Paper Package

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I’m having a good day, in spite of the green you see on ES and NQ (eleven years of fake markets, and still going strong!). A couple of standout shorts for me today include Packaging Corporation of America , shown here. I’ve decided to cover it and take my profits, as it seems to be in a firm area of support, and the stock has never exhibited an ability to fall for prolonged periods.

The second one, International Paper, is more of a “keeper” for me. I’ve tightened up my stop to 45.40 and even added a little to the position.