I am starting a new thread for the 3rd week of June. The following lists my positions as of last Friday:
Long Term - Big troop dolloar amount allocation:
- TLT 50% (10%-04/10, 15%-05/01, 10%-05/09, 15%-05/10)
- SPY 25% (10%-06/11, 15%-06/12)
- EEM 25% (06/15)
Medium Term - Small troop stock holding:
- TQQQ (06/11)
- FAS (06/12)
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-w2.html
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 50% (10%-04/10, 15%-05/01, 10%-05/09, 15%-05/10)
- SPY 25% (10%-06/11, 15%-06/12)
- EEM 25% (06/15)
Medium Term - Small troop stock holding:
- TQQQ (06/11)
- FAS (06/12)
Today's low open served as the corrective wave of the upward implusive wave since last Wednesday. We could label the downward move before 10 AM as wave-III.4. (Note that the market often breaks out a resistance with the third wave of an implusive wave structure.) Tomorrow hopefully, Russell 2000, the weakest index today, can catch up with the momentum of other indices, by showing a decisive breakout or a breakaway gap on the neckline (with wave-III._5). Our short term target for this bull run is: 06/19/2012 and 1374. Buy dip if we are lucky to have the wave-4 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!
I bot some TNA just now with the fund in my small troop.
ReplyDeleteWe bought some TNA today. The following explains my portfolio as of today's close:
ReplyDeleteLong Term - Big troop dolloar amount allocation:
- TLT 50% (10%-04/10, 15%-05/01, 10%-05/09, 15%-05/10)
- SPY 25% (10%-06/11, 15%-06/12)
- EEM 25% (06/15)
Medium Term - Small troop stock holding:
- TQQQ (06/11)
- FAS (06/12)
- TNA (06/19)
The market has been moving up as what we expected since last week. Russell 2000 also broke out the neckline (05/29's high) of the Inverted H&S bottom with decent volume and closed above the neckline. The bull run looks health, so we continue looking at our target: 06/20/2012 and 1374.
Wave count:
Today's high = III.3
Now we are probably in the middle of III.4 and looking forward to seeing a III.5 tomorrow.
(Note that this scenario will become invalid if the market falls below the right shoulder - 06/12/2012's low).
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
Should the price of TLT fall below 06/13's low, I will sell some TLT holding.
ReplyDeleteSo I sold 1/2 of my TLT holding. I don't know what was going on with my desktop computer or this blogspot website. My screen freezes very often when I access blogspot, and that was what happened just now when I was about to post. Now I am on a different computer, and so far it did not seem to have problem.
ReplyDeleteToday we sold 1/2 TLT (bought on 05/09 and 05/10) with around 5% small profit. The following explains my portfolio as of today's close:
ReplyDeleteLong Term - Big troop dolloar amount allocation:
- TLT 25% (10%-04/10, 15%-05/01)
- SPY 25% (10%-06/11, 15%-06/12)
- EEM 25% (06/15)
- Cash 25%
Medium Term - Small troop stock holding:
- TQQQ (06/11)
- FAS (06/12)
- TNA (06/19)
The market's pulling back today was a test of the neckline of the Inverted H&S bottom for Russell 2000. The near term target for this bull run is at around 1374.
Wave count:
Yesterday's high = III.3
Now we are still in the middle of III.4 and looking forward to seeing a III.5 tomorrow.
(Note that this scenario will become invalid if the market falls below the right shoulder - 06/12/2012'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 25% (10%-04/10, 15%-05/01)
- SPY 25% (10%-06/11, 15%-06/12)
- EEM 25% (06/15)
- Cash 25%
Medium Term - Small troop stock holding:
- TQQQ (06/11)
- FAS (06/12)
- TNA (06/19)
Today's long solid black candle pierced back into previous Inverted H&S bottom and closed below the neckline. That was a very negative price action because anything above the neckline got trapped. Furthermore, that the scenario of an impulsive wave structure to north got screwed. If we cannot get a good reversal candle tomorrow to stop this falling price, we will need to roll back to a very negative wave count for the long term view - SPX 960.
Wave count (for the bulls):
06/19/2012's high = [[C]].[A]
Now we are in the middle of [B] and looking forward to seeing a reversal at 50% (1315) area tomorrow.
(Note that this scenario will become invalid if the market falls below the right shoulder - 06/12/2012'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 25% (10%-04/10, 15%-05/01)
- SPY 25% (10%-06/11, 15%-06/12)
- EEM 25% (06/15)
- Cash 25%
Medium Term - Small troop stock holding:
- TQQQ (06/11)
- FAS (06/12)
- TNA (06/19)
Today's low volume inside bar rebound did not signal that the market has come out of the woods yet. Even though it did not seem to be bottomed, the good thing was that yesterday's low held. We need a strong long hollow candle (大長紅) surge to offset yesterday's selling power.
Wave count (for the bulls):
06/19/2012's high = [[C]].[A]
Now we are in the middle of [B]
(Note that this scenario will become invalid if the market falls below the right shoulder - 06/12/2012's low).
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!