By Josh Hayes on February 29, 2012
Our Market Timing Model has switched from BUY to a NEUTRAL signal following the action in the indexes, individual stocks, and ETFs the past two sessions. Multiple issues in technical indicators showing massive negative divergence has us acting quicker than normal on this model switch. The market will have to prove itself via price and [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on February 28, 2012
Today was a near 2% divergence today from my margin accounts to the Nasdaq today (Nasdaq +0.69%, my margin account -0.97%). This, along with the past eight of nine trades being total duds with no immediate follow through, is going to cause me to pullback even greater. No position will be over 2% of account [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on February 27, 2012
My friend has family in from Michigan and I have to do the usual tour guide thing. Therefore, this site will be updated late tonight but will be fully updated by tomorrow morning for eastern time zone individuals and by 10pm for the west coast tonight. Minimum. I also missed my PEIX limit and watched [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on February 25, 2012
Friday was a tight ranged trading session with a hint of intraday weakness. That weakness was supported in the final two hours which led to stocks finishing basically unchanged. Overall, not bad. It was not good and it was not bad. That is the best way to describe the action on Friday as volume was [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on February 23, 2012
I apologize for the late update. I have had a powerful ugly cold all week long and it hit me with a ton of bricks today. It’s been a very rough day as my head feels like it is going to explode. However, I got the scanning done finally and am sad to say I [...]
Posted in Silver Longs, Silver Shorts |
Bernanke speaks as stocks reverse hard closing out the Month
By Big_Wave_Trader on February 29, 2012
Big volume throughout the day signal a distribution day across the market making the count up to four for the NASDAQ. Four distribution days is certainly a cause for concern and after today’s reversal on big volume it does call into question if a correction is on the horizon. Market pundits certainly had a field [...]
Posted in Commentary | Leave a response