Sold my short/hedge position on SPX. I shorted on the gap up
into 4,500s and closed out near end of day. Used SPXS as my
instrument.
I also initiated a first entry in
XLC (communications sector), which is about 1/3 of
what I'm willing to own. I'm looking for a reversion to mean trade
there similar to what I did with IYT recently.
Could you guys please add this to the
newsletter?and cover the chart, positive divergence will
likely be setting up now at some point. I would appreciate
it.
I'm now out of IYT as it tagged its 50 day, perfect achievement
of the target. Pretty good run from 239s to almost 258. Good
enough. I used TPOR leveraged and IYT as my instruments.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Sold my short/hedge position on
Posted by fundamentalvalues on 21st of Apr 2022 at 04:12 pm
Sold my short/hedge position on SPX. I shorted on the gap up into 4,500s and closed out near end of day. Used SPXS as my instrument.
I also initiated a first entry in XLC (communications sector), which is about 1/3 of what I'm willing to own. I'm looking for a reversion to mean trade there similar to what I did with IYT recently. Could you guys please add this to the newsletter?and cover the chart, positive divergence will likely be setting up now at some point. I would appreciate it.
I'm now out of IYT as it tagged its 50 day, perfect achievement of the target. Pretty good run from 239s to almost 258. Good enough. I used TPOR leveraged and IYT as my instruments.