Since the recent rally, I am thinking of jumping in and shorting the Dow and S&P500. I found two ETF’s to short:
DIA – Diamonds Trust Series 1 -DJA Index
IVV – iShares S&P 500 Index
I was going to sell short at market and do a bracket trade with trailing stop at $1.00 for upward movement and a price 10 pts below for a target price.
First, has anyone ever shorted these ETF’s?
Second, should I increase my trailing stop to say $2.00?
Third, do you think the recent rally will be the last
considering the Philly Fed report yesterday?
