As I have discovered and blogged this morning, my 200 day EMA (as well as SMA) for SPY has been askew, as least with respect to the main stream numbers a la stockcharts.com. It doesn’t matter who’s right because the majority wins. That’s the reason my 50 day EMA target could not be reached on both occasions this month — prices had bounced off the “correct” 200 day EMA without me knowing. How jinxed am I? I could have flipped part of my positions twice, accompanied by a much more positive mental state than I am currently in right now.
Now should I ditch tradestation? The 200 MA’s are useless on my charts even though it’s supposedly correct according to the customer rep. Should I bother posting them, much less trading off them? May be I should contact stockcharts.com and ask them to change their historical data. (PS. Went to stockcharts.com’s knowledge base and found that they adjust historical prices due to splits, dividends, etc., regardless of how big or small the adjustment is. Obviously, Tradestation’s policy is different depending on the dividend size.)
The bears lost today, but fortunately, it’s very near the end as the do or die inflection point is within touch. See the circle area below. It will be the day of reckoning.
I added 700 shares of SPXU today. I’m back to 60% loaded even though my faith is fading. Also added 500 SDS on my IRA. Those who read my blog for laughs can buy UPRO, FAS, and TNA instead. Going against me is guaranteed to make you money.
Portfolio Value: $123,300