I am starting a new thread for the 3rd week of July. The following lists my positions as of last Friday:
Long Term - Big troop dollar amount allocation:
- TLT 25% (10%-04/10, 15%-05/01)
- SPY 35% (10%-07/05, 15%-07/06, 10%-07/11)
- Cash 40%
Medium Term - Small troop stock holding: None
If you have any question about short term trading or FX/Futures trading, please PM.
My Trade for last week:
http://perfectew.blogspot.com/2012/07/my-trade-2012-07-w2.html
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
I bot some FAS with the fund in my small troop just now.
ReplyDeleteWe bought some FAS today. The following explains my portfolio as of today's close:
ReplyDeleteLong Term - Big troop dollar amount allocation:
- TLT 25% (10%-04/10, 15%-05/01)
- SPY 35% (10%-07/05, 15%-07/06, 10%-07/11)
- Cash 40%
Medium Term - Small troop stock holding:
- FAS (07/16)
The market closed as a doji inside bar today, showing hesitation and consolidation. Today's low is 1348, but we don't know if the market will test 1345 tomorrow before moving further north. The observation should be focused on Friday's high to signal the completion of wave-2.
Wave count (based on the latest purple line wave count):
06/19/2012's high = [A]
07/12's low = [B]
07/13's high = [C].I.1
Today's low = [C].I.2 -> Tomorrow will be wave-I.3 a long red hollow candlestick!
(Note that this scenario becomes invalid if the market shows a 5-wave down movement.)
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 dollar amount allocation:
- TLT 25% (10%-04/10, 15%-05/01)
- SPY 35% (10%-07/05, 15%-07/06, 10%-07/11)
- Cash 40%
Medium Term - Small troop stock holding:
- FAS (07/16)
After gapping up open, the market violently washed back and tested 1345. The market then quickly moved up and penetrated 07/10's high. It closed as a standard hanging man candlestick formation, so we cannot rule out the possibility that the market could wash one more time tomorrow.
Wave count (based on the latest purple line wave count):
06/19/2012's high = [A]
07/12's low = [B]
07/13's high = [C].I.1
Today's low = [C].I.2 (This wave-2 is in an irregular correction format.)
Tomorrow: If it gaps up to open, we will see wave-I.3 a long red hollow candlestick!
Tomorrow: If it gaps down to open, today's low will be breached.
(Note that this scenario becomes invalid if the market shows a 5-wave down movement.)
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
If QQQ goes above 64.52, I will purchase some TQQQ with the fund in my small troop.
ReplyDeleteIf IWM goes above 81, I will buy some TNA with the fund in my small troop.
I am home. Give me few minutes to take a look what's going on this afternoon.
DeleteI was away this afternoon. I saw that my TQQQ order was filled. Everything looked good.
DeleteWe bought TQQQ today. The following explains my portfolio as of today's close:
ReplyDeleteLong Term - Big troop dollar amount allocation:
- TLT 25% (10%-04/10, 15%-05/01)
- SPY 35% (10%-07/05, 15%-07/06, 10%-07/11)
- Cash 40%
Medium Term - Small troop stock holding:
- FAS (07/16)
- TQQQ (07/18)
The market's open was inside yesterday's real body, so the danger of yesterday's hanging man candlestick was no longer effective. We had a mid-long red hollow candlestick today. The bull is in control of the market. Tomorrow we shall see a breakthrough above 07/03's high.
Wave count (based on the latest purple line wave count):
06/19/2012's high = [A]
07/12's low = [B]
07/13's high = [C].I.1
07/07's low = [C].I.2
We are in the middle of [C].I.3, and another red hollow candlestick is expected tomorrow!
(Note that this scenario becomes invalid if the market shows a 5-wave down movement.)
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 dollar amount allocation:
- TLT 25% (10%-04/10, 15%-05/01)
- SPY 35% (10%-07/05, 15%-07/06, 10%-07/11)
- Cash 40%
Medium Term - Small troop stock holding:
- FAS (07/16)
- TQQQ (07/18)
The market closed above 07/03's high as a small doji - an hesitation sign. The upward momentum was not strong enough today, so a dip would be possible tomorrow. The timing of a possible short term peak is these two days (today or tomorrow), while the bull is still lin control of the market. For tomorrow, buy if the market dips, or (optionally) buy again if the market surges.
Wave count (based on the latest purple line wave count):
06/19/2012's high = [A]
07/12's low = [B]
07/13's high = [C].I.1
07/07's low = [C].I.2
Today's high = [C].I.3
We are in the middle of [C].I.4, and we could see a new high tomorrow for [C].I.5.
(Note that this scenario becomes invalid if the market shows a 5-wave down movement.)
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
I bought EDC just now with the fund in my small troop.
ReplyDeleteFAS is getting weaker and weaker today. I am going to set a stop order to protect my FAS. The low of 07/12 is a 0.382 fib area, so I will sell my FAS if XLF falls below 07/12's low.
ReplyDeleteWe bought EDC today. The following explains my portfolio as of today's close:
ReplyDeleteLong Term - Big troop dollar amount allocation:
- TLT 25% (10%-04/10, 15%-05/01)
- SPY 35% (10%-07/05, 15%-07/06, 10%-07/11)
- Cash 40%
Medium Term - Small troop stock holding:
- FAS (07/16)
- TQQQ (07/18)
- EDC (07/20)
The market went down with a gap unfilled. We don't know if it is just a dip or a heading south. Yesterday's doji looks like an evening star now. In short term, the bear is in control of the market, while the medium and long term are still looking bullish.
Wave count (based on the purple line wave count):
06/19/2012's high = [A]
07/12's low = [B]
07/13's high = [C].I.1
07/07's low = [C].I.2
07/19's high = [C].I.3
We are in the middle of [C].I.4. If next Monday the market does not go up for [C].I.5, the bull is in trouble.
(Note that this scenario becomes invalid if [C].I.2 is erased.)
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!