close short

Closing here short at 1328 which leaves a 30.5 points profit.
The down trend hasn't confirmed to be done but we may have an up move towards the end of month.

Good trading

SHORT

Short here 1358.50. It's a risky trade but I smell weakness.
The stop will be here tight.

Good trading

Updated performance sheet

I updated the performance sheet of the blog.

These are only swings trades and usually meant to be less risky than my collective2 trades which contains also intra-day trades and swing stocks trading.



Good trading

Close Short

While the futures drop about 2% now , I suspect the market may bounce or close today at no change level. Therefore I close my short position here at 1268.50. Means taking 26.5 points profit.

The market is in situation of to be or not be. It can drop much further but can reverse from here at least intra-day. I dont take any chances.

Good trading

Close long and reverse

Ok. I closed the long with a loss of 30 points and going short here at 1295.00. June contract.

Good trading

Special update

While Market breadth indicators suggest a potential bottom , I don't like the recent price activity.
I may look for a good opportunity to close the long position. BSC collapse doesn't help much to calm the panic.
Maybe Mr. Bush will do the job later today.

Good trading

Update

The decision to reverse was a mistake. I saw some up momentum but it was too an aggressive trade which doesn't fit the blog.

However , I think breadth indicators suggests market is close to be bottoming.
It can slide down more but the correction is at the corner.Therefore I keep the long even with this drawdown. If you feel you can't handle it than you should step out and close position. I don't see the correction occurs tomorrow morning (though I would be happy if it would) but rather a complex pattern of few days. Patient is the key here.

Good trading

Close short and reverse

I close short at 1325 and reverse. Means going long.
That's 62 points profit.

Good trading.

Still holding the position

I am still holding the short from 1387.
If anyone of the readers wants to bail out , it's OK. feel free.
I see further move down as the support at 1325 should be broken to the next station which lies at 1302.

Good trading