Wednesday’s update on SPY and my Short positions.

The S&P 500, SPY, and or my C-Fund has made sure that I will not be moving out of this fund this week, but it is close and it requires another week to make the call. Today’s chart shows  that the SPY has a high of 109.47 and the 50 week MA is 109.05, so there is no way that the SPY completely clears the 50 MA.

To look at the weekly chart of the SPY, you would think that we are in a down trend, but until it clears the 50 MA it doesn’t give you the clear signal. Clear signal, Entire weekly bar is below the 50 week MA and the RSI is below 50. As you can see we are close. With that said, I’m also playing with some shorts and puts in my play account TradeFields, (an app on Facebook), and I’m buying real money puts in my TD Ameritrade account. I’m playing the downside of the market, but it is at risk because I do not have a clear cut signal.

So since Monday here is my report card at Tradefields. I’m up $136,221.01 in profit in my shorts. Notice I still have one long position in ABC that I have not been stopped out at. Pretty cool.

Here are my current Put positions with Google and JP Morgan the recently added this week. Up $645.00 in real money.