No New Short Positions For Friday’s Stock Market Session

I have four short scans and the total number of stocks/ETFs in all of them combined to be ZERO. Therefore, there is nothing to add here other than there were a few more partial sells to lock in gains on shorts and there was a full cover on a recent short. We are down to 33 shorts from 35 and a few of the new recent shorts seem to be on the cusp of losing their current downtrend. Now, you all know why I have been saying to keep your shorts small the past two months. :) This is also why we went from 3 longs to 10 longs this month. That was hint a rally was coming which is officially here after yesterday’s close over the 50 day moving averages on all the indexes. Have a VERY VERY Happy New Year and I will see you back here on this shorts page on Friday.

Scottish poet Robert Burns:

Should auld acquaintance be forgot,
And never brought to mind?
Should auld acquaintance be forgot,
And auld lang syne?

For auld lang syne, my dear,
For auld lang syne.
We’ll take a cup o’ kindness yet,
For auld lang syne!

new short positions: none

none

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