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 |
By Josh Hayes on April 13, 2012
To say today was a surprise would be a total lie. In fact, it is exactly what we expected to happen about three days ago. However, the market decided to stage a lower volume rally just strong enough to take out the HOD of our SELL signal date. This automatically, no matter what, negates the [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 12, 2012
What a nightmare 2012 is turning out to be. This is super unfortunate because it follows a horrific 2011. If you want the definition of impossible it is this tape. These false signals have only been seen one time before on my backtesting of this model and that was 1976-1978. If we go by that [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 11, 2012
Stock indexes managed a low volume bounce today and while I did hear some people out there pronounce that the downtrend is over there is plenty of evidence that suggest they are going to be disappointed in due time. The internals that I track on the indexes and inverse ETFs continue to be all in [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 10, 2012
Today was a decisively ugly session as my short scans exploded (I can’t stress this enough) today! It is too early to be shorting a lot of these stocks. However, there are a lot of short-term extended plays. There should be more than four shorts tonight but I am only listing four. I checked IB [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 10, 2012
The model has switched following today’s price and volume action in the indexes with the heavy breakdowns in stocks everywhere. I am running a little behind as I am just wiped out from this most recent cold I have acquired. Second one this year. I will be back shortly.
Posted in Silver Longs, Silver Shorts |
