Dayvejohnson on the Markets

Hope you didn't get sucked in....

Markets are trying to find their footing right now. Unfortunately it's right in the middle of earnings season. Meanwhile the bears and bulls duke it out. This may be the time to stand up and be bold but I do not feel confident in a extended move up. When my index timing indicators give the all clear then I will be back in the game. I closed most of my short position after the market close today on a strong push down. Swing entry for tomorrow is PIXR.





Maybe this is a good time to describe how my portfolio is laid out. Essentially it is setup into 4 segments of about equal weight.

1. Swing trading which I highlight on this page (generally always turned on and holds 5 positions. 2 right now)
2. Essentially IBD breakout plays slightly modified when the market is moving (cash right now)
3. ETF's (sector plays) that are traded on a Wealth-Lab script I developed (50% invested. EWY and GLD)
4. My long term holdings which I again gauge based on a script I developed (25% invested)

Overlaying all of these I have an intraday S&P E-mini futures automated daytrading script that I have been slowly bring up to speed. As with the end of September I can also chose to go long or short (recently short that I just closed tonight in the after-hours session) with the futures contract when I feel extremely confident in my prediction based on my index timing model.

As a way to gauge the "where are we now?" I have developed a major stock index timing tool that generally lets me know when to turn on/off the various modules of the portfolio.

If you have any questions or if I was unclear on any point. Please leave me a comment and I will do my best to explain myself. Hopefully as I become more comfortable with the blog I can highlight some of the changes I see occurring in the market.

posted by Dave Johnson @ 8:33 PM