Not much going on today from a trading prospective as we await the payroll numbers tomorrow morning. I stuck to my plan today and added $SDS this morning, as noted in my previous post, and so far it is working to a T.
I’m sure trading will be light tomorrow as most traders are taking a well deserved labor day break. I’m fixing to leave for New Orleans to take a look at my boys in thier last preseason game. Normally, I would never go to a preseason game, but the tickets were free and I’m meeting up with a few old friends.
I plan to hold the $SDS overnight and will likely hold until we get back to the oversold cycle. Off to the big city for a few much needed drinks. Who Dat?!
Updated SPX chart:
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Have fun @RC. Not too much. We need you back raring to go for next week.
I’ll be back tomorrow afternoon. short trip.
SDS to hedge your longs, or did you just time this move properly?
sold longs yesterday & this morning, entered $SDS. All trades noted real time inside our trading room.
Decided to take the quick coin off the table, sold the SDS @ 23.03. Back to cash here.
not a saints fan, however I am an Oregon State Grad so I do plan on watching the saints since Sean Canfield will be playing
NG chart: http://chart.ly/x43qixx