David Fuller's view Not liking the short-term outlook for stock markets, I opened another hedge short position this morning, this time in the Nasdaq 100 Index (weekly & daily). I sold the June contract short at 2363.6, including a 4-point spread-bet dealing cost.

I also have shorts in the S&P 500 Index (weekly & daily) and the German DAX Index (weekly & daily). All three of these indices have shown relative strength in recent weeks but also some loss of momentum recently. I am hoping that this triggers some profit taking by long-side investors and I am looking for some mean reversion towards the 200-day moving averages. These contracts are easier to trade than most due to lengthy opening hours and comparatively narrow bid/offer spreads.

This evening, I reopened a short in lean hogs (weekly & daily), selling the June contract at $93.49, including a spread-bet dealing cost of 15¢.

In after hours trading I increased my German DAX short, selling a September position at 7350.8, including dealing costs, increasing the overall stake by 50%.