Slow motion crash?
I've spent most of this morning outside shoveling about a foot of snow. I'm only about 1/3 of the way done!
I came in to cover my NASDAQ-100 short. I sold the QQQQ at 30.07 and 31.46 in the beginning of February. I just bought it back at 26.91.
So my shorts (and longs - see Friday's trades) are really getting whittled down to nothing. Too bad my money market is yielding .22%!!!
All I have left on the short side, and I mean ALL I have left is a decent sized position in SRS, a smidge of EEV, and, I almost forgot, a moderately sized short XHB position.
On a sharp moved down today, 300 Dow point or more, I'm going to dip my toe into the long side. I think the bears are a little too giddy these days.