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, March 13, 2009

 

closed long, small short


i tightened stops yesterday afternoon and was stopped out of my three-day-old long near the open. picked up a small short a bit after 10am and added to it a bit after 11. i would expect to close it out today unless things are compelling.

though i fully concede and even agree that a more durable rally may now be underway, we've come really far really fast and a pullback is warranted. in any case, i want to scalp any profit in this environment quickly -- so i did.

UPDATE: closed at small profit.

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