OK, for those of you who might have been scratching your heads as to why I was trading against my signals leaving a bit on the table during the pullback, take a look at our current positions and returns:
Trades we entered early (last week for most):
FCX up 1.52%, GOLD up 135.25% (or 14.7% from when I urged those not in to get in), F up 1.07%, DPTR, down 4.44%, Nasdaq up 5.43%, FDX up 1.97%, Navr up 7.49%
For those trades entered this week:
SPY JUL 134 calls up 43.86%, TNA up 7.57%, BGU up 7.8% , FAS up 2.72%
Here’s the full table:
I don’t hear much from you guys, I hope you’re catching most if not all of these runs. Until I say otherwise, the risk remains on the downside, so if I’m going to miss a trade it will be a pullback.
Every index except the Financials has moved to LONG/BUY as I knew they would based upon my key indicator moving to buy yesterday. Let’s enjoy this ride.
I have to run to a birthday party, have a good night!
Yes, we are a quiet bunch. I’m in the Ford trade and the FAS trade. Both positive. Your option trade is a real flyer but I didn’t take it. Let the Fun begin.
Tony if you can, you’d be better served to take smaller positions in more trades. i’d hate to see people cherry pick the trades and end up on the shorter end of returns
Good advice – thanks. I could have spread that 2000 shares of Ford around a few more picks.
GREAT JOB Alpha!! I also cherry pick trades that match my analysis to yours. Looks to me like we are on our way to 1400/1450 S&P. I am also surprised that more people don’t make more comments on this site. YOU really do a GREAT JOB!!! THANK YOU!!!
Thanks for the great job. I check many times a day for updates. Already paid a couple of times over for my years subscription.
Alpha, great calls, impressed as always, many thanks. I am currently sitting on UWM (2x analogue to TNA), BGU, QLD, F. Taking more trades is difficult due to account size and the 3-day fund settlement rule. However I cannot agree more that diversifying clearly helps a lot. Well, learning, learning.. Your blog is a really great place to learn.
I have a strange question to ask here, if I may. I noticed that some price data on stockcharts is different from what’s on google finance or yahoo finance. Does anybody have any idea why? For example, look at February 7 of this year daily candle. On google finance it is 131.44, 132.40, 131.43, 131.97 ohlc, while on stockcharts this same candle is between approximately 130.8 and 131.8. I don’t understand.
Sorry, I already found the answer, stockcharts adjust their historical data to account for splits, dividends, etc. So strictly speaking stockcharts historical data is incorrect.