There are no new short positions for Tuesday’s stock market session as the market still appears to have a short-term upside bias. This bias does not suggest a new uptrend is going to start but nobody knows what the future holds. One thing can be said is that if this uptrend continues with its half-hearted ways we will soon have some very nice shorting candidates. Right now, everything is STILL too extended from “safe” shorting areas. Some stocks I am watching include CS SU HBC FSYS ADBE BGC OMC MFC SSRI GPI and CML. Looking at these it should be obvious they are not in safe low risk/high reward positions just yet. Time can fix that.
new short positions: none
none
