Bounce Trounce

No time again for posting, which has become routine.

If you're hanging on my words you're screwed anyway; sooner or later.

Seems like nothing but good news this week, capped off with the (much anticipated!) better-than-expected GDP report today.

Eyes have been glued on a bounce and the tape seems to have another direction in mind. I'd love to see how we handle negative news.

I've gotten market neutral from time-to-time this week, but vigilantly more interested to short strength rather than position for for any bounce (I've so far refused to get net-long for more than a few minutes). As long as the sell-waves outpace the bounces, I see no reason to focus more on upside; selling strength remains the operative.

Sure, counter-bounces can be sharp in a down market, but the larger move trumps the smaller jabs and traders are almost always best served to focus more on the larger energy.

Total Position: ~2.25-to-1 net-short, 55% invested

Currently Long (according to size): NYT (6.4%); TIE (5.1%); MMR (4.2%); CISG (2.5%)

Currently Short: AAPL (9%); JPM (8.5%); GWR (7%); TWM-long (Russell 2k Dbl-short, 7%); MS (5.4%);

Futures Accounts: no current position

Twittspitt for details