My personal portfolio
Comment of the Day

May 06 2016

Commentary by David Fuller

My personal portfolio

Two slightly in-the-money stops triggered.

David Fuller's view

Rather cautiously, I had placed protective stops on my S&P 500 shorts following a temporary decline, on the basis that if they did not continue to fall sharply we would probably see more ranging near the highs.  These stops were triggered on Thursday 5th May at 2058 and 2059, against my short sales at 2060.38 and 2061.63 on 3rd May.  These prices include all spread-bet dealing costs. 

Recent declines corrected many short-term overbought conditions on Stochastic indicators in the Chart Library but I will most likely be tempted to short again in the event of additional firming within the current ranges.  

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