Wednesday, June 05, 2013

Changing my focus to the short side

The early part of this year has been one of the few periods over the last two or three years where I was 100% long in my own positions. While I always try and look for some potential trades going in the opposite direction, the strength of the uptrend led me to assume this position. The charts below of some of the major worldwide indices should need no explanation. While some of my long positions are still holding up, there are now significantly more potential shorting opportunities appearing. Given the state of the markets, that is where my focus is going to be.

While these charts are not the sole factor when determining my bias, the mere fact that these charts are signalling the start of possible downtrends will intensify my desire to put on some more short positions over the coming days.

No comments:

Post a Comment