no time

I continue to miss making trades near the close and have little time to keep this updated. I'll take another stab at this during the spring. In the meantime I do not plan to reset my updown account....

Closing out today

Reaction to today's jobs number has the market firmly under the magic 900 level. I'm closing my short in just a few once the opening move down is exhausted.

The main reason for not remaining in is that we're at the end of my intermediate down cycle. The plan for today is to go long near the close as Monday is expected to be an intermediate low.

Edit: I didn't get in at the close Friday, just didn't have time. I'll look for a good entry Monday morning.

Reduced my position

Well things are progressing nicely. So far the SP500 is down nearly 30 points and coming up on the 900 level. 900 should be fairly stout resistance I've reduced my positions by about 50% locking in some nice gains.

I still need to update my result sheet.

I've been too busy lately to keep this up to date. My Updown account is recovering from my earlier blown trade. It's in the last few days of a long trade.

Next trade is to sell on the close today. I expect Monday (5 Jan) to be a high.

Happy New Year!!

Going Short

Next week projects a trend reversal on the both weekly and daily charts. I've shorted with my new usual suspects.

SDS
DXD
BGZ
TZA

I'll update the tracker with the entry points once I have the fills.

Closed Longs.

Well I've closed the long trade scheduled for 12/13 Nov. I jumped the gun and tried to pick a bottom around 900-910 on the SP500. The 2 day jump cost me dearly. Next time I'll stick to the plan. My loss was magnified since I went all in w/ leveraged ETFs.

If I'd stuck to the plan, I would have at least broken even w/ a possibility of a 5% profit. Live and learn.

Bought some oil - USO

I think oil's run is nearly done and is a bit overdone. I've bought some USO as a fairly longterm play.