I’ve got to make a decision.\u00a0 Futures indexes are all up, Asian markets opened in the positive.\u00a0 Pointing to an all round bull market opening.\u00a0 Nothing new is going to come out of Washington before the bell.\u00a0 They want the cautious optimism to continue until the 11th hour.\u00a0 The futures market seems overly enthusiastic.\u00a0 I”ll check it again in the morning.\u00a0 Selling the shorts depends on two things: will their be a bill that looks like it might get through the House and does the market look to be set for a rally in preparation for a bill to get through.<\/p>\n
There are other factors to take into consideration.\u00a0 Even a short term rally, which looks likely given the Asian and futures markets, could substantially\u00a0 eliminate any gains my shorts have experienced.\u00a0\u00a0 In fact it could shoot them below my original bye-in for a loss.\u00a0 For this reason I have queued my short index position for sale at the open.\u00a0 It looks like the market will open with a rally.\u00a0 I’ll sideline the proceeds to take action after a vote.\u00a0 If their looks like there are the votes for this plan I’ll buy in to a few selects I’ve been watching including getting back into the Brunswick Corp.\u00a0\u00a0 I did not sell my real estate shorts.\u00a0\u00a0 May dump those in the AM too.<\/p>\n","protected":false},"excerpt":{"rendered":"
I’ve got to make a decision.\u00a0 Futures indexes are all up, Asian markets opened in the positive.\u00a0 Pointing to an all round bull market opening.\u00a0 Nothing new is going to come out of Washington before the bell.\u00a0 They want the cautious optimism to continue until the 11th hour.\u00a0 The futures market seems overly enthusiastic.\u00a0 I”ll … Continue reading T-minus 1 Trading Day<\/span>