If you think we should be shorting this market the most convincing argument against that is the fact that all three of our shorts that we took in late January and early February, after producing gains for us, have now all reversed and left us with small losses across the board. Thankfully, we were also going long the signals we were given and all those longs have more than made up for those losses. This market is clearly trending higher with the Russell 2000 leading and as long as these low volume rallies keep lifting us off the lows produced by heavy volume selling there is no reason to fight it or try and outsmart the market thus leaving us with less capital to work with when the real time to short comes. Being long is still right, even after the heavy distribution we saw in late-October and late-January.
new short positions: none
none
