There are no new short positions for Monday’s stock market session as there is still no downtrend in the market. Until the market makes lower highs and lower lows, history has proven without a shadow of a doubt that it is foolish to begin shorting a market. The greatest traders never shorted a market in an uptrend or “predicted” a top in the market so why do so many “professionals” try to do this? I don’t know and I don’t care. The fact that this continues gives me the confidence to know that I will have a career trading stocks forever. If you want to know what a stock should look before you go short study some of the recent oil&gas stocks that have completely rolled over below the key moving averages on volume: DVN SWN UPL and NBR are just a few of the stocks that we could short if we had a downtrend. Even then, these stocks do not offer the proper reward to risk ratio to go short anyways. Right now, we have just one distribution day and no one should think that it is time to go short the market.
new short positions: none
none
