The JTS is sensing a good shorting opportunity today. It will go short on the close, which moves the JT Composite all-in short. A few things to mention, I would not short TNA this time of year. Shorting XIV is out also, due to contango. IMO, it's probably best to short the SPX. I would be purchasing some SPXU today... How much SPXU would I purchase? Not too much. Liquidity via the Fed's POMO is strong all month meaning if you go short right now you're fighting the fed. They say don't do that. :) If I were trading, I'd probably go 40-50% short keeping 50-60% cash.
2012 stats are all done and I should be able to post them this evening. Heads up for that.
Thanks!
J
I will not short before end of trading tomorrow. 1st. we are close to spx last year highs, target 1494, 2nd new moon day tomorrow so expecting a final push towards 1500. good luck to all
ReplyDeleteI look forward to seeing the 2012 stats. Thanks, J.
ReplyDeletePut on a YM short in A/H @ 13435. Will short a gap up open tomorrow above today's HOD. But, still, overall, keeping it smaller than usual and taking profits earlier than usual.
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