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Friday, January 30, 2015 Weekly Market Recap.
Year 2015 so far could be characterized as a year of a very choppy action. TheS&P 500 fluctuated within a tight 4% trading range for the entire January. Finally today, we got our sell signal in $SPY, but I think it may actually be a short to an intermediate term short signal and we opened a short by purchasing an inverse ETF called $SDS. Continue reading below and watch video here: http://youtu.be/2NRSjJjKxkQ
Best Regards and have another great trading week!
Alexander Berger (www.MasterChartsTrading.com)
Disclaimer, we have:
Open positions: TLT, GLD, GDX
New position: SDS
Closed position: SPY