3/8/2010: As we continue to lighten our longs and tighten our stops–We feel we have a much better chance of seeing 50 points down in the SPX before we see even 30 points up. (11:33am)
March 8, 2010, Posted by ttbm at 11:35 am
Related posts:
- 3/18/2010: As we enter the “Transition Stage” in the markets, A few thoughts come to mind… No Big mistakes (tight stops) and Patience,Prudence and Discipline are always the key. We will continue to lighten our longs and expand our shorts. (12:40pm)
- 3/31/2010: In this holiday shortened week as we watch the grass grow on Wall Street. Our feeling is that we will work slightly higher toward the top of the range $SPX 1185. We feel comfortable with our balanced approach in our portfolios. Our feeling has not changed concerning the market. We’ll continue to lighten longs and add shorts as we see fit. (1:50 pm).
- 3/16/2010: Trader feel: We have rallied as expected, now we take a closer look… With Gold, Crude and the A-D volume at 4-1 we would have expected to see better market action. Add in the weakness in China related names and we question just how sustainable this rally will be. Though we continue to think a shade higher, we are on the verge of a major trend change. Our strategy is to tighten stops and sell on any further strength. (12:07 pm)
- 3/3/2010: As we see the dollar weaken and the SPX rallies, we will start to lighten some of our longs. Though we feel the market is still heading higher, after looking at our COT data and EW work, this is prudent. (11:22 am)
- 3/23/2010: As the market churns higher, and the rally brings the SPX toward 1172. We would anticipate a bout of profit taking, bringing us toward the SPX 1165-1168 area. We are continuing to lighten our longs into strength. ( 2:20 pm).
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