This post was just published on ZYX Short Change Alert.
Yesterday we recommended shorting a 5% tranche of SPY and a big tranche for those not in the position. Consider taking profits on the 5% tranche from yesterday right here around $159.45.
For those who initiated the position yesterday and have a 15% to 20% tranche may consider taking profits on half right here around $159.45 and hold the other half.
Another option is to put a protective stop in the zone of $160.27 to $160.43.
