Shortly after 2pm ET, I posted in the trading room that I just closed out a good amount of long exposure and added additional exposure (via TQQQ & TNA shorts, QQQ puts and QID & TWM longs in non-margin/IRA accounts). That took me from a net long to net short exposure. The primary reasoning for the changes is based upon the fact that the US equity indices have run into key resistance levels while overbought on the near-term time frames with most longer-term & intermediate-term trend indicators still bearish.
Moved To A Net Short Market Exposure- TNA Short Entry
Comments are closed.