Short-term shorts were closed today by computers and I lowered the hedges for some of my key models. I am not sure if the weakness will remain tomorrow but this week’s low can act as psychological support for me.
I have spent a long time looking at this picture today. For some reason, the PE Ratios and Blue Bars are not looking strong enough to me. For the first time in a while, I have considered that we might have a negative quarterly candle, meaning it for Q4 2021. However, you know that I am not into the guessing game. We are just at the beginning of the quarter.
In the very short term – looking for higher new highs can pay off – some of my models took long exposure today.
Others closed shorts with some gains. I decreased the hedges for R Option as volatility contracted today.