Sunday, November 15, 2009

A nervous short caves

I covered most of my short Friday at the close. The market was simply not selling off... at all. I have covered the rest in tonight's electronic session. There are still a lot of warnings signs, but the fact is the market is not going down and we are now in option expiration week. Not the best time to be short anyway. The dollar is starting lower too.

I will keep watching for price to start confirming my fundamental outlook. As of now, I am fairly market neutral.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.