My personal portfolio
Trailing stops triggered on DAX and S&P shorts; AUD/JPY long reopened
David Fuller's view I lowered
stops on my stock market index hedge shorts this morning because short-term
oversold and / or overstretched conditions are developing, often near 200-day
MAs. With DAX, my June short was bought
in at 5800 this afternoon, against my sale at 6021 on 19th May. Later this afternoon
my S&P short was bought in at 1080
against my short sale at 1104.63, also on 19th May.
Seeing
stock markets and copper rally, I repurchased my previously ill-timed AUD/JPY
longs below where they were closed out on 19th May. Today, I paid ¥73.67
and ¥74.07 for two equal-sized September positions.
These
prices include all spread-bet dealing costs.