Comments on: CAN’T SHORT THIS MARKET YET

By: FDO15

FDO15 — Thu, 09 Apr 2009 14:35:09 +0000

Good timing. Again. Where do you work TPC?

By: Alex

Alex — Thu, 09 Apr 2009 06:26:08 +0000

I am just daytrading by making a few cents/share during the morning. I am NOT going to hold even overnight as I have no idea what the government will do and what implications changed rules will have. I'll know after stress test and bank earnings are out. Until then…buying and selling within a 20 minute period is my goal.

By: Wingobyte

Wingobyte — Thu, 09 Apr 2009 03:41:16 +0000

I agree also that this market is too strong. Look at earnings out and basically you can miss, warn and beat and you will go up regardless. Look at AA, JNPR and MOS. With bank earnings out with the new modified accounting rule, the bank stocks may actually jump when they are announced. I think I will cover the rest of my shorts now and look to re-enter in late April, early May…in a big way. There should not be any catalyst left to lift the tides.

By: TPC

TPC — Thu, 09 Apr 2009 00:15:18 +0000

The TUI is a RISK indicator, not a market timing indicator. I don't take buy and sell cues from it. Right now, it's telling me that the risks of being long this market are high. That doesn't mean it's safe to short though. That's critical to understand. You don't HAVE to play every hand. In fact, the best investors know which hands to play and which ones to sit out. I'm sitting out until things are clear.

By: Sam.2

Sam.2 — Wed, 08 Apr 2009 23:40:08 +0000

JUst not sure how you can give the TUI indicator a few days ago then say the mkt is too difficult to short. Breadth IS strong…my shorts are basically hovering at their entry points/cost….are you getting squeamish?