Selling SDS at the market for a 4.5% loss. Stocks have recovered early morning losses, and I am not comfortable staying short.
We bought the SDS at $13.41, and are going to use a close sell stop at $13.37. Not wanting this market to go plus today.
Buying the SDS which is the (double short the SPY) ETF.
We could be testing the previous upthrust, and we have an overbought Technometer. We look for lower prices in the stock market from here.
Going short stocks here looking for a correction of recent advance.
I am buying SDS at the market. This is the Proshares UltraShort S&P 500. It is 2X short. Current Price $19.60
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