Wednesday, February 17, 2016

Why I tactically shorted stocks today

Regular readers recognize that my inner investor is bullish on stocks, though my inner trader remains a little leery and expects further market choppiness (see Profit by thinking like Big Money). Despite my longer term bullishness, I tweeted this morning that I had tactically taken a small, underline the word "small", short position in SPX in my trading account.

I did it for the following reasons:
  • The market was due for a bounce - and bounce it did;
  • The market moved quickly from oversold to overbought; and
  • The technical structure of market action is a bearish structure.
The full post is at our new site here.

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