Be patient with your shorts, there is really no strength to the upside yet. Dollar just came down a bit and the markets really didn't get much buying action from it. Also you can see a lot of buying of Gold today, this indicates fear in the markets, so lets hold on and see if this market can see some selling. As long as the ES doesn't climb above $1094, shorts should be in good shape.
$1092.25 to 1093.25 on the ES might be a good spot to add to your shorts. Just make sure you have a stop between $1094 and $1095.
Thursday, February 25, 2010
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