Friday, October 14, 2011

Hold signal.

I will hang onto my 50% short position over the weekend. Apologies for not getting the signal out there in a timely fashion... I was away and lost track of time.

Anyway, what a run this has been! 150 SPX points in a week and a half. The Nasdaq has been even more impressive with a solid breakout today. Although, it is approaching its 200day MA - where it will fail on its first attempt.

Have a great weekend!


  1. It's trying to get a short started. Double top today along with Germany's comments is helping the market to go lower. Hopefully below your entry.

  2. You're in the money!! (for now)

  3. Got a bit unlucky with that last second spike into the close, but I had made my trades just before that occurred so it doesn't bother me too much. :) A gap down Tuesday is more worrisome.