Replies to post #37068 on Profunds index and sector trading (PRO)

[was Steve]

had a great week with shorts on mon, hedged on tues and full long wed thurs and fri for an 8% plus week...so i would say thats an affirmative.

moving to full short for tuesdays trading. not expecting much of a gain but should it develop i wont complain

[euterpe1]

Yes, went long the am rydex price thurs and sold it at the am price today. I entered a short position here at the close.

I don't like the way this chart looks from a long perspective.

http://stockcharts.com/h-sc/ui?s=$NASI&p=W&yr=4&mn=6&dy=0&id=p31188234394&a=79741980&listNum=53

[euterpe1]

Put on a short RYDEX position at the close based on the strong Neg D on the hourly charts. That said, it will be a quick in and out.

We still look to be moving higher.

http://stockcharts.com/h-sc/ui?s=$NASI&p=D&b=3&g=0&id=p31021554740