Wednesday, July 29, 2015

Close out SPY trade by the end of the day today

As suggested in the last post, stocks have rebounded from the multiday sell off last week.

Last night I looked at times when stocks closed down 5 days in a row in a bull market which occurred into Monday's close.  There was nothing really different compared to the 4 closes down post I made a couple days ago.  The best short term trade after 5 days down was to close the trade out after 2 days, which would be today again.

So I suggest closing out the current trade by the end of the day today  Long term stats suggest likely further gains, but for the record here, the suggestion was for a short term play on this.


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