Since the DOW and the FTSE now have technically confirmed weekly down trends I am bearish and we continuous to short the indexes. SP500 and DOW were sold last Friday at close. SWED and FTSE short positions are now 2 weeks old. All short positions are meant to be held up to three years.
Even though the Dow and SP500 opened with big gaps which have to be closed, today's opening became worse than expected. So here is the second warning for longer downtrends. The indexes always go together in big changes.We will add more shorts on any strength now. NIK, FTSE and DOW down trends are enough to make me believe the chance is bigger for downside than upside. But it is important to still follow all news from the US regarding the closure and the debt ceiling.This week might be very choppy.
Even though the Dow and SP500 opened with big gaps which have to be closed, today's opening became worse than expected. So here is the second warning for longer downtrends. The indexes always go together in big changes.We will add more shorts on any strength now. NIK, FTSE and DOW down trends are enough to make me believe the chance is bigger for downside than upside. But it is important to still follow all news from the US regarding the closure and the debt ceiling.This week might be very choppy.
No comments:
Post a Comment