09 October 2009

Nikkei 225 : Sub-Optimal Fresh Short

  • Missed selling the break of weekly UpTL around 10170 earlier.
  • Low since break = 9628
  • Pullback this morning. Fresh short at 9910, tiny 0.4% EAR.
  • Add if we do trade up towards 10140.
  • At this stage, unlike Rates, shorting Equities is a loss leader for Risk Off positioning. No sense rushing in or putting on too large a size. Early days yet.

No comments: