I am using my profits in my last S&P short position to short again. Bonds are weakening again and I think that will propel a sell-off in stocks.
Even if it doesn`t, I think it is a reasonable, not perfect, shorting spot.
Its much easier to trade when we are winning and way up for the month isn`t it?
Consumer confidence was much stronger then expected and it might fuel the rally even further. But Consumer Confidence has been influenced by the Green Shoots the media has been shouting about and the strong equity market.
If it were a real economic indicator I would be a lot more conservative and I could even go long instead of short. Take care. Don`t let them beat you.
Oil Trader`s Blog is a website for active online futures and stock traders. I will provide my real time trading decisions and my market thoughts on this webpage. Trading is not as hard as some think and definitely not as easy as some wanted it to be.
I post my trades in real time in my blog and with a delay here on Seeking Alpha.