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Being short. I wish I had the foresight today to add to my shorts at the morning pricing window because it was good for at least 1%+ more. I made a little more than 1% today based on a split position in Inverse NDX and Inverse RUT vehicles.

I’m looking for more selling tomorrow morning and a possible bounce into the close based on the exact low close idea I’ve been spouting off about over the last few weeks.

We had exact low closes on COMPX and RUT. This is not as a sure bet as the past few times this has happened because ALL indexes at those times were on exact low closes. The fact that only two out of the Big 5 had the exact lows is a little shaky. Maybe this means we will see more selling with a red close tomorrow? I don’t know. However, I will be looking to cover some of this short on a quick move down.

I’ll post some short candidates later tonight.

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