One More Sentiment Extreme

According to Bespoke Investment Group short interest as a percent of float of the S&P 500 is at a level not seen since 2007. Yet another piece of sentiment data that will not matter until it does.

7 comments:

Anonymous said...

Case Shiller disappoints, Consumer confidence is well below expectations, 5 year bond auction stinks... market closes near its highs...

Deja vu all over again.

I think we need another spike higher to clear out position but I know you disagree. Are you going to increase your shorts if we continue to hover at these levels the rest of the week?

JD

Tsachy Mishal said...

Its likely that I will roll the strike of my Puts higher and to February towards the end of the week. That would serve to slightly increase my short position.

Tsachy Mishal said...

If we go higher.

Anonymous said...

My system launched a short today. Looking for a 1% drop in ES futures at any point Wed-Fri.

Anonymous said...

Ok, so you are looking for a move to 1242, where is your stop?

JD

Anonymous said...

system avgs up over 24 hours until target size is achieved as long as 1% stop on avg cost is not hit. initial position is 1/2 target. if price moves immediately in correct direction, system abandons target position size. will cover either 1242/1243 or by fri close.

Anonymous said...

Thanks, was just curious. Good luck.

JD