There were 42 stocks in my two main short scans and none of the candidates are in that comfort zone that I like when I am going short stocks. That, along with the strength in the overall stock market and the amount of nice bases that I see being built everywhere, is enough to keep me from going short stocks here. The market still has a short-term uptrend, sub-intermediate uptrend, and intermediate uptrend to it and that makes it very scary to short. Since the rally is coming on low volume, I find it hard to believe that we have seen an ultimate bottom for years to come but for now the uptrend that is coming on lower volume is very strong and is producing a lot of decent long candidates and is setting up a lot more for potential future long positions. If volume can come into this market, while we move higher, I will get very bullish and will cover my remaining 8 shorts. However, they are still in clear downtrends and even though you should NEVER short a dull market, as the famous market axiom goes, as long as you are short stocks still moving lower, there is no reason to fully cover. But if this rally takes off on strong volume, I will move all my money into long positions as being short a market that is flying higher is quite a poor way to make a living.
new short positions: none
none
