We have been long June bonds in our Model Bond Portfolio, as well as long TLT in our Model ETF Portfolio. Both of those positions are sharply higher this morning. Our Model Bond Portfolio began with $25,000 early October, and currently over $32,000. Our Wyckoff Charting software “Market Pulse”, is very helpful in trading these markets.
We have liquidated all of our positions, and standing aside. We had large profits on our long March Bond Futures, as well as the TLT. Small profits on short SPY and Apple Computers
We are still short SPY and AAPL, and long TLT, Mar Bonds. Positions are looking correct, and we would like to add but can’t get the low risk entry that we wanted. #WSMI $AAPL $TLT, $SPY
In the first 30 minutes we see stocks under pressure, and bonds continued bid. Oil is down $1.00 which continues to pressure the stock market lower.
Markets opened lower today and we covered our short positions, and then we entered some minor longs. We do not have major buy signals today based off the Wyckoff Tools, but we are on point to a change of trend. We took large profits in AAPL today of over $30 from our two short positions. We also covered shorts in the oil sector by covering XLE and XOM shorts. These also were nice profits. We …
Wyckoff Wave has traded back to the top of its most recent trading range at 39,951. We really didn’t expect this much rally here, but we still believe we will once again reach resistence. We expect another run at the bottom of the most recent range. Oil Stocks are still relative weak, as well as AAPL trading very poorly once again on the recent Wyckoff Wave rally. Bond market is having another sharp selloff to …
Since Wednesdays sharp rally after the Fed announcing a raise in interest rates, markets have been really sloppy as we expected. We are down sharply today, and we see continued weakness from these levels. Today is quadruple witching so watch out for big volatility into the close.
- Page 1 of 2