18 August 2010

S&P500 : Sell Rallies

  • Getting nowhere fast with this. Am short at average price of 1086.
  • On daily chart, looks like this pullback tonight to just below 1100 is a good location to set up fresh shorts if not involved already.
  • Believe that low bond yields (smart money?) is correct in reflecting the weak growth picture and equities have limited upside from here.

1 comment:

Taichiseal said...

Sold ESU0 @ 1095