03 March 2011

Simsci : All Set Short

  • Running short Simsci vs long S&P500. Slowly building positions on both sides by legging in.
  • Lunchtime news - Gadhafi, Arab League OK peace-talk plan = small reversal of Unrest Trades (eg gold+oil lower, S&P higher). 
  • Have made use of opportunity to complete the short Simsci leg of trade. Sold SSGH1 @ 361.1.
  • All set now on the spread. Matter of sitting tight and letting it do its thing.
  • Chart : Monthly rising wedge broken. Weekly double top broken and pulling back towards NL now. Daily bear flag. All point to ... SELL.

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