Profunds index and sector trading

[Namiar]

<<do you currently have any positions?>>

I am 50% long today. I will go to cash if the NDX closes up 0.4%.

And I will open a scalp at the close (~75% long) if the NDX weakens significantly. Although the scalp signal is more dependent upon weak internals than the NDX price.

Otherwise I shall retain the 50% long position.

Re: the SOX. Fundamentally the semicap Book/Bill ratio was very strong the other day. The market didn't rally, but that may be more attributed to DaBoyz screwing around (trying to create buying opps) following the strong runup. I would not be surprised to see the SOX launch into a spirited run at some point soon.