I did not like the weightings in my portfolios, so I changed them. As a result, I bough the following names:
FLS, NVDA, STI, TNA
As you know, I sold out of FAZ, solely based upon my respect and admiration for The PPT.
Okay, now back to sandwiches.
Here are all of the OB/OS signals in PPT history, layered onto two charts.
fig
Zombie. You are our only hope.
Zombie is NOT God…
Play the hope and change trade this week…
ALLPROz
It will be interesting to see if that right shoulder builds out on the ‘potential’ inverted Dandruff?
Should such scenario develop and materialize (going ‘topside’ on a ‘close’ of the neckline where we find headwinds/resistance within the 50/200-Day 1095/1100ish), the measured move suggests a ‘potential’ SPX 1180ish.
Conversely, should the 1010 figure Fail to hold on a close—–> elevator lower on all time frames (short/intermediate/long-term).
In the meantime, sandwiches abound until further cards from the deck are revealed.
Indeed!
sold my FAZ and DRV earlier today, will buy both back on our next up swing.
Shoulda bought HAL, muppet.
Fly – do you still hold VXX?
20% of assets in vxx
Thank you. Will you add to short positions like TNA and VXX at a lower price or will you sell them when >4% lower?
Heads up! TNA is not a short. You should double check that though, as I’m a dumas.
TNA is 3X small cap long. TZA is 3X small cap short. Back to my sandwich.
Sorry for my mistake.
If The Fly goes to eat a sandwich, will you?
Did anyone buy any AVNW? Someone mentioned it earlier. Why are the call option ask prices out of whack?
1/4 trade into BAC @ 13.40
I just bought some.
I’m in two minds about these banks. I can understand the headwinds coming from the finregs. However I also look at the Australian banks that don’t do much, aren’t that smart, are protected from takeovers as they have a 4 large bank policy here and they’re really fucking dumb. All they do is charge fees for everything.
The finregs will dumb down the banks, however it will also offer protection from competition and so they will become large lumbering fee taking giants.
Aussie banks trade on multiples of 15.5
Can’t comment on those silly jumping kangaroo banks but financial reform news mostly baked in…welcome back fee based banking….
ALLPROz
I believe Fly is hedging his vxx w some tna as little shit floats up last as the market is topping. look at the charts of both.
i am long biased assholes
It seems that you did a great switch from FAZ to TNA.
I think geniuses can make mistakes but do you really think he would have done that?