Market Timing System : Long

Yesterday after the close my market timing system got a bullish cross. What a time for my site to go down! Much apologies at such a critical time but if you were following me on Twitter you would have known that I excited my shorts and bought Q and SVR. I realize it goes against logical thinking to even think about going long this market but I’m not going to trade counter my system.

I’ve often realized that what I’m thinking the market should do and what my system says to do are often at conflicts. It seems logical to think that the markets are going to roll over when you take into account all the macroeconomic news, critical technical levels, and the obvious low volume rally that we’ve experienced this month. The trouble with having a cognitive basis based on those points is that it’s obvious….almost to obvious to anybody looking to time the market.

Today the market had every excuse to sell off and it really didn’t do anything out of the ordinary after 7 straight days of gains. Google could rain on the rally tomorrow and it will be interesting to see how the market weathers it.

Few long ideas: SLXP VGR ADTN CRM EW HSY IHS MELI NFLX

Currently long: SVR Q