With the market up today and my scans virtually dry in all four of them, it didn’t take a PHD for me to figure out we probably wouldn’t have any shorts. Obviously, we did not and they continue to be all too far extended from the 200 day moving averages and strong resistance points. Still there are stocks we are watching for potential shorts if we do get a low volume rally that is followed by a high volume failure. If this happens some of the stocks in my scans today that could be future shorts include CNQR, RGA, PPDI, CAT, ONXX, RNT, and ALGT. For right now, there is honestly nothing that can be said that has not been said every day the past three months. So I am going to keep this section short and if you need more info into the shorts we are watching just go back and read the last 5 to 7 post. Cash is still king as there has been no bullish or bearish signal recently that clearly tells us which way this market is going in the near-term.
new short positions: none
none
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