Once again everything in my scans that showed as possible shorts are still in intermediate term uptrends with 95% having their 200 day moving averages in uptrends. When that long average is in an uptrend, it is usually wise to not go short. So I will wait for some more backing, filling, and failing before I go short. However, I did give a stock to Platinum members as an early short and it worked very well today. I have three stocks that would make great early shorts for those that are super aggressive. All three aren’t in bearish overall trends yet but they all sure look like they will be shortly. I want everyone to remember that I am going on vacation tomorrow and will miss around six stock market sessions (well I will not miss them entirely). I will do my best to keep you all updated on my shorts, longs, and sells. I will also attempt to do one video every session, if I can. As for stocks to watch for future short positions if you are aggressive keep an eye on TNE, ACM, NWE, AN, DLB, EL, AGCO, HGG, JCOM, JOYG, DCI, PAG, TRAK, URS, WSH, SRE, BHI, PEG, BNS, GDP, SII, AMZN, CME, and DO. These are all starting to crack but are still not in the “I gotta go short this stock” camp yet. It will take more time before I probably put on shorts but anything is possible and for all I know there is a stock out there ready to show in my scans tomorrow as a short. Until that happens, I will continue to be open-minded here and will wait for a resumption of the uptrend or will be ready for a move lower. Great luck everyone and aloha. From THUR-next FRI I will be on vacation.
new short positions: none
none
