The last 2 days proved what i was talking about...the rally over the last few weeks was very weak with no institutional buying to support it. On Monday, we had a huge intraday reversal that was a clear signal to the end of the rally and time to get out of longs. On tuesday, my NYX position started selling off and i took my 13% loss and got out of my defined stop loss. NYX was down another $2 today.
Covered my MA short i put on monday for a little profit. Oil was up $5 today which looked like capitulation of the shorts. I added to my DUG position (short oil) today and shorted FSLR at $286
No comments:
Post a Comment