Thread: ripper's account talk

Originally Posted by ripper

System moved to a buy. I took a 100% position in UPRO at $58.65.

Unfortunately, I'm out of IFT's for TSP so will remain 90G/10C. I may make a transfer on Monday.

The TSP model moves to 50C/50S at the close today. The TSP model's YTD return is +1.84% at the COB on 2/28, per the AutoTracker.

System is moving to a Cash (neutral) position today.
TSP model goes to 70G/10C/10S/5I/1 each of the L Funds.
I sold 50% of my UPRO position at 58.97 and will sell the other 58% at the close.

The system will move to a buy signal today IF the market tests the lows set last Friday.
I'll post an update this weekend.

I'm in... too bad I missed the sell signal; work getting in the way again. This is good news otherwise.

Originally Posted by ripper

The system will move to a buy signal today IF the market tests the lows set last Friday.
I'll post an update this weekend.

Other indicators have moved the system to a buy signal. I'll buy 100% UPRO at today's closing price.

Originally Posted by ripper

Other indicators have moved the system to a buy signal. I'll buy 100% UPRO at today's closing price.

I took a 100% position in UPRO at Friday's closing price of 52.70.
The previous UPRO trade that closed on 3/5 lost 3.0%, dropping the YTD return for the ETF model to +16.2%.
The TSP model remains at 70G/10C/10S/5I/ + 1% each of the L Funds. Since the system moved to a buy but I am out of IFT's for March, I will use the <1% method to increase my allocation in stocks by 1% increments when applicable.
The YTD return for the TSP model is -0.66%, per the AutoTracker.

System remains on a buy. But if the market closes very much lower tomorrow than it did today, it will probably move to a cash position. There are a number of reasons why the market "should" rally, but this obviously is a unique situation.
Personally, I took about a half position in UPRO when it first moved to a buy. Since then, I've made small additions to that position following market sell-offs and made the final purchase for this trade at the close today. If the system moves to cash tomorrow, I'll sell at least half of my position if not all of it. If that's capitulation, so be it.

Gonna have to cut the line on this one and sell at the open and go on to trade another day.

Sitting tight for now. Not expecting a bottom until around the S&P 1600-2160 range. I don't want to go long until I'm quite certain the bottom is in.

System probably won't go long until we at least have 2 consecutive up days in the markets.

We're having a bullish breakout today of the recent downtrend, so the system will be taking a partial long position of 50% UPRO at the close.
Another up day in the market tomorrow will confirm the reversal and the system will move to a buy signal and move to a full position of 100% UPRO at the close.