Subject: Re: OT: what to ETF to short now for hedging?
Anyone has view in what to short in this market? Sector or special etfs?
I believe that when Jim Mungofitch put together his RSP lazy-man system, and used the 99-day no-new-high signal to inform, when the signal was unfavorable, he proposed shorting the Russell 2000. So you could short IWM, or purchase RWM (-1x), TWM (-2x), or SRTY (-3x). For Futures, the R2000 micro-mini (at IBKR) is M2K (~$12,600) or RTY (~$126,000) per contract. At Schwab those contracts use a hash in front of them, i.e. /M2K & /RTY.
Dave