TTT Update

Since our last update a week ago in this blog the DJIA remains in a downtrend and is bearish per key technical indicators, and is in the red for the calendar year thus our in-depth study from last issue remains valid and is the basis for our current outlook and positional balance. 

Here is a partial recap of key open positions, per the entry & exit levels suggested in TREND Technical Trader :

1/2 DVT long + 20 %  Remains in a long-term uptrend and well above our stop loss level.  

AZ long + 40 %  This has recently gone nicely in our direction.  We'll have a new stop level in the forthcoming issue, and may recommend exiting half the position so those wishing to lock in part of this generous gain may do so anytime.

RIMM short + 16 %  Those skittish should book profits now, especially those who enjoyed the profits on our RIMM short earlier this summer, as potential resistance due in part to a 6-year uptrend lies not far below.  We'll remain short.

SH effective S&P 500 short + 3 %  

1/2 URR long + 9 %  Since last issue a half sale was triggered for a profit of 12% in less than a month from our entry, and we remain holders of the rest of the position with an updated stop level forthcoming in the next issue.

DZZ effective gold short -2.5 %  We were up almost 10% shortly after entry but are now slightly down on this position.  It remains technically valid, thus a hold.

All commentary, targets, and entry/exit points from recent issues remain in effect. 

The next TTT will be sent during this week.  We will confirm here via a blog update when it has been emailed to subscribers.