There are no new short positions as the market is not clearly yet in a sustained downtrend. Right now, we are getting more volatile but still backing and filling before either a rally or another selloff. Odds point to a selloff but the market can and WILL do anything it dang well pleases. You better get used to being disciplined, not trading without any clear setups, trading with the trend, and sitting on your behind in markets like this. If you don’t, you will not last long. I know when to attack and when to not. It is not time to attack yet, for me. If you are impatient or “must make money today (rolling my eyes over and over)” then give PWR or AAP a try. Both would be possible new shorts if the market was already failing at the 50 DMA on the test and rolling over.
new short positions: none
none
