Short signals from last week closed out on the dip in the first hour today.  SPY for example exited at $139.05.  Was worried this wouldn't play out but seems ok now. My comprehensive SPY strat is still short though, so I'm keeping a few longer-dated puts on SPY just to see where that goes.

Comprehensive strategy on SPY has also gone short now (joining the RSI onslaught of short signals from last week).  Scary since if this trade is wrong, it triggers a mistake on both strategies now. :p

As expected, tentative short on SPY also showed up now on reversion-based strategy.  Will watch the close to make sure it holds before acting on it.

Picked up a short signal on XLP via RSI.  It is the only short signal on any of the sectors/etfs though.  I'm guessing we see a gradual rotation of long positions to short over the next few trading days but just a guess on that part.

Great open today.  Planning on exiting DIA and XLU calls from RSI2 last Thursday some time today.



No exit signal for SPY calls from my comprehensive strategy yet but we'll see what happens end of day.

Looks like technicals predict the future again - 1 day before Congress announces "optimism"
Same thing happened with ECB in the summer, QE3, first unemployment number below 8%, etc.

Comprehensive SPY strategy has covered and gone long using the 135 support (so likely just expecting a bounce).  It can still change depending on the market close today, but just a heads up.  Timing is quite interesting - DIA and a few others have also triggered RSI2/Market-Bottom buy signals, not to mention the holiday rally usually starts around this time.  These are all <80% hitrate signals though, keep in mind.

Edit: Signal confirmed at close.

Lots of new lower trendline breaks following new lows on SPY.
Watch the close to make sure the signals hold though.
Unfortunately too busy with midterms here to trade them.

Comprehensive strategy added more short on SPY this past Friday.  I was out of town all weekend so I only just saw it.  Getting interesting since it seems to be coming out of the gate quite strongly (first live trade in October) and coincides with the onslaught of recent trendline short signals.

Every short signal I've been getting the last couple weeks basically played out.  Need to really take myself out of the picture and stop interfering with the trades.  Updated charts on the ones I posted before:
IWM Trendline Break from Oct.26

IWO Trendline Break from Oct.26

SPY Short via Comprehensive Strat from Oct.25


Just a ton of more trendline short signals today on the scans.  As usual, have to watch the close near end of day to confirm breaks, but just very disappointed at the moment.  Probably going to just stay on the sidelines until I have more time to actually watch the markets (lot of midterms + projects these few weeks until Thanksgiving).

GNW calls currently at $.30 from $.20; going to get out at either a break below $6.08 or a test of $6.60.

Picked up Dec. 45x calls on PCAR at $1.70

Out of DIA calls at $1.82 from $1.70
ALXN puts finally playing out; stock is at $93 from $95 call initial post.

DIA from a week back:


The lower trendline breaks on IWM/IWO last Friday that didn't hold into close ended up breaking anyway.  Picked up IWM Nov 81x puts at $1.40

This SPY signal was actually generated Friday, so I'm definitely noticing this one a bit late.  However, this strategy is the most comprehensive of the 3 I currently have, using all the indicators I know instead of just being led by either Trendlines or RSI.  The significance is that this strategy has not made a trade since June (long) when I first wrote it, so it's basically the first trade it's making since it was born. :O I'm very confused though why it shorted at such a low point; will be watching closely to see how it performs in real life now.


Altogether a very confusing past week for me so far.  We basically had short signals from support trendlines breaking across the board on the S&P individual stocks and on several sector indicies but at the same time, a few select indicies were oversold and marked as long for the RSI-driven strategy.  The addition of this third more complex strategy also weighing short on the SPY itself just makes me more confused.

More support breaks just now. Only valid if we don't rally back up into close of course.

Picked up Nov 31x calls on DIA at $1.70.  Oversold + bottom signal recently.  Only thing is I'm not sure how well the signal works for this symbol.  Again, only really picking this up as a hedge against all the Trendline short signals.

Out of MMM calls at $1.25 (from $1.10)

Added Nov 95x puts on ALXN at $4.

Picked up Nov 35x puts at $.34 on XLP, trendline break downwards.  Program only giving out trendline breaks to the downside today; no RSI long plays due to multiple bearish patterns it picked up.

Program didn't consider the dip Friday for AAPL as strong enough for a break.  We need to close down strongly today to confirm it or the support will remain.

Potential support break on NVDA.  Watch the close for a stronger sell off (instead of just the edge of the candle breaching the trendline).

No new trendline breaks so far today but a few Bottom signals.  Ironically one on APOL.
Note the Bottom signals don't specify how long it might take to bounce - we could flatline for months from any of these.
Also depends on how we close today as usual.

Watching BK for an upper trendline break.  Needs to close higher for the break to validate.

Picked up two trendline breaks so far on WYNN (long) and BBT (short).  Going to watch into close to make sure they hold before opening positions.

Price, volume, and RSI seem to be calling for a bottom on the NASDAQ here but hitrate isn't as reliable.  Also the RSI2 spread is quite wide - usually you want it to be tight for better conviction.

Definitely too late to trade off of but just thought it was interesting my program picked up a trendline break on CLWR friday. I only bothered to run it on CLWR just now though so it doesn't help much.