Tuesday, August 17, 2010

Shorted and sold all long

The market reached the 34 EMA which was my main target so I sold all my longs (for a nice profit) and I went 200% short on both portfolio. I think we're seeing a counter rally but I will be watching my stops carefully.

Portfolio 1:

Sold all FXI at same level (gained 5 points on that trade). Bought back the 1/2 short position I had sold at 1090
200% short @1095

Portfolio 2:

Bought back my full position sold at 1080
200% short

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