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Today is very "graphics-free", I realize. I just want to keep throwing tidbits of good things I am seeing; here is a list of the best shorts I've got now. I have doubled these positions today even with the Dow below 7,000! That's how much I believe in the long-term prospects of these shorts.
ACS
ADM
AEM
AMT
AU
AUY
BBY
BLL
CCC
CCI
CHSI
DF
DRI
EAT
FFIV
GES
GG
GMCR
GPRO
HANS
HOC
JWN
LH
LIHR
MA
MCK
MICC
NEM
NFLX
NTRS
POT
PTRY
SBAC
SLW
TNH
TRLG
VFC
It's probably clear from recent posts that I am uncharacteristically in a funk. I shouldn't be, because the market is plunging to new lows and my portfolio is doing superbly well. But times like this make me nervous.
I reversed my /ES position when we were down at 707 and am (as of this writing) long the /ES. That will disappear if we drop below 705.
I have put together this list of "lottery plays" and stops, but I've got to tell you, even though these are the best 20 charts I was able to find out of 400 possibilities, they still stink. I'm not even sure I will enter these positions.
ABD .66
AMD 1.85
ANN 5.79
APL 4.45
BKD 3.02
BPHX 1.39
CAR .37
CCRT 1.75
GKK .68
JBLU 3.08
LNG 3.29
LVLT .59
MDZ 5.76
MTL 3.17
OSK 4.23
PUK 7.14
STV 5.89
TCK 2.77
TNS 6.22
XRX 5.36
I'm sorry not to be posting more. I cannot believe how much I have to do. There is way more opportunity than time; I literally cannot enter trades fast enough.
I will mention I am covering 20 of my 40 /ES contracts (short, naturally) since we are extremely close to an important retracement level. I am keeping the rest in as "mad money."
I'll tell you my biggest problem right now: everything is going my way.
My shorts are doing fantastic. Gold is getting clobbered. OK, OK, the few longs I had are stinking up the joint, but they represent maybe 5% of my portfolio, if that (probably more like 2%).
But……..I have a mountain – -and I'm talking about seven figures – – in buying power sitting around, and it's killing me.
I don't want to overdo things, because I am understandably nervous about screwing up royally. So I am only half-deployed.
I'll say this, though – – no matter how low these indexes look, most of my shorts look like they've only started to fall; the possibilities are incredible.
