... If you're on the right side of the market. Here's a short update of the positions that I've put on since the weekend.
I shorted $JEF last week and it's working beautifully. I also featured this in my weekend blog. I am short at 25.34.
I sold $SHOR yesterday when it broke through support at 7.00. I am short from 7.07.
$WIN was another stock that showed up on one of my scans as a short candidate. I also featured this on my blog over the weekend. I am short from 12.31.
$ONNN was added yesterday after breaking support at 10.90. I am short from 10.92.
This is the last short position, also added yesterday. I had $SCS as a short position previously; got stopped out, and decided it looked like a good candidate again. I am short from 10.25.
So that's where I am as of this morning. I also have 2 long positions; $PDS and $QGEN that I'll be watching going forward. Both are holding up well in this market. I'm monitoring $KFT and $SNH for long positions as well.
Finally... I have close stops in place for all of these positions. Any piece of "good" news could turn them very quickly, and I'm well aware that the markets are still in an uptrend, albeit one that may be under some pressure.
Stay well all and good trading to you.
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