Last Friday we saw a sell off in the market. The News telling us that's it because new trading regulations in China and a possible Grexit (Greece could leave the euro
zone). What ever it might be. I think, based of the bad data, the sell off will continue the next days . That's why a place my short position on Nasdaq100 at 4385.
The bad fundamentals are:
- US Industrial output fell to -0.6 percent mom in March, it's the lowest figure since August 2012
- disappointed US Housing Starts Numbers 926.000, US average is at 1447.25 Thousand from 1959 until 2015
- inflation rate in US was recorded at -0.10 percent in March of 2015