2012-05-27

My Trade - 2012-05-W5

I am starting a new thread for the 5th week of May.  The following lists my positions as of last Friday:

Long Term - Big troop dolloar amount allocation: TLT 50% cash 50% (no change)
Medium Term - Small troop stock holding: EDZ, FAZ, TZA (no change)

If you have any question about short term trading or FX/Futures trading, please PM.

My Trade for last week:
http://perfectew.blogspot.com/2012/05/my-trade-2012-05-w4.html

12 comments:

  1. I will take profit and sell my stock if the price falls below the low of last Tuesday (05/22/2012).

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  2. Bot SQQQ at market opening.

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  3. So the TZA (bot on 05/14/2012) got stopped out at the market open, with less than 2% profit of the price.

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  4. So my FAZ (bot on 05/09/2012) got stopped out just now, with about 11% profit of the price.

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  5. So my SQQQ (bot this morning) got stopped out too, with minimal 1% loss of the price.

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  6. So my EDZ (bot on 05/08/2012) got stopped out too, with about 20% + profit of the price. :)

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  7. I have quit most of of my bear positions with big win! The following explains my portfolio as of today's close:

    Long Term - Big troop dolloar amount allocation: TLT 50% cash 50% (no change)
    Medium Term - Small troop stock holding: NO POSITION

    The market took over last Friday's reversal bar which indicated a strongly bearish view was no longer valid. The market is moving higher to find the lower high (of previous high on 05/01/2012) this week. Since we have had a lower low (05/21/2012), we are waiting for the lower high to short the market again. Be patient! The bear run is far from over! DO NOT buy any dip!

    If YOU ARE FOLLOWING MY TRADE. PLEASE JOIN MY BLOG AS A FOLLOWER, SO I WILL BE MORE MOTIVATED TO WRITE. THANKS!

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  8. No medium or long term trade today. The following explains my portfolio as of today's close:

    Long Term - Big troop dolloar amount allocation: TLT 50% cash 50% (no change)
    Medium Term - Small troop stock holding: NO POSITION (no change)

    The market was weakening again today, closing at day low with a solid outside bar - very bearish price action. TLT gapped up and surged with heavy volume. As we mentioned before, our target for TLT was 140. Again, the bear run is far from over! DO NOT buy any dip!

    PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL CLOSE THE DOOR AND MAKE THE BLOG AS A PRIVATE CLUB ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!

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  9. Congratulations on your TLT holdings at 52W high again and again. 77% short interest in TLT may add some fuel to it?

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    Replies
    1. I used to pay a lot of attention on the short interest (for stock) or the COT Report (for futures) but not any more. All are priced-in in the market behavior and the price action! Obviously TLT is short squeezing now, and this kind of price action happens to every stock and futures contract at the end of a climax. I am still seeing 140 as my target. We don't need to worry too much and care too much about this and that because Taoist says, "The essence is consistent with the nature." (道法自然).

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  10. No medium or long term trade today. The following explains my portfolio as of today's close:

    Long Term - Big troop dolloar amount allocation: TLT 50% cash 50% (no change)
    Medium Term - Small troop stock holding: NO POSITION (no change)

    The market set the new low of this week today, closed as a long legged doji (long pin) after volatile washes on both sides. As we know that last week's low was a very critical point in TA perspective (50% and long term up trend channel), it was hard to get it penetrated in the first try. Today's low tested that area as the third try (2nd try - 05/23/2012). There is a Chinese saying that goes like this: Nothing Should Occur More Than Three Times (事不過三). Therefore, next time if the market wants to test that area, it will break!

    TLT gapped up again and surged with heavy volume. Out target for TLT is 131 before August or 146 before October. We will start unloading depending on what the momentum says. Again, the stock market's bear run is far from over! DO NOT buy any dip!

    PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL CLOSE THE DOOR AND MAKE THE BLOG AS A PRIVATE CLUB ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!

    ReplyDelete
  11. No medium or long term trade today. The following explains my portfolio as of today's close:

    Long Term - Big troop dolloar amount allocation: TLT 50% cash 50% (no change)
    Medium Term - Small troop stock holding: NO POSITION (no change)

    We have expected this, and it did happen today - the market gapped down with a big hole and closed at day low as a solid black candlestick - very bearish! No more need to be said, and I knew that you would be glad to be in our loop. Even though we miss out the big moves of those bear ETFs this run (we made a big profit last run), we are still happy that our TLT performs very well! It gapped up again and surged with heavy volume. Since the momentum of this TLT upward move has been so strong, our target should focus on reaching 146 by October. Again, the stock market's bear run is far from over! DO NOT buy any dip!

    If you haven't read my old posts yet, here is one that might interests you:
    (20091031 What Happened in 1987)
    http://perfectew.blogspot.com/2012/05/20091031-what-happened-in-1987-from-my.html

    PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL CLOSE THE DOOR AND MAKE THE BLOG AS A PRIVATE CLUB ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!

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