Covered Index Shorts, Bought EWZ
I sold my index shorts this morning taking the loss and walking away. This morning’s upmove just shows there is probably a larger down move brewing in the not too distant future (October). I may have gotten out early and we could close flat, but we’ll see. The position I had on was roughly a medium position so not all gains are lost from the other day, just a giveback and I hate to give back anything to the market.
Bought EWZ (Brazil ETF) @ 61.27
Emerging market etfs are popping today and I don’t know what that is saying just yet, but probably something to do with the dollar and possibly money moving from the US ahead of the bailout.
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