While I am very upset that the market had such a violent rally on lower volume every day last week that ended up knocking me out of my beautiful CHD short. That was a near-perfect setup and an insanely volatile market killed it with low volume. Now that the trend is back in effect, the stock is working again. This is the kind of crap that gets me upset real easily. However, I know this stupid crap MUST change and hope that THOR and RGA will help give us make some money when we are obviously right about the trend. That lower volume counter rally last week was ridiculous and if it can kill a perfect short setup like that, there is no way I can go heavy in any more shorts. My confidence in taking new positions right now is shot. So THOR and RGA will be very tiny and I don’t recommend those new to shorting to touch RGA as there is a ton of inherent risk in the stock on just a normal pullback. Please be very careful out there as this market is insane. If you are not already short, you are probably too late to take anything safely short. This market is in no-man’s land and that is all we can say about the market right now. It is pure insanity and we will have to wait to build positions when some normalcy returns. It always returns we just don’t know how long this will last.
new short positions: THOR RGA
THOR is reversing and breaking down below the 50 day moving average, on huge volume. Cut your final loss with a close above the 25.38 level, if the stock does not move lower immediately.
RGA is failing right at the 50 day moving average, on strong volume. Cut your final loss with a close above the 50 day moving average, if the stock does not move lower immediately.
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