If I had been provided these weekly charts last Friday to show what the S&P 500 and the NASDAQ were going to do during my vacation, I would have assumed things were going to be pretty bad.
However, I made money – – and a pretty decent amount! – – on the week, in spite of being entirely short. This Russell 2000 index explains why.
Don’t get me wrong: Friday sucked, and I didn’t expect it. But by almost entirely avoiding tech, and sticking with well-chosen shorts, 4 out of 5 days worked out well, and I was net positive for the week. Still, this damned Magnificent Seven thing is getting awfully tiresome.