S&P 500 Short Position Update for June 9, 2010

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After trading hours Monday, we shorted the S&P 500 again via the futures market – because, well, we couldn’t bare to be on the sidelines anymore. We had HOPED for a rally that would carry the S&P towards the 1120 or 1130 mark.  It did not materialize. The reversal was sharp and swift.  It was […]

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After gapping WAY down at the opening bell, the S&P (and other indices) rallied throughout the day, slowly but steadily climbing back to even on the day.  All-in-all a very respectable showing, as the first major test of support at 1050 for the S&P held. The S&P did set a new intraday low for 2010 […]

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