Today's Trading Plan: Head And Shoulders Ready

By Ryan Mallory of SharePlanner
Monday, May 16, 2016 11:09 AM EST

My Trades:

  • Added one additional short position to the portfolio on Friday. 
  • Did not sell or cover any positions on Friday.
  • Currently 20% Short / 80% Cash.
  • Remain short: IWM at $111.29 and one other position.
  • Will look to add to my shorts if the market can continue breaking down. 

Chart for SPX:

SP 500 Market Analysis 5-16-16

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Louis Jackson • 8 years ago • Member's comment

Hope you covered your short positions. This thing is in full rally mode today!