Wednesday, July 15, 2009

Bulls In Control Or just about to lose it?

922.49 924.15 926.84 930.19 spx 915.48 913.82 911.13 907.78





The market looked lethargic during day trading time, but intel/INTC magic has propelled it after hours and our projection on emini127.gif send to subscribers 910 area was reached/finally. The PCratio is starting to show signs of curling down/Bullish and unless this trend is quickly rejected and curls start up/Bearish, the bulls maybe back in control. We did buy things we sold at 906 or so a week ago at practical bottom of the last move 867 and are now back with profits over 45 SPX points. Just in case somebody needs reminder. After pocketing 120 points from 666 to this day we performed few trades and , while I have not counted how many points , we probably are over 200-250 points of gain in our trades. Of course, I only do it for 1.5-2.5 % of my holdings, but that is besides the point. We are asset allocators, but if traded the same way with entire capital we would have made unbelievable amount of money of over 200 points. Folks, that means that by now, starting from March 2009 one would have returned 100 times the subscription costs to Tailored Service.

48 comments:

boris said...

Dear Xerxes,
Yes, The PInk turned down and that was a helpful addition to signals that continue to say, we may rally a bit more, at least.

Good Trading Dear Xerxes

xerxes said...

Dear Boris...EURUSD past 2nd daily...
Bloomberg says that since March 9th world equity markets have gained 10 trillion dollars..

xerxes said...

Dear Boris...They sell dollars on the way up and they sell 'em on the way down...Is there ever a season to buy 'em :-)

boris said...

Yes Dear Xerxes,
Time will come to buy Dollars.
Just look at Dollar Projections(:-

Good Trading Dear Xerxes

John said...

Boris

Good morning

old john

boris said...

Dear John,
Very Good Morning to you
Good Trading
My Very Dear Friend

xerxes said...

So Dear Boris, we need a bout of severe fear to buy bucks, otherwise it is all sell all the time :-)

Wanderer said...

Dear Boris,
Good morning.
Good trading.

Bert

boris said...

Dear Bert,
Very Good Morning to you
and a
Good Trading Very Dear Friend

xerxes said...

Well Dear Boris...We just keep grinding north...

boris said...

emini128 out on its way.
In couple minutes you should have it.

Good Trading
Dear Subscribers

xerxes said...

Dear Boris....seems like the emini has been held up in customs again :-)

boris said...

Yes, Be careful please.
As a minimum, we shall see a test of the levels indicated in the emini128
Good Trading\

boris said...

5 minute APs at DotNet
Good Trading Dear Subscribers

xerxes said...

Looks like rollover time Dear Boris...Do we crash into the close?

Yad said...

In the last 24 hours, international media has reported oil surpluses, and now a seeming "lack" of oil reserves. Time and time again, i wonder if these people can just not count barrels-or if it just one huge rat trying to confuse the hell out of the investing public? I feel really bad for anyone trading without help and guidance from BORIS!

boris said...

Dear Xerxes, Everything is stretched do not you think so!
You reported third or fourth on EURO!.

Time to rest you bet!
Rollover, not sure yet(:-

gOOD tRADING dEAR fRIEND xERXES

boris said...

Dear Yad,
Thank you, Thank you!

Yes, Oil seems to have gone up sky high when the supplies were growing in 2008!
And then it seems to have gone down when it was not so bad.

Now the most unexpcted OIL inventory drop is announced 15 minutes ago, the oil is lower than it was before!

Horey!

Incredible

Thanks Dear Friend Yad.

xerxes said...

Dear Boris....My rollover idea not happening yet ;-)

xerxes said...

Dear oris...This move up seems impulsive; so the trading range is kaput...EURUSD wants to get to 3rd daily it seems....No time to rest when dollars need to be sold....for anything you can find :-)

xerxes said...

Bloomberg says BAC analysts suggest RMB, IR and BR to gain 10% against the buck Dear Boris...

Vishal said...

RMB = rmimbi ? IR = indian Rupee ? BR = brazilian Real ?

thanks

boris said...

Dear Vishal,
Subscsribers.
That is correct those names.
We also have projections of sort of a rise, but we have exact timing and potential sizing figured out and it is coming.

Just look at yur charts please
Good Trading Dear Friend Vishal and all

boris said...

Has Anybody noticed the NOV up 15% in less than 4 days since our reco!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Yeah!
Just see the picture couple posts down.

xerxes said...

Black Gold soaring now Dear Boris... EURUSD stalling at 23.6% retrace level Dear Boris....Fibo power?? :-)

boris said...

Dear Xerxes,
Thanks you for reporting

Good Trading Dear Xerxes

xerxes said...

Dear Boris....you are welcome but you know everything i write before i write it :-)

xerxes said...

Dear Boris....emini moving towards 4th daily....3.5 hors to get there :-)

valry777 said...

hi BORIS,
can you explain:why YBR, what you post today in http://borisc.blogspot.com,
is complict different than YBR,
what you sent to yours subscribers
in may 31,2009 ?
thanks,
valry

boris said...

Dear Valery, This YBR is not different, just looks different.

Because it is rescaled and blown up CLOSe to see.

On the other hand , if you look at the countour and times, the are

EXATLY THE SAME

Not

COMPLETELY DIFFERENT

I hope this answer is clear.
If not I am read to take another turn at it.

Thanks Dear Valery,

Please note again.

This is just a chart that is blown up and ( shows less time frame, in more detail) and it is rescaled by the chart program itself.

TIMING ABSOLUTELY THE SAME

boris said...

Please Note Dear Valery,
This is UNSHIFTED grapth.

If one compares it to shifted graph that will show future, but in the OFFSET

What matters is that this chart has the tops and bottoms at the same place.

Good Trading Dear Valery

valry777 said...

Boris,
you post about YBR:
,,What matters is that this chart has the tops and bottoms at the same place.,,
if you right about top,bottom,cross
have the same time place at YBR, what you post today in http://borisc.blogspot.com,
and YBR,
what you sent to yours subscribers
in may 31,2009 ,-
i
need go to doctor
for check my vision.
valry
??? whay you take of my previous comment ???

xerxes said...

Dear Boris...some blogger named fajensen wrote this....

In Denmark it does not take long from being unemployed to getting enrolled in some "re-qualification programme". Which is nice in the sense that one is paid while doing it; not so nice though if one is already skilled to begin with.

The purpose, of course, is to keep unemployment low, presently about 5%.

The true figure is that about 1/3 of the population between 18-65 lives off permanent social security i.e. are fully unemployed, another 1/3 works for the government, the last 1/3 pays for it!!

The Americans will discover that there is no way to fix that, there is a tipping point where the state will swallow all of society and keep about 1/3 of the population around as a "tax crop".

Our future Dear Boris is that of a 'tax crop'....Boom

xerxes said...

Meanwhile, Dear Boris...S&P bulls have quite a harvest today, a big cash crop :-) Gamken EURUSD bulls :-)

xerxes said...

Meanwhile, Dear Boris...S&P bulls have quite a harvest today, a big cash crop :-) Gamken EURUSD bulls :-)

boris said...

Dear Xerxes,
I am sure that is where we are heading.

I am pretty sure...

And Yes the stocks market went even higher than what we thought would be the top side today 922,
but frankly not by much and Something tells me once the FED staff comes out we will correct.

Well, market was today more optimistic than even I was(:-

Good Trading Dear Xerxes

xerxes said...

Dear Boris....930 or so for S&P 500..
Are we back to partying like its 1999 :-)

xerxes said...

Dear Boris.....931.5....remember the song by the 5th Dimension....up up and away in my beautiful balloon :-)

xerxes said...

933 Dear Boris...wouldn't you like to ride in my beautiful balloon? :-)

what was the recent high dear boris....950 or 960...i forgot

boris said...

Ok, Dear Readers,
We were optmisitic today with the projection of 922, but we got even higher.

Well, it is good we did some purchases at 867 level, that makes that purchase now 60 points ahead in 4 days.

Not bad

Good Trading Dear Readers

xerxes said...

So dear Boris, the bulls were in control today...Have a great evening everybody :-)

gorli said...

Hi Boris, your market musings are very prescient, but hard to practice for a novice like me. For example, based on your insight, I waited for a pull-back today that never happened. Do you have any trading guidelines for novices like me?
gorli

boris said...

Dear Gorli,
I myself missed daily trades too.
Market never gave chance.

Well, You know I do not like chasing the markets and rule is

There is a next bus coming.
That is very simple. Nothing todo , really!

As a trader, unless one controls himself/herself dissapointments will be many.

It is prohibited though to be dissapointed.
Again there are two cadinal rules in my trading.

1) do not lose money
2) Do not worry about the missed opportunity.


or the other way , do not chase the market.

Now, In order not to chase the market, that is why I practice the asset allocation.

Your question though relates to short term trading , specifically yesterday.

And the answer is simple. There is nothing to do. Wait for the next BUS.

I am not being evasive here.
This is , as I said. IRON rule for me as a short term trader, especially

Never chase the market. So, Yesterday, because the initial retrace did not materialise, I did nothing.

Good Trading Dear Friend Gorli

boris said...

Dear Xerxes
Recent highs were around 960.

Thanks for your posts.

Good Trading My Very Dear Friend

xerxes said...

Good Morning Dear Boris...So it looks like we're off to the races..
Now we zig zag up to mid 1000's on S&P 500? Waiting for the next emini :-)

boris said...

Good Morning
Dear Xerxes,
We certainly have upward bias
until something breaks!

Good Trading Dear Xerxes

xerxes said...

Yesterday looked like some kind of short squeeze Dear Boris...We already hit 3rd high in EURUSD and moving towards 4th...Unlikely to be squeezing here :-)

boris said...

Moving to new post
Good Trading all