I am starting a new thread for the 2nd week of June. The following lists my positions as of last Friday:
Long Term - Big troop dolloar amount allocation: TLT 75% cash 25% (no change)
Medium Term - Small troop stock holding: SPXU
If you have any question about short term trading or FX/Futures trading, please PM.
My Trade for last week:
http://perfectew.blogspot.com/2012/06/my-trade-2012-06-w1.html
I am going to sell SPXU at MOO price.
ReplyDeleteBot TQQQ.
ReplyDeleteI'll use MOC price to buy SPY for 10% dollar allocation in the big troop.
ReplyDeleteWe sold SPXU that was bought last Friday with 2%+ loss of purchase price. We also bot TQQQ and SPY today. The following explains my portfolio as of today's close:
ReplyDeleteLong Term - Big troop dolloar amount allocation: TLT 75%, SPY10%, cash 15%
Medium Term - Small troop stock holding: TQQQ
The market has been following the scenario-1 (see last week's My Trade comments) with a brief touch of 1335 and then a sharp reversal. If the scenario-1 is the one that the market is going to take, wave-1 up has finished, and wave-2 is underway. This wave-2 pullback is going to form the right shoulder bottom of the Inverse Head and Shoulders (left shoulder - 05/18, head - 06/04), so it is the good opportunity to establish long position in the end of wave-2. (Note that this scenario will be invalid if the market falls below the head).
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I will sell 1/3 TLT if it falls below the low of 06/07/2012.
ReplyDeleteBot FAS with the fund in my small troop.
ReplyDeleteI'll buy more SPY with the rest of cash in my big troop at MOC price.
ReplyDeleteWe bought FAS this morning and more SPY this afternoon. The following explains my portfolio as of today's close:
ReplyDeleteLong Term - Big troop dolloar amount allocation: TLT 75%, SPY25%, cash 0%
Medium Term - Small troop stock holding: TQQQ, FAS
The bullish scenario-1 (see last week's My Trade comments) is still working and looks so far so good. With this scenario, we don't know if wave-2 has finished or not. It could end at the dip this morning if the wave-2 is a simple correction. It might have another leg down if the wave-2 is a complex correction (abc mode). We will continue buying SPY either way. Right now the possible Inverse Head and Shoulders (left shoulder - 05/18, head - 06/04) seems to be the preferred one for us to play with. The neck line of this pattern is Monday's high (1335-ish). A breakout of the neck line will confirm this pattern and fuel a surge to challenge 1375-1400 area. (Note that this scenario will become invalid if the market falls below the head).
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
No trade for medium- and long-term position today. The following explains my portfolio as of today's close:
ReplyDeleteLong Term - Big troop dolloar amount allocation: TLT 75%, SPY 25%, cash 0% (no change)
Medium Term - Small troop stock holding: TQQQ, FAS (no change)
The market washed up-and-down back-and-forth three times today. Our bullish scenario is still a good one. If the wave-2 of this scenario is a simple correction, we can label wave-3._1 for the rise from yesterday's low to today's high. In this case, the market tomorrow will have a high open and a surge all the way to close. If the wave-2 is a complex correction (abc mode), we will have a good opportunity to buy dip tomorrow. The near term target for this bullish view is: 06/19/2012 and 1374. (Note that this scenario will become invalid if the market falls below the head - 06/04/2012's low).
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
No trade for medium- and long-term position today. The following explains my portfolio as of today's close:
ReplyDeleteLong Term - Big troop dolloar amount allocation: TLT 75%, SPY 25%, cash 0% (no change)
Medium Term - Small troop stock holding: TQQQ, FAS (no change)
The market had a high opening and went higher (close to what we expected yesterday ... not that super strong though but still good enough). Today's upward move came with significantly higher volume, which was a healthy sign for the bulls. Today's candlestick left a gap unfilled between day low and prior close. It would not get filled at least for 2 weeks. Tomorrow we most likely will have a breakout day, moving toward the near term target of this bull run: 06/19/2012 and 1374. If the wave-2 is a complex correction (abc mode), we will have a good opportunity to buy dip tomorrow. (Note that this scenario will become invalid if the market falls below the head - 06/04/2012's low).
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
I am going to sell 1/3 of TLT holding at MOC price. I am going to purchase EEM with the same amount allocation in my big troop at the MOC price.
ReplyDeleteWe sold some TLT (bot on 06/07/2012) with minial profit (1%) and bought EEM at MOC today. The following explains my portfolio as of today's close:
ReplyDeleteLong Term - Big troop dolloar amount allocation:
- TLT 50% (10% on 04/10, 15% on 05/01, 10% on 05/09, 15% on 05/10)
- SPY 25% (10% on 06/11, 15% on 06/12)
- EEM 25% (06/15)
Medium Term - Small troop stock holding:
- TQQQ (06/11)
- FAS (06/12)
The market has gone up as what we expected. SPX penetrated previous high with huge volume. NASDAQ has not yet but is ready. It did not close as long solid red candlestick, for it was the Option Expiration Date for June (big month). In the end, the market closed at the max pain price, which limited the market from going up. Since we have been looking foward to seeing a breakout, next Monday should be the date. Next Monday, we will probably see a breakaway gap on NASDAQ and RUT to take out the neckline. Our short term target for this bull run is: 06/19/2012 and 1374. Buy dip if we are lucky to have a wave-2 in abc mode. (Note that this scenario will become invalid if the market falls below the head - 06/04/2012's low).
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!