I already have a 1/2 size position in BIS equity long, (NASDAQ Biotech Index 2x short), I'm going to raise that up to a full position size. If I were opening a brand new position here, I'd probably open about a 75% normal size position and leave 25%, just because of Friday's hammer candlestick, but otherwise, there are a number of charts in IBB and BIB (2x long NASDAQ Biotech Index) as well as BIS (2x Short NASDAQ Biotech Index) that are all confirming, the NASDAQ Biotech Index does NOT look good here.
I'll be posting charts in a moment, but the actual position is raising the half size core position to full size.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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