 , up 1 point. remains on sell signal. a -8, once triggered is usually a sell and remains so until a +7 is triggered.
    4. March monthly 2faced longs: + 1.47% profit today. system holds for an entire month.
    5. March monthly 2faced shorts: 0.33% profit today.
    6. weekly 2faced longs, 0.74% loss today. system holds longs for a full week.
    7. weekly 2faced shorts:1.66% profit today.

    i use the weekly 2faced stocks as day trading candidates.

    8. large cap folio +0.80% today.
    9. small cap folio: +0.81% today.

    benchmark:$SPY + 0.90% today.

    B. LONG TERM INDICATORS:
    crash indicator at +6 (updated 4-01) , up 2, versus last friday's +4.next update will be on 2013/03/08. a rare -10 signals a 2008 type of crash. no signs of an upcoming crash.
    all other long term indicators remain on a buy.
    medium term "PSTT" remains on a buy.

    C. TRADES/ALLOCATION:
    changed. 71% invested, 10% short, 61% long.
    see blog for today's trade details. increasing longs on this pullback.

    D. STOCK WATCH:
    SHORT break out watch:
    LONG break out watch: $CACH, $VCLK (broke out monday), $PCYC (broke out monday).

    E. MISCELLANEOUS COMMENTS:
    a BUY signal was triggered monday at the close by the elliott "PSTT" indicator as well as the qqq indicator but a further pullback is still a 30% probability. conservative profit goal for the weekly 2faced folio of longs and shorts will be 1% to 2% per week after commissions, that would be about a 67% return compounded over 52 weeks at a minimum, not bad for a market neutral strategy if it continues to work for me.

    see the "ABOUT" section of the blog for more detailed descriptions of the use of all the above indicators and different trading portfolios.

    follow the comments section of my blog for regular indicator and trade updates usually prepared on a regular basis usually prior to opening bell.

    Mar 08 5:36 AM | Link | Comment!
  • Apple

    short term buy on $AAPL from 424.71 with a 421.04 stop. buy signal based on technical indicators.

    Disclosure: I am long AAPL.

    Mar 07 11:40 AM | Link | Comment!
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