Robert, very true the indicators have unwound quickly. My model signaled today to go down to 100% long from 110% long at the open Friday and could go to cash if there are one or two more sharp up days here. The Nasdaq continues to look weak versus the general market during this upswing which is not a very common occurance......don't have any idea what it is telling us though.
Tom
My model's YTD result as of the close today is up 7% vs the qqq which is down 38%. Trades this year are as follows:
- January 2nd: buy qqq at open 39.57......$100,000 in qqq.
- January 4: sell qqq at open 41.95.......$106,005 in cash.
- January 7: short 25% of account at open 42.11......$79,504 cash, $26,491 short qqq.
- February 7: buy back qqq short at $36.00......$109,829 in cash.
- February 20: go 50% long, buy qqq at 34.9......$54,904 in qqq, 54,915 in cash.
- February 22: go to 100% long at open, buy qqq at 33.61.....$107,780 in qqq.
- April 25: Went to 110% long at open at qqq of 32.3.
- May 14: Sold 10% of long position going back to 100% long on open at qqq of 32.05.....$102,687 in qqq.
- May 15: Went to 100% cash next open at 32.54....$104,247 cash.
- May 27: Went to 25% short at next open at 31.47.
- June 10: Went to 100% cash at open......$106,802.
- July 3: Went 50% long at open at 23.85....$53,391 in qqq, $53,401 in cash.
- July 5: Went to 100% long at open at $25.26. Total 4352 shares qqq long.
- July 22: Went to 110 % long at open at $23.85. Total 4787 shares qqq and margin debt of $10,385.
- August 15: Will sell 10% margin position at the open on August 16 going back to 100% long. |
