Lighten up on your tech

Din realized how many times I was shorting Nasdaq until I was taking stock at the end of the week. The technical configuration on US tech is extremely negative, on a scale of 1-10 is 0.

Last night the Nasdaq gave up almost all it’s intra day gains of 1+% to barely register a positive outcome which is more symbolic than substantive. Will look to short the index in the coming week.

20140329-093155.jpg

20140329-093207.jpg

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s