Look like we may have a replay of 2011 July & August if the current price actions continues its momentum.
Below is the path the train is following…
15m SPY chart:
Daily SPY chart:
Weekly SPY chart:
20% short (bought SH, SKF, & TZA)
10% long-term equity
3 Responses to The South Bound train has departed and the ticket price has gone up.
Closed out all short per technical signal to lock in profit.
Flat on SH, SKF, and TZA.
Long SPY (daytrade only)
Reshort by buying back SH, TZA, and SKF. Yes, I paid higher price than I sold to get back in.
Now 15% of portfolio is in short position.
Added more TZA and SH.
Now 21% portfolio is short.