Smalls Roll Big

I’ve shorted IWM with a stop at 154.71, just above today’s high. This is on top of my 52 other existing shorts, all of which are individual equity positions.

Below is a close-up of the IWM (the small caps) with the PSAR and Bollinger Bands. Of note is that the PSAR has “flipped” bearish (note the red dots above the price levels).

A somewhat longer-term view with a trio of simple moving averages shows prices pressed down against all three lines. I’ve shorted IWM with a stop at 154.71, just above today’s high. This is on top of my 52 other existing shorts, all of which are individual equity positions.

Disclosure:

None. 

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