The last notes I posted here pretty much told you the long positions we were taking on the close Friday so we could take a lot of profit on the futures bounce in the markets over the weekend as the news broke...now the news is out and the next question is how many hundred points up do we go ?
My guess id they will attempt to sell 1280 when it gets there ..1280 you say ? How come the futures are only at 1250 or so now ...well a lot will happen between this print and the open...that is why TTT members have all the tools of money making in their arsenal to create wealth...Futures , stocks , options and 2x ETF's with ability to trade futures almost 24/7 and 2x ETF's and stocks 8:00am tomorrow.
From the e-mails I send out daily we have positioned ourselves 90% long in ES YM futures and 2x ETF's and tried to steer away from options. This week will probably go down as like the 2003 bottom...it has served a long term purpose but the gains of around 75-100% from the bottoms should be gained !
Again our hopes are the hard work in this market has been done and now is time for us to read my last post on http://www.ttthedgefund.blogspot.com or scroll down and see how we said exactly what happened today just 2 days early so if you had bought the dozens of ES contracts we did you could already be out with thousands ..even hundreds of thousands in profits !
The next week of earnings and eco/data will probablt be skewed BULLISH so be careful on the "Buy the rumor sell the news". It is always the one you think will happen that doesn't that hurts your profits !!!
Best IN Trading !
Tom
http://www.ttthedgefund.blogspot.com
My guess id they will attempt to sell 1280 when it gets there ..1280 you say ? How come the futures are only at 1250 or so now ...well a lot will happen between this print and the open...that is why TTT members have all the tools of money making in their arsenal to create wealth...Futures , stocks , options and 2x ETF's with ability to trade futures almost 24/7 and 2x ETF's and stocks 8:00am tomorrow.
From the e-mails I send out daily we have positioned ourselves 90% long in ES YM futures and 2x ETF's and tried to steer away from options. This week will probably go down as like the 2003 bottom...it has served a long term purpose but the gains of around 75-100% from the bottoms should be gained !
Again our hopes are the hard work in this market has been done and now is time for us to read my last post on http://www.ttthedgefund.blogspot.com or scroll down and see how we said exactly what happened today just 2 days early so if you had bought the dozens of ES contracts we did you could already be out with thousands ..even hundreds of thousands in profits !
The next week of earnings and eco/data will probablt be skewed BULLISH so be careful on the "Buy the rumor sell the news". It is always the one you think will happen that doesn't that hurts your profits !!!
Best IN Trading !
Tom
http://www.ttthedgefund.blogspot.com
16 Comments:
ah TG where did you get this dude??????
There are always two sides to every story...
Tom:
I am confused. You seem to advocate going long, and yet you also seem to feel that once we tag 1280 we will "go down like the 2003 bottom"? Would it not then be smarter to wait till the market rallies to 1280, go SHORT and then buy back in at the bottom of the crash landing?
Again if we do probe lower later in the week after the euphoria over the bail out wears off what makes you think that will be THE bottom rather than just yet another lower low? Is it that this week this leg down in the S&P 500 is about 63% (a fib number) of the first leg down that ended in march? It really did seem direction less, but at the end of the week the intra day lows did set new 52 week lows both Thurs and Fri. Isn't that still bearish?
I am new to all this and again find the site very helpful. If my questions are nieve I hope you will all forgive.
Best Regards,
John
Hi John ,
The quality of the rally will be your "tell" if you just follow the daily A/D and up / down volume you can see where we are going. The RUT was up nicely last week compared to other indices and like I have said 1280 is now the line in the sand ..we bought futures and 2x ETF's from 1230 up to 1250 and expect 1280 or higher this week ..if we do not have a 9-1 a/d + day we will tone down our bullishness but if we get there we get our 10th quarter in a row of doubling our money.
Tom
24/7
Tom,Can you give me a guesstimate what the xlf may do this week if your scenario plays out. The S&P banks bullish index is at a historic low (8)...even the 01-03 bear market did not see it this low. I think over the next two weeks we could see 30% gains in bank stocks. Love reading your insights.
Uh, ten straight quarters of doubling your money...so that means for every ten thousand dollars you started with two and half years ago you would have roughly ten million two hundred and forty thousand dollars today... that is...mind blowing...
I think it should be a very very interesting week!
T.G. Don't you see that this guy is ruining your fine blog? Will you wait until all the hard work you put in to build your blog disappear before pulling the plug on him? Whenever he comes back saying the market will rally, it goes diving and reverse when he says to buy IWM puts. Please show him the door!
Thanks,
Mike
dip stick!
Mike,
No one is ever 100% correct when "calling" things, whether it be a stock or an index.
Tom is voicing his own opinions and thoughts. Many people do not even do that lately as they are too "scared" in the current market conditions.
On a side note, you actually made butter? I am impressed! ;)
Anonymous,
Isn't dipstick one word?
In the future, it would be terrific if you could post a nickname when you comment in the future.
Thanks.
T.G., up to you, it's your blog. Feel sorry for this fine site though.
Good luck with your new partner.
Mike
Mike,
We are not partners in any way. Do not feel sorry about anything.
No one can be liked by everyone.
Happy trading to you.
Tom,
Before I sign up for your services would you please (1) disclose the effect of material market or economic conditions on the results advertised; (2) disclose whether and to what extent the advertised results reflect the reinvestment of dividends or other earnings; and(3) disclose the potential for loss.
Also, please advise whether you are registered with the SEC under the Investment Adviser's Act of 1940, and if you are not so registered, advise me with which state you are registered. Thank You
Louie,
You can ask Tom those questions on his site. He will no longer be posting here.
seriously, he has been saying the same thing since 1320 and somehow he just "keeps making money" being bullish while stocks crater.
T.G. Out the door! Nice to hear because your blog was following the market down the drain since he showed up. Now it can go back up with the market. Oh, and keep loading those pics, we need it these days. Thanks for making the right move.
Mike
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