Naked Hedge Fund

Spanish Bullfight

Naked Hedge Fund weekly. 2 page PDF report on full post.

Today we had a bullish bounce back. Full post has a chart to put things in perspective. There is resistance at the 200 day moving average around 110.50 on the SPY.

Naked Hedge Fund weekly. 2 page PDF report on full post.

This week has definitely been a nasty week for the bulls and a great week for the Naked Hedge Fund as stocks continued a slide down into bear territory. We haven’t been below the 200 day moving average since mid 2009. Currently the market is down more than 300 points as Stops are being triggered in every part of the market. The next line of support is at $106 on the SPY, but I wouldn’t be surprised if the bulls try to defend the 200 day moving average by bouncing back through at some point in the near future.

Needless to say we are currently remaining short since our rotation on April 30th, where ….

Euro or Gyro ?

Naked Hedge Fund weekly #26. 2 page PDF report on full post.