Yesterday’s pit session low was 1280.80. A close under this level is needed to put in an outside daily reversal to the downside. BIG LEVEL!
Markets are overbought. Buy the SDS @ the market with a 17.90 stop. This is a short S&P 500 trade. We are viewing this as a contra trend nibble!
We have a small position “Long SDS”.. We know of lot of you have decided to stay on the sidelines. We want everyone to be on the same page as us, with no surprises in the A.M. as to phantom … Continue reading
This has been a big trading market all year. There is no reason to think it won’t continue. That being said, you have to take your shots at the 6-8% trades when they avail themselves. That means selling the rallies … Continue reading
21.72-21.33 corresponds to the Futures level in the S&P 500 of 1197.50-1206.50. You’ve got an hour left in this capital flow. Then, short term guys can start looking for possible contra-directional moves in the equity indices.
The #’s have not changed for the downside. Mid to low teens… 1205-07 is a cover the first time down… We will exit 1/2 of our short S&P position just above this zone! Place your orders accordingly! Only a close … Continue reading
I’m buying a small position in the SDS ( Short S&P 500 Futures) The stop in the SDS is a close below 20.27. Futures Traders…there are 2 levels…Day traders… Those with less risk aversion, can try to manage shorts against … Continue reading
You should be out of all short stock index positions!
Those of you that have not played this swing down should put on a partial short via Long the SDS or Futures against today’s high.