29Jan11:50 amEST
Closing Out the Jimmy-Two-Times Short; Chess Moves
I sold the rest of my SDS (ultra-short, or "two times" the S&P 500 Index) long at $23.26 from my $21.99 entry to lock in the rest of the win. I have other short exposure on, and the SPY (straight-up long ETF for the S&P) is back down to what should be some minor support here on the 30-minute chart, below. I my very well hop back into SDS later today or tomorrow. But, for now, I am going to take my gains when I have them in this volatile market.