Thread: MrJohnRoss' Account Talk

Originally Posted by law87

wish you can give a signal to sell or hold those NUGT before closing time.

law87, this is for you:

System remains on a hold for NUGT and for URTY as we head into the close.

Originally Posted by MrJohnRoss

law87, this is for you:

System remains on a hold for NUGT and for URTY as we head into the close.

I was going to buy DUST since it such a big move up for NUGT today, ussually they pull back a little after a big day.

Originally Posted by law87

I was going to buy DUST since it such a big move up for NUGT today, ussually they pull back a little after a big day.

The gap up in NUGT may eventually get filled, so you may be right. Good luck with your trade.

Originally Posted by MrJohnRoss

The gap up in NUGT may eventually get filled, so you may be right. Good luck with your trade.

I say that but I dint take the trade, I was busy so I lost track of time... I'm waiting for you to sell NUGT so I can jump in.

System results:

NUGT remains a hold. Up +5.09% today.

URTY remains a hold. Up +1.76% today.

It looks like a box of money, but take a second look...

Originally Posted by MrJohnRoss

It looks like a box of money, but take a second look...

Wow that looks impossible! Such detail seems way over the line of believability.

Originally Posted by MrJohnRoss

Dang! NUGT is up big time today, currently over 9%. Extremely short term traders may want to consider selling all or a portion of their holdings. The 2 hr chart shows we're near the top of the upper channel, which may be a good place to take profits.


Attachment 26748

(By the way, the system remains long.)

Looks like we're close to a sell signal with NUGT, but not quite yet. The system will never get you out at the exact top, so short term traders selling at extremes like the last few days would have been advisable.

System results:

Despite a negative day for the miners, the system stays long NUGT by a hair. NUGT down -7.42%. We were due for a pullback after such a strong move higher.

URTY remains a hold. Up +1.47% today.

System results:

NUGT remains a hold, up +7.67% today. Both GLD and SLV up nicely today, as are the miners. AGQ up +2.40%, and GDXJ up +2.34%.

URTY is too close to call, down -2.00% today. If I had shares, I would hold on for another day to see if we get a bounce higher in the markets. If we don't get a bounce soon, it may be time to re-think that strategy.

I do like what I see in the 2 hour charts of the S&P. The final candle for the day is a nice white candle that basically reverses the previous red candle. That's a good omen for a come back rally.

Made a short term move to the F Fund for a few days. Mr. Market is curling down. Maybe this is the bottom, and it'll bounce right back on Monday, who knows for sure. But then again, maybe it's got a few more weeks of grinding lower. In any event, I'm going to temporarily step aside and follow my indicators. This kind of move bit me last year, but perhaps this time it really will be different. I'm going to follow my technical system, and leave "hope it goes back up" to others.