Friday, March 5, 2010

An Expiring T is Not Necessarily a Short Sell Signal



I have been somewhat successful selectively selling short at an expiring T.  However, this is not a short sell signal.  Many other factors should be considered before initiating a short position.  Just to review things for a moment, I see all my T's have expired as of today.  Also, markets have had a tendency to top out after the job report announcements.  The concluding factor to my decision to sell short is the fact that the S&P 500 has been up for six (6) days in a row.  Just count the green candles on a daily candlestick chart.  Stock markets are not like a roulette wheel because stock markets are not a random walk.  I opened my short position in the late afternoon with the following trades:
Bot BGZ @ 15.30
Sld Sht BGU @ 55.93
Bot SDS @ 32.85
Sld Sht SSO @ 39.89

6 comments:

hannahzzz said...

I don't know the answer to your question. Just checking in with DC. Hope all is well.

Anonymous said...

Nice brief and this mail helped me alot in my college assignement. Say thank you you on your information.

Anonymous said...

This short has got to be getting a bit rough.

Speed Racer said...

DC: I hope all is well with you.

Anonymous said...

Anybody home?

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