By Josh Hayes on May 23, 2012
The market model remains under a SELL signal but it is one big up day away from changing back to NEUTRAL to a potential BUY signal. Cash is king. I said last week I expect it to get choppy and here we are. Today was a bit shocking but not really as I understand the [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on May 22, 2012
It was a volatile day today for stocks as major market indexes ended mixed with the Nasdaq producing another technical distribution day. Overall, there was absolutely no follow-through to yesterday’s bounce and many breakouts from yesterday (like CBRL) were slammed like so many recent breakouts (like AZO ABMD). On top of that the two safety [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on May 21, 2012
Well it was nice being in the black for one day. The accounts are now back to being down anywhere from 2-4% after one massive relief bounce today. The power of this bounce forces me to pair back current inverse ETF holdings from anywhere from 25-50% depending on how volatile they are. This market is [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on May 19, 2012
Friday was another ugly day for the stock market as a combination of options expiration and Facebook made for a very heavy volume session. The thing that most stood out on Friday was Facebook at 38. Watching this stock crash to that level and just be held there early in the day was pretty interesting [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on May 17, 2012
OK. I just finished my short scans and all I have to say is OH MY GOD. So we are very oversold here and thus is the reason I am not pushing 10% in my short signals tonight in the stocks that I am making 5%. It is also the reason I am not making [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on May 16, 2012
It was another above average volume selloff and it was also another distribution day for the stock market. Overall, not good at all. We are short-term oversold and a bounce to the 50 day moving average sure wouldn’t surprise me here. What does surprise me here is that I had a conversation with a trader [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on May 15, 2012
First thing first, ACFN became available at IB and I got short the stock. So that is good news there. Second, the market sold off today on above average volume on the SP 500 and Nasdaq. If all this above average volume distribution does not point to the direction the market wants to go I [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on May 14, 2012
I have been at this desk too long. I am going for a surf session but will be back in a couple of hours to completely update the site. As of now, ACFN is not available at IB so I will probably only have two short positions but we will see by tonight if that [...]
Posted in Silver Longs, Silver Shorts |
Big Wave Trading Portfolio Update And Top Current Holdings
By Josh Hayes on May 19, 2012
“I did not for one moment consider abandoning my chief defensive weapon—the stop-loss order. No matter how well built your house is, you would not think of forgetting to insure it against fire.” -Nicolas Darvas “Remember, the market is designed to fool most of the people most of the time. Sometimes, the market will go [...]
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