By Josh Hayes on April 26, 2012
This push higher returns the market model back to a BUY signal. However, it is very much a cautious BUY signal due to the overall volume and previous false signals. I will be working only a 5% positions in XHB. The lower than average weekly volume combined with slightly higher than average daily volume and [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 25, 2012
Do you know nothing is working that should be working? I don’t either. Great chart patterns or good chart patterns blow up and horrible choppy patterns breakout and keep going. I don’t know what is going on out there but I have a feeling that this is what the market wants to do to knock [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 24, 2012
Just got back from a boat trip with the girlfriend. Maui really is unbelievably beautiful from the ocean. This should be my last late post for a while. Thank you everyone for allowing me to spend some early day time with my girlfriend before she went back to work for another week. Anyways, today was [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 23, 2012
I was out teaching 4 people that work with Jill surfing lessons today. My apologies for the late post. Thanks to FONR I am back to trading scared. Wonderful. If it isn’t High Frequency Trading, the Fed, or Europe, it is something else. Today, it was the pre-market session which I f*cking hate more than [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 20, 2012
Today was indeed confirmation of the SELL signal, in the Nasdaq. However, overall, it was not enough for me to say “let’s push all-in here!” We still need to see a day where the whole market sells off on convincing volume before I go 100% into any one inverse ETF or go short 10-20% of [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 19, 2012
It was yet another distribution day for the Nasdaq and with it closing below the 50 day moving average that now puts us back into a SELL signal. This QE/Fed manipulated market has really f*cked up the accuracy of these signals. But like I told you following the last signal that led to the NEUTRAL [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 18, 2012
Jill returns to Maui today and I need to pick her up at the airport in a little bit. We are going to spend the day with each other so I will only have a light update when I do return. This market is on its last legs, unless the QE machine comes rushing back [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 17, 2012
OK so while we have to go to NEUTRAL by default, thanks to our cut loss/fail safe methodology, it does not mean that we are still not under an overall SELL situation. So, for now, we are in NEUTRAL. However the model in no way shape or form wants to turn higher outside of AAPL. [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 16, 2012
The market model is back into a SELL mode but as we have learned post-October 2011 it is dangerous to go all-in on the short side here based on this signal. I will be moving much slower than normal only investing up to 20% of the IRA in TYP and 20% of the margin account [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 16, 2012
No surprises there. That is exactly what we expected would happen today. Good to see some normalcy returning even if it is in spades. GOOG followed through on the late stage base failure, AAPL followed PCLN rolling over at super extended levels, CANSLIM stocks continue to weaken, all of our shorts are working (SUSQ is [...]
Posted in Silver Longs, Silver Shorts |
