Wow, that's 1 of the boldest and scariest of the bearish
opinions I have read lately - can't even hide out in Gold. It seems
there are many people leaning in that extreme
bearish direction now, here and elsewhere. I'm more scared
than usual now.
Sitting short SPY at 100% of single entry system 30
minutes before Fed announcement. Getting a bit
nervous. Guess we learn the short term outcome soon.
How does this work if we sold SPY short last night and they
price out the dividend today? This presents the false appearance in
my account that I am up on the short trade so far, but I suspect I
need to pay back the divident at some point?
I started following that site after reading about it here.
His last 2 calls were losing whipsaws (today's short cover
call ended a 4% loss since Sept 9).
German court will vote Sept 7 on whether EU bailouts are
constitutional. The court is independent from Merkel. If they rule
against the bailouts, the Europe situation will get bad fast!
I hold some PHYS in my IRA, and your warnings prompted me to
hedge via GLD Puts. The gains on my Puts offset half my unrealized
long PHYS losses, so I am pleased to have the Puts (which I just
took profits in) since my PHYS is a long-term hold. Thanks!
Great info on the cross. Please let us know if we get a
confirming candle as I use this crossover to dictate my long-term
investing allocation. Thanks!
I am also eager to see the answer to this question. Since I
always hold some long term investments, I really need some SPY
System shorts during downtrends to hedge my long losses.
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Peter Campbell's View
Peter Campbell's view...
Posted by sethbru on 2nd of Oct 2011 at 12:45 am
Wow, that's 1 of the boldest and scariest of the bearish opinions I have read lately - can't even hide out in Gold. It seems there are many people leaning in that extreme bearish direction now, here and elsewhere. I'm more scared than usual now.
RP, awesome chart. I'm printing
Posted by sethbru on 29th of Sep 2011 at 10:36 am
RP, awesome chart. I'm printing that and posting by my desk.
SPY System Short on Fed Day
Posted by sethbru on 21st of Sep 2011 at 01:44 pm
Sitting short SPY at 100% of single entry system 30 minutes before Fed announcement. Getting a bit nervous. Guess we learn the short term outcome soon.
Shorting before ex-dividend
SPY Trades Ex-dividend Today .6276 Cents
Posted by sethbru on 16th of Sep 2011 at 10:29 am
How does this work if we sold SPY short last night and they price out the dividend today? This presents the false appearance in my account that I am up on the short trade so far, but I suspect I need to pay back the divident at some point?
long-short-timing.com Covered Today at a Loss
Posted by sethbru on 14th of Sep 2011 at 11:47 pm
I started following that site after reading about it here. His last 2 calls were losing whipsaws (today's short cover call ended a 4% loss since Sept 9).
Lowry's
Lowry's issues sell signal today...from Russell
Posted by sethbru on 14th of Sep 2011 at 11:36 pm
I follow Jeffrey Saut (he is very good and level-headed) and he places a lot of value on this Lowry's indicator.
Your post indicates there are
Cotton (CT) futures have gone "Askless" - Huge Bids and 0 Ask!
Posted by sethbru on 7th of Sep 2011 at 12:51 pm
Your post indicates there are potential buyers but no sellers for Cotton futures, which supports your expectation that Cotton prices may rise rapidly.
German court will vote Sept 7
Euro futures breaking down under 1.42
Posted by sethbru on 2nd of Sep 2011 at 01:43 pm
German court will vote Sept 7 on whether EU bailouts are constitutional. The court is independent from Merkel. If they rule against the bailouts, the Europe situation will get bad fast!
Am I the only person
TLT up 2.5%
Posted by sethbru on 2nd of Sep 2011 at 01:07 pm
Am I the only person who finds the visual image of Warren Buffet in a bathtub to be the most disturbing part of that story?
Liesman Summarizing Bernanke Speech - No QE3 Now
Posted by sethbru on 26th of Aug 2011 at 10:04 am
PHYS (Gold Bullion)
Matt, Thanks for the Gold Warnings This Week
Posted by sethbru on 25th of Aug 2011 at 12:09 pm
PHYS is Eric Sprott's gold bullion fund. I like it most of all gold funds since:
1) The gold is in Canada
2) Shares can be redeemed for the physical (if you have enough)
3) After having read much about Eric Sprott, I trust him to hold the physical more than GLD.
4) The premium happens to be quite low now
Note there may be tax implications, so I hold this in my IRA.
Matt, Thanks for the Gold Warnings This Week
Posted by sethbru on 25th of Aug 2011 at 12:01 pm
I hold some PHYS in my IRA, and your warnings prompted me to hedge via GLD Puts. The gains on my Puts offset half my unrealized long PHYS losses, so I am pleased to have the Puts (which I just took profits in) since my PHYS is a long-term hold. Thanks!
Black Cross with Confirming Candle?
Posted by sethbru on 18th of Aug 2011 at 10:22 pm
Hey Matt, Did today's price action put a confirming candle on top of the Black Cross cake?
Hi Matt, Great info on the
50/200 EMA crossover and other crossover systems
Posted by sethbru on 16th of Aug 2011 at 05:17 pm
Hi Matt,
Great info on the cross. Please let us know if we get a confirming candle as I use this crossover to dictate my long-term investing allocation. Thanks!
SPY Short? When?
SPY short?
Posted by sethbru on 15th of Aug 2011 at 11:53 am
I am also eager to see the answer to this question. Since I always hold some long term investments, I really need some SPY System shorts during downtrends to hedge my long losses.
SPY System Record Loss
SPY System Record?
Posted by sethbru on 15th of Aug 2011 at 11:51 am
arthammond,
Misery loves company. I also took a much bigger loss than I imagined, but your $52K loss does top mine by quite a bit. Sorry for all of us.
Prechter on CNBC Earlier Today
Posted by sethbru on 10th of Aug 2011 at 03:59 pm
- Years 2000, 2007, 2011 formed a triple top like the one which ended in 1973 (which I note was the start of stagflation and P/E compression)
- The 3rd major wave decline will extend from late 2011 to 2016
- Stay in cash, short the rallies, and cover on dips
- We will get a "Once in Century" buying opportunity in 2016
- He still thinks gold is a bubble
Renko Helped
Rally
Posted by sethbru on 8th of Aug 2011 at 03:49 pm
OK, the Renko chart did give me a 1 winning short trade today to offset a fraction of my long losses. Thanks for the Renko lesson, Matt!
Renko charts turned down again
Rally
Posted by sethbru on 8th of Aug 2011 at 03:35 pm
Renko charts turned down again
Charles Nenner predicted a week
next support level??
Posted by sethbru on 8th of Aug 2011 at 02:02 pm
Charles Nenner predicted a week ago the low would be 1139. We are there now.
This is worse than the Flash Crash - a more slow and more painful death.