The NDX-100 opened flat and traded sideways all session closing 0 01%. The trading environment was perfect for shorting on spikes, which is our preferred course of action. We still believe the market is overvalued by at least 5% but must admit that the rally has been relentless even in the face of regular economic and earnings data. This week is China´s turn to release important economic reports, which will confirm if the economy is really cooling and its effect on international markets. On the economic front WTI closed lower as traders are careful before Chinas´ economic news as well as terror threats.
Today´s Profit USD 0 (Portfolio Size: USD 25,000)
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