I've decided to start fresh on this blog now that I've moved from my hosted site to blogger.com.
Today I took a 50% short position in SDS at $26.40 with a stop loss order at $26.20.
Reasons: Extreme bullish sentiment according to Investors Intelligence and AAII; entering the weekend with a potential panic developing over the European debt issue and currencies wars; over extended stock market; longer term bearish expectations in the macro economy based on Consumer Metrics Institute data.
Adjusted stop loss to $26.45 at 11:26 PST.
--Fred
No comments:
Post a Comment