10/19/2011 Portfolio Update

Trading Signals:

Longed oil and shorted dollar as instructed yesterday.

Potential Russell 2000 buy signal, TNA buy stop at $43.07, stop loss around $30.98.

Again this is a research project, I have bad feeling about long oil and short dollar but let’s see.

6 Comments

Anonymous on October 19, 2011 at 10:28 pm

Please, let us know if you ‘really’ add TNA as a buy. i’m not sure what the difference is with a ‘potential’ and definite signal.
Thanks for you prodigious and excellent material!
TWJ

Cobra on October 19, 2011 at 11:07 pm

You see I said buy stop at $43.07? Buy stop means if price tomorrow rises above the price given here then the long position is entered. So no position now.
- Anonymous on October 20, 2011 at 12:00 am
  
  Thanks. got it. I had same question.
- Anonymous on October 20, 2011 at 9:10 am
  
  Yes, I saw that and wondered at the much higher price 43.07 (close at 39.41) and the huge volatility stop(30.98)(yes i know how you compute the VS)
  I am not sure how you compute the Breakout point. BUT, thanks for responding and clarifying the issue. I am just learning your system.