Tuesday Strategy
On October 11 we cautioned that "global markets remain at mania highs, so if we're going to be
extreme in our positioning we definitely wish to be extremely short."
It's no surprise that the bounce so far has been very weak and suggests
another plunge to, or beyond, recent lows for at least one major index.
We have repurchase levels in place for positions recently sold for significant gains, in case of a better bounce, and in case of another leg down in general markets we wish to close additional positions.
We'll sell 1 of our 4 remaining TZA positions if we can get at least $12.10
We'll sell 1 of our remaining 3 VXX positions if we can get at least $39.70
It's no surprise that the bounce so far has been very weak and suggests
another plunge to, or beyond, recent lows for at least one major index.
We have repurchase levels in place for positions recently sold for significant gains, in case of a better bounce, and in case of another leg down in general markets we wish to close additional positions.
We'll sell 1 of our 4 remaining TZA positions if we can get at least $12.10
We'll sell 1 of our remaining 3 VXX positions if we can get at least $39.70
PLEASE READ DISCLAIMER AT BOTTOM OF PAGE
posted by C. Guinness @ 3:13 AM
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