Stock Market New Sell Signal on Nasdaq and SPX
Stock-Markets / Stock Index Trading Jun 26, 2009 - 05:48 AM GMTBy: Angelo_Campione
The market hasn't been able to continue its push lower and is now showing signs strength. We're also leading up to end of quarter and so a retest of highs is possible.
As a result, for the open on Friday June 26, we're going to suggest the following:
Close the short in the SPY by 25% of the capital you have allocated for this strategy at the open. **
AND
Close the short in the QQQQ by 25% of the capital you have allocated for this strategy at the open. **
The result of our positioning after these trades are done, is:
SPY: Short 50%
QQQQ: Short 25%
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