The stock market was very active with shorts on Monday, despite there only being one taken. Today however we were back to the usual selection of stocks that are either too far away from the 50 DMA, had big intraday tails, and/or were down already way too much from the top to be a safe and smart short. Instead, with the market still in a short-term and sub-intermediate uptrend, on low volume, we need to focus on longs here and remaining heavy cash as we wait for volume to either return to the upside or downside. Until then, going short in this overall low volume environment is very dangerous. And that is why you hear people say “never short a dull market.” There is no doubt about to me. This market is EXTREMELY DULL! I need some excitement and I need it soon or else I am taking a trip to Tahiti.
new short positions: none
none
