Market update

It's been a whiile since the last post and the trend has changed as suggested . So what's now?

Entering a long position here , can cause major loss since conditions are pointing
for a correction.
XLE look weak as well as September is the worst month of the year.

Nevertheless I prefer to short the safe way, where market confirm the down move and then corrects up to lower move.

Position closed

While market was looking as it in a reversal mode ,we shorted 944 area .

A huge rally came to stop us out at 974. 30 points loss. 30-40 points is the maximum loss the Swingit suffers since a change in risk mangament occured a couple of months ago.

As for now,Market is very strong as even change in trend can occur.

Good trading

Position closed

We took a short @ 912 since market conditions suggested a pullback.
Since there is more juice to fall , we let the position ride.

Once there is a profit , we never risk the profit. A profit stop at 898 was placed and today was activated. Position is closed.

Good trading