ES -- DX/CL -- isee -- cboe put/call -- specialist/public short ratio -- trinq -- trin -- aaii bull ratio -- abx -- cmbx -- cdx -- vxo p&f -- SPX volatility curve -- VIX:VXO skew -- commodity screen -- cot -- conference board

Friday, November 09, 2007

 

closed most of my shorts


on the heels of saying i don't think yesterday's bottom is durable -- this morning into the very weak open. not looking for a rally yet -- the downswing may have further to go -- but i guess i'd rather be early getting out this time in spite of the crash potential of this market.

so i sold my russell 2000 and financial short positions in all accounts -- but retained my ndx shorts. if there's more downside (and i suspect there is, and that the weakest position is in the heretofore-infallible-but-suddenly vulnerable ndx) that's how i'll be participating. that is, however, much smaller exposure for me.

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