Today´s Market September 04, 2013


The NDX-100 rallied throughout the whole session closing 1.06% positive.  Reuters mentions that U.S. Treasurys prices fell on Wednesday as investors saw a Western strike against Syria as less likely, with yields on short- to medium-term debt hitting two-year highs on speculation about when the Fed might tighten policy. Higher interest rates do not bode well for the economy, thus we are not convinced the stock market should be this high. We maintain our view that the market is in overbought territory and will maintain our strategy of opening short positions os spikes, which worked very well for us last month.

Today´s Profit USD 227 (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

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