HSI Views – 14 July 2008
July 14, 2008
With the outlook for the markets this morning turning negative and the VIX index reaching near 30, I would stand by my current point of view to continue shorting the HSI at this point. It rallied up last Friday and almost +170 points at opening to surrender all to the wind and stands at -179 as I type this entry (11.54am). Prudent stops at the high of 22,1xx should be considered. I leave target open for now. Let’s see what happens at the end of today.
