Diving into the cold water today. I've let go hedges and am focused now on being long for the remainder of the short week; assuming that plan doesn't deep-freeze performance.
Assuming this plays out like a reasonable market in a Good Friday week (ha!), things should start quieting down now and prices of leadership stocks should begin drifting upward; on lower volume. Saying 'reasonable market' is a stretch, but I have to acknowledge that many charts look very positive still and once again sellers cannot get much traction after a renewed attempt. I'll try to adjust quickly if this position fails; so far so good.
Retail is quite live today and various retail groups are ranked highest now in terms of relative strength. Retail is where I've focused most of my buying today.
Total Position: 4.6-to-1 net long, 72% invested
Currently Long (according to size): BBY(new), CYOU, TSYS, MNRO, BKE(new), NFLX, CHKP, ARST, RJI, MYGN, DRI, TNDM(new)
Currently Short (according to size): GE, AAPL
No comments:
Post a Comment