David Fuller's view Suspecting that more stock markets will loss upside momentum as the global reaction, consolidation and correction phase continues, rather than sell any of the equity positions in my personal long-term portfolio, I opened an initial hedge short position in the S&P 500 Index today (weekly & daily). I shorted the September futures contract at 1534.38, including spread-bet dealing costs.

This trade is certainly not without risk because there is no evidence that the bull market is over and the Fed is providing record amounts of QE, so I am only looking for a temporary pullback.