Short based on Bad Durable Goods Data #S&P500 #Shares #economy
I short the S&P500 due to bad fundamental data today.
The S&P lost already over 1 percent and i think it will continue.
1. Durable Goods Orders shrank by 3.4 percent in December 2014. Core Durable Goods Orders down to -0.8 percent after a -1.3 percent in the previous month.
2. US manufacturing PMI is at 53.7 in January, down from 53.9.
3. OK, New Home Sales increased to 481K from 431k but seems have no effect.
Best entry at 2043
TP 1989
SL 2085
The S&P lost already over 1 percent and i think it will continue.
1. Durable Goods Orders shrank by 3.4 percent in December 2014. Core Durable Goods Orders down to -0.8 percent after a -1.3 percent in the previous month.
2. US manufacturing PMI is at 53.7 in January, down from 53.9.
3. OK, New Home Sales increased to 481K from 431k but seems have no effect.
Best entry at 2043
TP 1989
SL 2085
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