Sep Dow Futures Down 119 as of 10:05: TAKE PROFITS ON SHORT FUTURES

  • Posted on: July 26, 2013

Currently trading at 15,367.  If you are short from an average of 15,500,  you have 120 ticks of profit. That’s 1200 bucks per contract.  Take some profits on a portion of your shorts.  Roll down buy stops on the rest so that your worse case scenario on the balance is a push.

If  this is the beginning of the pre August exit to the sidelines,  we could get a tasty sell off here.
Don’t let a winner turn into a loser. 

Support levels to use for profit taking:  15,143:  15,015 and then 14886.

CER