Trade Alert For Equity & ETF Models
With the market back to more extreme oversold levels on a short-term basis, and trading into 3-standard deviations below the 50-dma, we are set up for a decent reflexive rally back to 4000 on the index. While there is downside risk to the markets currently, we are well underweight equities and are holding a large cash position. Therefore, we are going to take the profits in the remaining shares of our Short S&P 500 Index (SH) trade and look to add back that hedge on any rally.
Equity & ETF Models
- Sell 100% of the S&P 500 Short ETF (SH)
