Well today is 1st May, hence, I shorted AMP, ANZ, BHP, BSL, CBA, ORG, TLS, WBC, and WPL all at the open this morning.
Last night the FOMC was as expected, but the USA GDP was 0.1% vs an expected 1%. I cannot fathom why the SP500 held up last night, but it played into my hand with most of the above stocks that I shorted up a little at open this morning.
Subsequently, China's PMI at 9am WST came in at 50.4, marginally below the target of 50.5. Consequently, the total profit on my 9 new shorts popped upwards shortly after 9am, At the moment 8 out of 9 of the new shorts are green, with only AMP slightly red.
Iron ore down yet another 2.7% yesterday, which will be setting up some excellent long trades when iron ore bounces again sometime soon.
I wanted to short WES and WOW on Monday, but I was busy at the time and missed these two excellent short opportunities. Did anybody short theses two on Monday?
More on the above tonight as I have to leave now. Good luck to everybody.
