For some reason, after watching price action this morning, I feel an urge to buy a ticket to visit the Southland. I sold all my THLD for breakeven and began my short campaign by buying SH, TZA, and SKF.
Currently, 11% long-term equity; 11% short position. From here, I will continue to add to my short if price actions demand it. Of course, stops are in place in case I’m wrong (again?).
Below is the charts that inspired me to visit the Southland:
15 minutes SPY chart below:
Below is the SPY weekly chart:
Good Hunting!
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Added SH, TZA, and SKF due to their taking out yesterday highs.
Current positions:
20% short (SH, SKF, TZA)
10% long-term equity.
70% cash.