More slow, low volume sell distribution and Happy Birthday to Sunny

As pointed out last couple articles,   Markets are tiptoed its way back up making a very near perfect "V" without much accumulation.Yesterday the divergences along with OIL Price started bothering the markets. 

My positions in EDC, EWS and THD funds got stopped out. 

https://spreadsheets3.google.com/ccc?authkey=CLaStbUH&pli=1&hl=en&key=tiCxkGYG1cXZ1g8MatRlESw&hl=en&authkey=CLaStbUH#gid=0

The only position I am holding this week is DGP.. DGP came out from consolidation and broke out with new highs, hence I took the position. The current stop is at 42.86. 

It was very unusual day in my trading career yesterday.

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  Positives
   - Profit-taking seen in market sector leaders Oil & commodities
   - Low volume selling
   - VIX not spiking up.
  
  
  Negative:
   - No sector rotation
   - No buyer on the dip
   - No POMO influence
  
• Usually VIX hints correctly but yesterday was very cruel painful wait and then ended the day on some selling. 
• 
  
• Hopefully today will be a better day as it is my friend's birthday. 
• 
  
• Happy Birthday to you Sunny.
• 
  
• 
  

Portfolio Update

Portfolio Update:

ERX closed
Two New ETFs added yesterday, EDC and DGP with Stops at $37.31 and $42.86. respectively

Portfolio Link:
http://tinyurl.com/3s3rsav


Good Books to have in your library:

Another Good Article: Anticipating vs Reacting

Anticipating (versus reacting to) the next black swan

Important Learning Articles.

Rules to Avoid Catastrophic Losses (Harry Domash)

Avoid Financial Disasters with Trailing Stops

Cutting Losses with Fisher's 3 Golden Sell Rules

Stocks Cross over to Dark Side (Old article but still relevant in terms of leaning from Past)


Capital Preservation Mode and Death by Thousand Cuts

Recommended Books for Reading:

Will Post my ETFs later today.

Buy Some and Tread Cautious path..

As pointed out last Saturday,  Markets are tiptoeing its way back to February Highs without much Bull snorts..There are some divergences that appear on the horizon hence I am treading a cautious path.

I am bit bullish with caution hence I am also tip-toeing my way in with 0.5% risk on each position.

I bought today ERX and EDC funds with stops at 86.16 and 37.31

https://spreadsheets3.google.com/ccc?authkey=CLaStbUH&pli=1&hl=en&key=tiCxkGYG1cXZ1g8MatRlESw&hl=en&authkey=CLaStbUH#gid=0

How to add a Script to Thinkorswim Platform

Lot of you requested the TOS code this morning and some of you requested that I add pictures showing how to add the code and save it as a Study.

Hopefully this should help you to add the script in.. If you still need help, please e-mail me. 

Finally seeing the lights after almost one month

As you can see from the chart below, we have slowly crawled out the dark regions.  Markets for the past week has been slowly creeping up.



via StockCharts.com
"

On late Friday, I initiated two positions in my ETF account, EWD and THD with stops at 13.25 and 63.36 respectively. These are starter positions as I expect  a bit of volatility as markets has not cleanly broken out.
The chart that I use to see whether we have a clean breakout is the accumulation and distribution chart.

If you need the ThinkorSwim code for this please e-mail me on marketing1977@gmail.com, I will be glad to provide it.

The other ETF that I am interested in are CZM, TQQQ, ERX and EDC.  As usual, we will allow market to tip its hand first and then we make the move.

I am reading this book this week to understand the dark side of derivative business.