The market had one bullish intraday reversal on Friday which does not mean anything on an intermediate term basis but does mean that all the possible new short positions were nullified today as every single one had some sort of nice intraday reversal. That means we continue to wait for the right moment to add to our existing short positions. LUK was not taken as a new short as my limits did not hit. The market is still clearly in a downtrend and that means I am just waiting for the right setups to go short. They just did not happen on Friday. Enjoy your Super Bowl weekend. Aloha!
new short positions: none
none
