Beam Me Up, Scotty!
UPDATE 2:12pm EST: I’m torn right now – do we turn right here at 923 or will we see 957 before Monday. Have put up a poll – just curious what you rats think. Personally, I am very tempted to grab long term puts right here and double up at 957. But I don’t want to rush it either – we’re two hours away from the closing bell and I have an inkling we’re in a for a fast one before the weekend.
UPDATE 3:02pm EST: Okay, I have a Zero related question for you rats – if you bear with me. During the holiday season I added a feature called ‘restrictive mode’ to the Zero, which simply cancels all VTAs and PTAs which occur on a lower signal than the prior one. Let me show you:
This is the unrestricted version – see how we would have compounded quite a bit today. But also look at the past history here in that it’s generally pretty quick to start compounding.
Now, this is the same chart in restrictive mode, which is actually what I have running on the feed right now. It only gives you a VTA or PTA if the signal keeps expanding, so it’s more conservative. However, I’m not sure that this is necessary the right thing to do and I would like to gather some input. Take a look at these two charts and then please vote in the poll on your right which one you think would have performed better for you today and also during the holiday tape. Thanks!!!
UPDATE 3:30pm EST: The Yen is not having a good day – it seems the Japanese are busy selling their own currency:
Apparently the inverse correlation is back in full swing – glad to see it. Watch for a breach of the 20 line which could signal a short term top for equities. BTW, in case you guys don’t remember or are new – it doesn’t matter what the Yen does overnight it seems – only how it moves during NYSE hours.
UPDATE 3:43pm EST: VIX below 37, people – this is so awesome! 🙂