Despite today’s gains there were some stocks in my short scan that are showing signs of weakness. However, all but one (available for Plat subscribers in the “early longs/shorts” section) are no where near the proper reward/risk ratio needed for a successful short to take place. Plus, as long as this market is moving up, going short is like going all-in in a ring poker game with 72 offsuit and three raises ahead of you. It is just a really really stupid and suicidal play to your capital. I will stick to the long side, until the market and the leading stocks of this rally tell me to back off.
new short positions: none
none
