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