Wretched close today (for me included) and potentially ominous for tomorrow.I ran from the bull as soon as it appeared today, but the bears who held patient today did very well. I whip-sawed profits and frankly, wore out a bit of the blood-lust spirit along the way. This may be a sign that we're in the chop (we certainly were today). And needless to say, that is not the place for a momentum madman to be.
If we're not selling off with distinction tomorrow, I'm backing off and going on that harpooning trip after all. That close was a bear however - so we'll see.
Note from the Tweedfeed >>>. I re-allocated to net-short in the after-mkt, via SKF and SRS.
[Late note added - today's close smacked a bit of the Friday close, Feb. 13th; volume really surged late today following a failure of today's once-promising reversal]
Position: currently 1.4-to-1 net-short...
Currently Short (according to size): SKF-long (Fncl's Dbl-short), SRS-long (Real-Estate Dbl-short), AEM, SGY
(Note: above long inverse-ETF's SKF and SRS represent being dbl-short respective indices)
Currenty long (according to size): ATHN, MYGN, SEPR
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