Friday, August 16, 2013

Shorts Setting Up

 First loss in the sp500 >1% in as far as I can remember.  CPI came in line, claims were lower than expected; the end of tapering was talks again.
Revisiting The Correction Roadmap - Alpha Capture ; VIX and More- SPX Pullback Table- The Fall From 1709 Shows the key price levels if we continue lower.
Humble Student of the Markets- Is tapering panic over- SPX Pullback Table- The Fall From 1709
Soros's biggest holding- A huge short position on the S&P 500 - The Tell - MarketWatch

“The last time SPY puts topped the Soros Fund was in the 30th June 2011 filing and we saw the S&P 500 lose 15%+ over the 6-7 weeks following, over July/August (during which time Soros reduced the position substantially). The position in 2011 was less than half the size of the current one which makes me think he might be anticipating a larger decline on this occasion.”
Given that my portfolio had been tilted towards Gold, it performed relatively well as the USD tanked and gold behaved like the safe haven last night.
Gold rallies on haven demand; silver up 5% - Metals Stocks - MarketWatch