When you have as many stocks in my longs scans as I do tonight, and you are a trend follower, then you know that focusing on the short side is completely the WRONG side to be focusing on right now. The market had a bullish bias, after looking at over 5,000 charts this weekend, and as you can see today that bias was confirmed with a strong move higher. As long as this market is moving higher, even if the volume is lame, and I have nice stocks setting up and breaking out, I will remain biased and positioned to the long side. Don’t fight the trend. Right now, that trend is up, no matter what your opinions (mine included) are on the macro-econ picture. CEPH and NICE were the only two stocks on my short’s watchlist that were stocks. So if we begin to fail those rallies, we’ll take a look at those for possible shorts. For now, stay focused on that long side. Aloha!
new short positions: none
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