I am starting a new thread for the 4th 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:
- FAS (07/16)
- TQQQ (07/18)
- EDC (07/20)
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-w3.html
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
I just sold my FAS.
ReplyDeleteI sold my TQQQ just now.
ReplyDeleteFinally, I sold my EDC just now.
ReplyDeleteWe liquidated all holdings in our small troop today with some losses of the purchase prices: -9%+ for FAS, -8% for EDC, -%8+ for TQQQ. 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: None
Last Friday's evening star caused today's big damage of the market. In short term, the bear is in control of the market. Medium term becomes flat, and long term is still looking bullish.
Wave count (has been changed):
06/19's high = [A]
06/25's low = [B]
07/03's high = [C].A
07/12's low = [C].B
07/19's high = [C].C
We are in the middle of [C].D -> This scenario is based on the assumption that 07/12's low holds.
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 purchase SPY with the fund of 10% dollar allocation in my big troop at MOC price.
ReplyDeleteWe bought more SPY 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 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 30%
Medium Term - Small troop stock holding: None
It is the third down day today. The market has formed a Three Black Crows candlestick formation. Short and medium terms are bearish, but long term is still bullish. Today's low is significant because: 1. it hits two channel trend lines (one from 06/04 and the other one from 07/12), and 2. it is near the 50% fib retracement (06/04, 07/19).
Wave count (based on the latest purple line with a little bit change):
07/03's high = [A]
07/12's low = [B].A
07/19's high = [B].B
Today's low = [B].C ??? (If it breaks this 50% fib are, next possible stop for [B].C is 1309)
A big wave [C] would take off to north very soon.
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 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 30%
Medium Term - Small troop stock holding: None
We had an inside pin candlestick today. Still, the market is under the pressure of the Three Black Crows in the past three days, but it is also supported by upward trendlines. The overall market sentiment (on most trading forums) has been very bearish since last Friday, so I would rather bet on the bullish side. We have two choices for the bear's ending points: yesterday's low or 1309.
Wave count (based on the latest purple line with a little bit update):
07/03's high = [A]
07/12's low = [B].A
07/19's high = [B].B
07/24's low = [B].C ??? (If that 50% fib area is breached, next possible point is 1309.)
We are in the middle of a big wave [C] to 1429.
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 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 30%
Medium Term - Small troop stock holding: None
We had a big gap up today. The market's price action confirmed that betting on the bullish side was a good idea these days. One thing notable for today's market is Dow's Island Reversal to upside. Alas that our 3X bull ETF positions were washed out on Monday. Glad that we continued accumulating our SPY at much lower price for our long term position. (It proved that our decision of getting rid of 3X ETFs from our trading list was CORRECT!) IF the market is able to follow through the upward movement tomorrow, there will be no cheap price to buy stock afterward!
Wave count (based on the latest purple line with a little bit update):
07/03's high = [A]
07/12's low = [B].A
07/19's high = [B].B
07/24's low = [B].C
We are in the middle of a big wave [C] to 1429.
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 purchase more TLT with the fund of 10% dollar allocation in my big troop at MOC price.
ReplyDeleteWe bought more TLT today. The following explains my portfolio as of today's close:
ReplyDeleteLong Term - Big troop dollar amount allocation:
- TLT 35% (10%-04/10, 15%-05/01, 10%-07/27)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 20%
Medium Term - Small troop stock holding: None
The market gapped up and closed as a long hollow red candlestick with significantly high volume. The market has said everything itself - there will be no cheap price to buy stock in the near future! Our strategy should be buying dips, and DO NOT short the market!
Wave count (based on the latest purple line with a little bit update):
07/03's high = [A]
07/12's low = [B].A
07/19's high = [B].B
07/24's low = [B].C
We are in the middle of a big wave [C] to 1429.
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!