Entered long because: 1) very bullish internals (w/ $tick at the momnt of entry: 0t<-400 & 2t>1k); 2) financials & cons.discretionary (XLF w/ XLY; one of the leading sectors) at the brink to post new session high. Fixed on: 1) no upside move continuation for more then 4 minutes; 2) $add was continuing to stay very bearish w/ no U.S. indexes highs confirmation. Made haste like couple of times during the sessions before. Nevertheless, plus almost 7 percent for the week or 5 and a half ES points profit. Overall, for the past 5 weeks since the fund have started plus near 30 percent.
05/03/10
Entered long because: 1) very bullish internals (w/ $tick at the momnt of entry: 0t<-400 & 2t>1k); 2) financials & cons.discretionary (XLF w/ XLY; one of the leading sectors) at the brink to post new session high. Fixed on: 1) no upside move continuation for more then 4 minutes; 2) $add was continuing to stay very bearish w/ no U.S. indexes highs confirmation. Made haste like couple of times during the sessions before. Nevertheless, plus almost 7 percent for the week or 5 and a half ES points profit. Overall, for the past 5 weeks since the fund have started plus near 30 percent.
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