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Shorting the S&P 500: Berger
Serge Berger of TheSteadyTrader.com is looking to short the S&P 500 at 2070. He says that the index has moved below its 21-day moving average and that the market breadth continues to deteriorate.
Berger says that May tends to be one of the weakest months of the year and he is setting a stop loss at 2100 and a target at 2015.
01:12 minutes
Tags: moving day average, saxobank.com, saxotradergo, serge berger tradingfloor.com, short, short-selling, sp500, tradingfloor, tradingfloor.com
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