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Friday, January 18, 2013

Positions, Market Conditions

Positions:  (75% in, all long stocks, 1 short bonds (TBT))
http://stockcharts.com/freecharts/candleglance.html?IWM,EEM,XLU,$CEX,XHB,CG,TSLA,FB,JJG,NIB,TBT,scty|B|P5,3,3
$CEX, XLU are for tracking intraday for FIUIX, FSCHX
IWM, EEM, Chemicals and Utilities are 2x positions.  SCTY is 1/2pos.
http://stockcharts.com/freecharts/candleglance.html?slx,kol|B|P5,3,3

Molecool:
                 I would be extremely interested in taking in short position if price would show any signs of weakness. (italics are his)


Doc Barter:
                we are overbought and OT will increase short position from 5% to 10% on Friday, 18th of January 2013. We do NOT suggest to enter any of those and rather advise readers to increase cash.  That being said, we are entering those shorts and OT has the patience to hold them.
His shorts: EDZ, EUM (emer mrkts), TWM (R2K), SMN (basic mat) , DAX puts, IYT short, index shorts (?), financial shorts
http://stockcharts.com/freecharts/candleglance.html?EDZ,EUM,TWM,SMN,faz,sds,qid|B|P5,3,3

Howard Lindzon:
                      While we pat ourselves on the back for being long...remember it's a bull market doing the work mostly and to 'Sell When You CAN!' $$

 Almanac / Jeff Hirsch:
                             January Expiration Day, Dow Down 10 of Last 14 With Big Losses, Off 2.1% in 2010, Off 2.0% in 2006 and 1.3% in 2003
 Beyond the obvious reasons, a positive January is much better than not as every down January on the S&P 500 since 1938, without exception, has preceded a new or extended bear market, a 10% correction, or a flat year whereas positives January’s preceded full-year gains 89.4%.

Cobra:
         Likely we’ll see a red SPX tomorrow. I’ve already presented enough evidences in today’s Trading Signals, so no more blah blah here.
 I see 2 more signals arguing for a top, so maintain the call for a sizable pullback.

Cara:
         I am not calling it the "end game" because the rally will be over. I am calling it the "end game" because the analysis is nearing an end, proving to be correct as it ran right up to the estimated price area - we will need to evaluate price action when it does.

Zentrader: (finally I found somebody bullish)
                 Jeff Pierce - My market timing signal turned bullish on 1/4 for the Nasdaq and subsequently my others for Dow and TSX have flipped as well. I’m firmly in the bull camp at this point and expect a slow grind higher. – Bullish

ChessNwine:
                    The current rally is frustrating to many traders caught out of position, and the grind higher with an underlying sector rotation has added to the frustration of those missing the mark. At any rate, the price action in 2013 has thus far been defined by a rally, high and tight consolidation, and secondary push higher with underlying sector rotation. On its face, that action is bullish even as the S&P closes in on the 1500 level and devastating resistance from 2000 and 2007.

The Fly:
              Make haste and get to the markets, for there is money to be made. Get your hands out from your vaginas and go get some. ...based upon recent history (I promise you older history looks the same), the market is in for some smooth sailing until late March.

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