It’s like a sick joke. On the national philanthropic day, dubbed “Giving Tuesday”, the market plummets.
Here in the Princeton area of NJ, an area that I am new to, everyone is donating clothes, food and money to the fine folks over in Trenton, a place so forbidden, it’s one of 4 state capitols where the Governor’s mansion is outside the city. The people from Princeton are much different from the gentile folks in NY and decidedly better than the savages in Staten Island, a place that was designed and constructed by the devil himself.
As for stocks: I haven’t the slightest idea what is transpiring. Today is my son’s 9th birthday and my wife and I have been shuffling about the neighborhood procuring his favorite things. We decorated the house to look like a Pokemon palace and my wife baked him a cake (he doesn’t like the store bought kind).
I see my portfolio is down over 2%, effectively wiping away whatever gains I made last week. But I’m not going to let it get to me. The stocks I own are good and December is not a trecherous time for equities.
Being the generous guy that I am, on this ‘giving tuesday’, I can tell you that The PPT is now flagging OVERSOLD on our 12 month and 36 month algorithms. The stats are convincing, with a 90% win rate (9-1) for the 12 mo algo with a 5 day hold of the SPY. On our 36 mo algo, the SPY went up 22 out of 27 times, when flagged OS, with an average return of 2.3%.
My bottom line call: the market will be 2% higher from today’s closing prices by next week.
http://www.youtube.com/watch?v=hoUM8hlJzls
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Sold off most of my hedges….i like your call.
Also just put in an order for some BALT….lets see how that works for me.
fucking BALT….they are taunting me. ONly managed to get 100 shares before they walk the price up.
Finally got all my BALT….full boat, as it were.
i bought VXX puts.
had an order in to do the same – missed my fill, cancelled it and then it proceeded to drop back down below my entry price so I’m stalking it again…
Being a dad is the best thing in the world. Happy birthday to Lil’ Fly.
What are your favorite restaurants in Princeton? I went to The Peacock last night. It was great. I also really like the Blue Point Grill.
Favorite is Elements. They do a farm to table event during the summer. You should go
Blue point is the best seafood place, by far. During the day, you should go to the fish store right next to it and order a fish taco. Top shelf.
Let’s not forget Small World Coffee too.
I will have to check out Elements. Thanks for the recommendation!
fly,
you mentioned 27 signals. i only see 8? am i looking at the wrong info?
That data is not given in the current version of PPT. I will post a screen shot of the data soon.
I posted it.
So much fun with the kids
Cheers
Watching GOGO is painful!
Only if you are not in it!
+1
Said fuck it and got back in.
To the idiots shorting vxx. Were you long FNM when they took it down in 08 too?
ignore
puts. defined risk. VIX at 15 during christmas? i like my chances.
VXX is by far the worst trading vehicle in the world.
You’re better off with TZA.
tza is russell. I want VIX.
I think you mean FNMA, big guy
I hope it’s a German Chocolate cake.
probably not carrot cake
I like funny Jews in Hollywood. Sacha is at the top of my list.
Why include the word ‘Jews’ in your comment?
He’s a Jew and can do that, much like I can make fun of Native Americans.
+1..lol
TSLA is back!
Happy Birthday to your Son. His BD is all that really matters…………………..For the Market, IMHO, the SPX topped out at 1755ish, there is no more upside left, this is just a topping process to kill the last of us Bears…Hugh H how could you give up??? Oh Well, I will just sit and wait for it to collapse.
i know a technical top can be considered a few points lower than the actual numerical top…but 50+ handles? sorry. lol
Get a life and stop trying to fuck the Zombie… do you spend all day here trying to get the FLY to pet your little head?
Yez Sunoco you will learn that every post is mostly the same 5 people who add nothing but base comments or sycophantic priase for pat on the head
I believe that many pros sell 50% at resistance and the rest 3% above that to wash out the trend followers…3% of 1755ish is 52.65ish, so right on the money.
You are less than nothing.. ‘the only thing that will collapse is your incessant trolling.
You need to put your mouth over a gas pipe somewhere. You are a troll whore.
What happened to GIMO today? Small volume, but almost down 5% in a day! Lots of volatility here… I still like the company but it’s definitely not for the faint of heart…