Just covered/bought back my short position in SPY I’ve had open for the past 1.5 weeks. Good trade and my S&P 500 target at 1276 was hit.
Risk was large for sale across the board on Friday with weaker data globally and funding stresses in Europe. Volumes were heavy at 8.3bln shrs (+31% v 5d avg & +18% v 10 & 20d avgs) China PMI weakest in 5mos (Crude -380bp, Copper -131bp, Gold +405bp) * Euro-area unemployment reached record 11% * US […]
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