Eoin's personal portfolio: stock market index shorts opened
Comment of the Day

April 19 2016

Commentary by Eoin Treacy

Eoin's personal portfolio: stock market index shorts opened

Eoin Treacy's view

Short-term overbought conditions are evidence on the majority of stock markets so I opened shorts in the S&P500 and the Nasdaq-100 this morning. I sold a June Nasdaq contract at 4507.1 and an S&P 500 September contract at 2080.68 including spread-bet dealing costs. I believe the odds of a sustained breakout are currently outweighed by potential for a consolidation of what has been a powerful 10 week rally.

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