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Archive for the ‘$S&P500’ Category

World Stock Indices…

As of 21:00 GMT S&P500 down 58 points, DAX30 down 300 points, Dow down 300 points…
Deeply bearish, the DAX30 daily chart looked fragile to me last night, so I set a v.tight stop close to the market and was stopped out for a £22 loss (better than £300!) these stops are invaluable if used carefully.
Now [...]

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I am invested in “QID” the Proshares Ultra Short fund (2X gains for declines in the Nasdaq)

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Now the purge has gone through the system and we are in deep oversold territory it is time to close those shorts and open a position to catch the rally.
Today is likely a reversal day and we could now rally for a few days or into next week.
Corn showing weakness – now at 469 hold [...]

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The markets have been selling off with a vengeance these last few weeks. If you had been following my earlier posts you will see that a short position was entered when the 50 day moving average broke below the 200 day ma. Since, there has been quite a sell off – but now [...]

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Update – Short S&P500

The short S&P500 trade followed through, more downside ahead? possibly.
Will post trades and account balances soon.

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A trade I have been tracking for sometime is the potential big downdraft expected on the main US indexes – once they catch up on the fact that the key sectors on which the bull run of the last several years has been based have long since broken down – Housebuilders ($HGX) and financials. [...]

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