Great Trades

Great stock trades based on fundamentals and technical analysis.

Monday, March 16, 2009


Adding shorts

As we said this weekend, "we're comfortable being short here and adding on any strength early in the week." With today's early strength, there are more negative divergences showing up near 771 resistance, so our trading model is adding to shorts with the S&P 500 over 770 (SPY 77.6), over 100 points higher than the low on March 6.

The S&P rising wedge is nearing its apex, so the upside from here should be limited before a pullback starts. Adding 10% short S&P 500, 10% short Russell 2000.

Open Positions: 50% short S&P 500, 20% short financials, 10% short Russell 2000, speculative traders short financials an additional 40%, short an additional 20% S&P 500, short gold to hedge.

Comments: Post a Comment

<< Home


December 2005   January 2006   February 2006   March 2006   April 2006   May 2006   July 2006   August 2006   October 2006   November 2006   December 2006   January 2007   February 2007   March 2007   April 2007   May 2007   June 2007   August 2007   October 2007   November 2007   May 2008   September 2008   October 2008   January 2009   February 2009   March 2009   April 2009   May 2009   June 2009   July 2009   August 2009   September 2009   October 2009   November 2009   December 2009   March 2010   May 2010   June 2010  

Great Trades Home    Email GreatTrades

Great Investments Blog     Great Investment Articles Blog

Disclaimer: Great Trades may have a position in all or some of the stocks discussed in this blog, but is not paid by any company to promote their stock. Great Trades contains opinions, none of which constitute a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. Great Trades does not provide personalized investment advice.

Seeking Alpha Certified

Enter your email address to subscribe:

Delivered by FeedBurner

This page is powered by Blogger. Isn't yours?