You could be right. What are you shorting ?
Because now is year-end, maybe some hedging is necessary in either directions .... not that I know anything but ...
US stocks took a slight breather today after a big move
up on Monday. We are still looking for more upside off
the bottom that was established on Friday although not
expecting a longer term uptrend but more of a 1-2 week
uptrend.
We still expect a herky jerky type of trading action on the
market indexes and we are seeing fewer retail investors
in the market as they sit on sidelines during volatile
times. The odds favor a long position at this point with
the goal of making smaller profits of 7-10% in a 2 week
period. The key thing is not to get too large in any one
position or sector.
Standard & Poors cut the credit ratings of several large
banks after the market as they change their rating
procedures of financial institutions. The stock futures
are not down substantially but the real negative news is
likely to come out of Europe.
Feel like shorting banks, some chinese fake stocks, nflx, amzn. But i do hedge on the shirt position to protect unexpected up side.