All four of our market timing indicators are BEARISH, so we are remaining hedged for now using a 5% TWM 2x INVERSE ETF. When our market timing indicator#1 switches to a buy, we will remove our hedge and go whole hog LONG. Yesterday, the McClellan oscillator spiked below -80 which almost GUARANTEES upside action for the next days or weeks. We may have hit BOTTOM today. DO NOT BE SHORT HERE!!! We may DAY TRADE a nice big fat long play here as a result.
We bought a 1% position in AAP (Advance Auto Parts) @ $72.42 and we may buy another 1% if it dips lower in coming days, which it might. A BARGAIN PRICE for a GREAT STOCK! – this is a long term holding.
Yesterday, we bought a 1% position in APP (American Apparel) @ $0.85 cents a share. We think we can trade out at $1.00 within one month.
We also bought a 1% position in PTM at $16.80 – VERY OVERSOLD and PLATINUM is a commodity the world needs!!!
Our McClellan oscillator SPIKED into BUY territory today, and this almost ALWAYS means that the market has bottomed (at least for a few days or more – if not longer!) VERY GOOD NEWS for people who have been LONG during this downside action of recent months! CHECK IT OUT!
View our current portfolio here: Current Portfolio Positions (Actual)
View our technical charts and MARKET TIMING INDICATORS here: NIR Portfolio Charts
Wishing you the very best trades,
Alex Nason
Editor in Chief
FYI: If you are following our FREE trading twitter (Our Trades In Realtime), we have several different types of trades we execute:
INTRADAY: Means we could be in and out of a stock in a matter of minutes or hours and unless you are a day trader, you should keep away from these trades.
SWING TRADE: Means we are probably going to hold the stock for a few days, but you need to be watching for the sell signal every day during market hours and be ready to make a trade within one minute of notice.
LONG TERM HOLDING: Means we plan to hold the stock for more than a month and quite possibly for a year or more.
DISCLAIMER: THESE FREE BLOG POSTS SHOULD NOT BE CONSTRUED AS PROFESSIONAL ADVICE OR AS A RECOMMENDATION FOR ANY ACTION ON YOUR PART. ACT ON THE INFORMATION CONTAINED IN THIS POST AT YOUR OWN RISK. USE YOUR OWN MIND AND CONSULT WITH A PROFESSIONAL TO DETERMINE WHETHER ANY INVESTMENT IS A GOOD ONE FOR YOU. WE ASSUME NO LIABILITY FOR ANY ACTIONS YOU MAY TAKE AS A RESULT OF READING AND/OR UTILIZING ANY OF THE INFORMATION CONTAINED IN THIS POST. — THAT SAID – WE HOPE YOU ENJOY OUR POSTS, HAPPY TRADING AND GOOD LUCK!















