BROAD STOCK MARKET TRADE ALERT (2:30 pm EDT)
It looks like we are getting the pullback in equity markets that I described in "Scenario 1" from my last blog so I am going to cover my short position now and go long in the broad stock market. A good stop loss point for this long position would be the "gap up" points from last week around 17,400 in the DOW and 2,040 in the S&P 500. If these indices move down and close those gaps there is a chance we could see "Scenario 3" unfold, but I think that is very unlikely now. Covering all short positions in the broad stock market and going long today.
It looks like we are getting the pullback in equity markets that I described in "Scenario 1" from my last blog so I am going to cover my short position now and go long in the broad stock market. A good stop loss point for this long position would be the "gap up" points from last week around 17,400 in the DOW and 2,040 in the S&P 500. If these indices move down and close those gaps there is a chance we could see "Scenario 3" unfold, but I think that is very unlikely now. Covering all short positions in the broad stock market and going long today.
RSS Feed