Wednesday, 23 December 2009
Short S&P 500 Trade Stopped Out
My two-month-old short position in the S&P 500 was stopped out today. As usual when this kind of things happens, I take this as a sign that the market is moving so strongly it is going against historic norms. So I'll look for opportunities to go long based on the charts.
Also, please note that due to the holidays, this week's Commitments of Traders report will be delayed to Monday. I'll update this site before the open on Tuesday. Hope you're doing well this week, and best wishes for the holidays.