Anticipating Another High

Today I'll be looking for anything not much below 1313.25 to be long. Anticipating another high before we head much lower.

I'm adding slowly to another tranche of SDS in my swing account, and using SSO calls against it. Today though, I'll probably use the ES which I've been trading more and more intraday.

I honestly think it's boredom that's making me try new things. I used to use the ES mostly as part of my hedging tactics with OEX options.

With a few exceptions of late, the OEX has been less than stellar during this up trend since August, suffering I think from what's been a low volume algo-driven environment.

Also, I much prefer the Tradestation trading interface over Interactive Brokers, BUT Tradestation clears from two separate accounts, which I don't like. One account stands to lose with a hedging strategy (unless there is enough volatility).

As far as targets go, anything over 1320 will have me on high alert for more shorts. One good sharp impulse down after that coupled with a lower high and I'll be gunning for below 1200.