18 March 2011

S&P500 : Sold ESM1 @ 1278.0

  • As per Simsci post earlier today, shorting equities seem to be a good hedge for rest of "No Deflation" Core Book.
  • Splitting my hedge between Simsci and S&P500, although the technicals for the latter are not as negative as the former.
  • Limit sell order for ESM1 at 1278 filled.
  • Possible that the recent down move has been too deep to cling onto the long term uptrend view. I am undecided here.