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kirill_EN
Jul 17, 2016 10:29 AM

S&P 500 - short 做空

E-mini S&P 500 FuturesCME

描述

VIX closed last week on the lowest level since august 2015 – and we all remember what happened then. This, combined with the highest ever level for S&P 500 make me a little cautious in the short term. Move up in S&P 500 looks somewhat tired. I believe market needs some rest and is ready for a small correction. So here is my idea for the trade:


buy AMEX:VXX (iPath S&P 500 VIX ST Futures) in anticipation of S&P to decrease to 2100-2090 level in the next one to two weeks or

sell short CME_MINI:ES1! (S&P e-mini futures) with the target 2091-2085.

As usual, watch your risk and follow capital guidelines.

评论

Look ar that NAAIM exposure index chart:
naaim.org/programs/naaim-exposure-index/

Seems to me investment managers have pushed their clients (equity accounts) to be nearly fully allocated to stocks.
评论
sushil6002
why do u think short in it......
kirill_EN
It's just a small short (for this week maybe). I already described main catalists in reply to Fitzndahyouwz.
sushil6002
ok fine..... but how may this metting affact the overall behaviour of spx500....may u tell me
kirill_EN
Inhale, then inhale a little more, then a little more – hard, isn't it? Today's market looks like it's fully inhaled and to be able to breathe (grow) further it may need to exhale at least partially. FOMC meetings are (almost always) bullish in the recent years, but how good market upward movement would be if it is already high? (everyone that wanted to buy already bought). I hope to see at least small correction or consolidation before growth will continue. That's simply an idea – market can do whatever it wants, and I'll adapt.

Hope this makes sense.
Fitzndahyouwz
Yeah I'm all for it but what is the catalist for the market drop?
kirill_EN
There are several: stretched levels in S&P and some indicators, Turkish coup and FOMC meeting 26-27 july (which was almost always bullish for the market in the recent years, and I prefer it to start rally from somewhat less extended levels).
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