mojoDallas (< 20)

Been Short Since May

June 12, 2011 – Comments (0) | RELATED TICKERS: EUM , SRS , SMN

I went short with my investments in early May before going on vacation.  All my indicators had turned to short everything but Gold and the US Dollar.  At this point I am in in:

SH - Short S&P 500

GLD - Long Gold

UUP - Long US Dollar

EUM - Short Emerging Markets

SRS - Short Real Estate

SMN - Sort Material

I don't think we are headed for a double dip recession, but, this is just the normal summer doldrums combined with a little needed correction.  I would not go short at this point, but, already being short I will wait until I see a change in my indicators before going long.  This week they said to stand pat, so, no changes. 

This week has a lot of Economy News along with triple witching ... so, it might be interesting.  

I am debating on placing a protective stop on GLD to protect some profits I have made this year.