Use access key #2 to skip to page content.

SharePlanner (< 20)

SharePlanner Reversal Indicator

Recs

1

September 10, 2012 – Comments (0) | RELATED TICKERS: SPY

I have to say, that the latest rendition of the SPRI has me thinking strongly of adding a few hedge/short positions to counter-balance my portfolio some. I'm sitting on some nice gains on all my positions and the ones like Amazon (AMZN) that is way outside its Bollinger Bands are also opportunities that I'm targeting for profit taking. 

As you'll see below, the SPRI is showing some glaring bearish divergences that quite honestly I didn't think would still be there after last week's strong market showing. But it is, and that's worth noting. Now, don't get me wrong though, I want price to confirm what we are seeing on the SPRI, so that means I'm not going 'all-in' to the bear side, but will look to reduce my long exposure in the 'here-and-now'.

Here's the SPRI Update

0 Comments – Post Your Own

Featured Broker Partners


Advertisement