Friday, August 26, 2016

August 26, short into weekend

Broad indices were higher, sold off, tried to rally to break-even at 3pm, and went lower in to the close. Weak market tape. Metals were higher then sold off to a small loss. Dollar was higher and looks to continue higher. Markets failed to hold higher prices.

Went short SP500, SDS ProShares UltraShort S&P500, at 16.50.
Went short oil and gas, DUG ProShares UltraShort Oil & Gas, at 46.69.

Next week, going in to Labor Day weekend, will be light volume.

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