With the market now above the 50 day moving average on all of the indexes, we might have to wait a few weeks to get some of these low volume rallies to the point of clear resistance levels or the 200 day moving average before going short again. I do think we will be looking to go short again based on the technical setup of this rally. The rally is coming on very low volume, following the big volume selloff right after the summer. This low volume rally will probably end up giving us some short setups in the future but for today there is nothing to do. Some stocks that I have my eye on for future shorts include KMP, VAR, STE, and maybe SIVB if it can have a big low volume rally. Besides that another new short was forced to be covered fully with a small loss. This market is a little tricky now but it will not last. Soon a clear up or down trend will emerge. For now be careful and continue keeping that cash level high.
new short positions: none
none
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