Tuesday, July 24, 2007

More short

This morning before work I added two more shorts to the works: SDS (short S&P 500) and MZZ (short midcaps).

The reason why primarily is I didn't like yesterday's close, and in the short term charts (5-min) the tide was definately turning, and that fit my thesis about Banking and REITS eventually leading the rest of the market down.

I'm down a bit, but that's a hell of a lot better than "down a lot"

No comments: