This team went short the S&P and the Nasdaq just over a week ago, but they have also been buying the dip in Europe against the position.
September 22, 2021
The markets were a little more exciting this week with all indices, apart from Hong Kong’s Hang Seng, ending the week in the red. This always provides opportunity for our traders whether they have been short, or looking to buy the dip, there is something for everyone.
Wall Street’s S&P fell 0.8 per cent on Friday, ending the week down 0.98%, the benchmark’s worst weekly performance since mid-June. Timing a short sell is always difficult and on Friday morning it was 50/50 as to who was going to have the better of the week, the short players, or the long.
A couple of strategies made small gains, such as Equity Basket Buy and Sell and European Index, but Friday afternoon’s session just pushed it in the direction of the shorts. One or two strategies have bought into the dip, which will hopefully prove profitable over the coming weeks, but over the last 5 trading days, the best performance was Cambridge FX School.
This team went short the S&P and the Nasdaq just over a week ago, but they have also been buying the dip in Europe against the position. They are now long the FTSE and the CAC against the shorts, which meant they managed to make a remarkable 10% increase in profit since last Saturday. This strategy has proven very successful and anyone linked to them have seen some fantastic trading and been given a lesson in how to make money from a falling market.
Well done to all the traders this week, it has been a tough one, but opportunities have arisen and we look forward to seeing how they play out in the coming weeks. Have a great weekend and enjoy the sunshine.
For more information please feel free to email us here, or book in a call with one of our directors to hear more.
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