Short at 7352.30. Re-added a 6th a few points below my nearest long. Reasons: mindful of recent lows & that those factors haven’t gone away.
Closed at 7341.30. Booked 11 points. Shorts back down to 5, hedging 9 longs.
Short at 7394. A 6th re-added, now hedging 8 longs.
Short at 7431.50. Re-added a 7th. A huge bounce today, but I can see further reversals later due to various ongoing bearish macro-factors.
Closed 7404.50. Booked 27 points. Shorts down to 6.
Short at 7438.80. Re-added a 7th. Possible resistance a little above 7440.
Short at 7503.30. An 8th added as things again looking overdone.
Closed at 7486.30. Booked 17 points. Shorts down to 7.
Short at 7500.30. Re-added an 8th, same logic.
Closed at 7476.80. Booked 23.5 points. Shorts down to 7.
Short at 7501.50. An 8th re-added. Same logic.
Closed at 7491.50. Booked 10 points.
Probably closed this one far too soon, but I wanted to reduce shorts before next week & the rise in UKX dividends. Still hold 7 shorts, now hedged by 7 longs.
Closed at 7413.80. Booked 25 points. Shorts reduced to 6, hedging 9 longs.
Short at 7452.80. Re-added a 7th a bit higher; same logic.
Closed 7439.80. Booked 13 points. Down to 6 shorts.
Short at 7451.50. A 7th re-added, same logic.
Closed at 7439.80. Booked 11.5+ points.
Still 6 shorts left v 9 longs. Decent UKX dividend this week offering nearly 19 points.
Short at 7453.30. Re-added a 7th. Some resistance around these levels recently.
Closed at 7545.30. Settled for 8 points. Mostly because I want to maintain a greater weight to the long-side this week &, so far at least, despite the spread of Coronavirus markets are staying resilient. Shorts down to 6.
Short at 7463. Re-added a 7th. Restored parity with longs for a while.