ER2 has topped?

lynx, I don't have a historical chart of Russell micro vs SPX but do you have a chart that compares the SPX and Russell 2000 micro dating back to 1990?

I just want to see when spreads have occurred in the past between the two, how wide, and how long before they converge - if they do.
 
Stopped out of last week's short at B/E.

I *had* planned to sell short again at 774 but got side tracked with the bund and some currency trades and neglected to enter the order. Saw it trading at 775 and thought I'd hold off for 778.....

And that's all I have to say about that.......

Still looking for relative weakness in ER2 this qtr. For now though I will either sell at 774 or I'll sell on a 15min close below this mornings low. Small positions only -20% of total. Will add more only as the trade proves itself.
 
Short from 767 fig.

15min close below this morning's low coincides nicely with a break of a slightly longer channel.
 

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Quote from polpolik:

lynx, I don't have a historical chart of Russell micro vs SPX but do you have a chart that compares the SPX and Russell 2000 micro dating back to 1990?

I just want to see when spreads have occurred in the past between the two, how wide, and how long before they converge - if they do.
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polpolik, the following article (jan '06) has some good longterm charts of large vs. small cap relative performance and how it has stretched in the last few years (also the article is interesting).

http://www.kitcocasey.com/displayArticle.php?id=162

There were few other good charts... will post if I am able to locate them.
 
Quote from lynx2004:

Is the thread title appropriate now? (once again?) :)

somehow it feels like a bear attack is lurking around the corner...
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dunno..... got stopped out of my short from yesterday at B/E and ended up reshorting it 769.

I'm spending way too much time on this "strategy" but I can't help myself....

Anyways, as long as I don't lose too much on this perhaps it'll keep me from messing around with my other positions in currencies and bonds. And that would be a good thing.
 
Quote from lynx2004:

Is the thread title appropriate now? (once again?) :)

somehow it feels like a bear attack is lurking around the corner...
More...

I agree. I went short into the close. My decision was based on what appeared to be artificial price inflation, i.e. the moves up today we're spiking on low volume and no follow through. My stop is tight, at 770 since this is a discretionary trade, not based on technicals or price points.

Mike
 
Quote from Mike805:

I agree. I went short into the close. My decision was based on what appeared to be artificial price inflation, i.e. the moves up today we're spiking on low volume and no follow through. My stop is tight, at 770 since this is a discretionary trade, not based on technicals or price points.

Mike
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Before walking out the door, I had a quick look at intra-week patterns. Since start of the year Wednesdays have tended to be bullish. So I have just covered my short for a piddly 1 point. Prefer to sell into strength tomorrow. And if we don't see strength then I'll be looking to sell breaks.

Off to the pub to spend my one point.....
 
you know, one strategy you can use is to trade around a position. If you shorted 5 contracts of ER2, you can play around with 2 contracts during the day while maintaining a solid short on the 3 contracts.
 
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