Friday, April 30, 2010

Setting up the Weekend Shorts

Trade 269: Short ANN max position

I added to my position short of ANN as it hits the very extremes on all time period RSI's. Basically a reversal strategy with a hint of insanity.

If the ANN spikes out next week, then I'm pretty screwed.

I now hold 250@11.98, 200@12.23 and now 300@12.88.

Trade 270: Short sp500
Shorted 20 contracts @ 1205.4 - with stops @ 1221.4. The weekly's are hitting the 200MA - this is a very huge resistance level.