When all else fails, talk about your portfolio! That’s my mantra. Seriously, with so little going on with the market, allow me to post the relevant portion of all my short positions and say a few words about each in the caption area.
This is a massive top. It is moving as slowly as a glacier, but I think it will eventually bear great things.Here we have an analogous top in full breakdown mode.I am very pleased with how banks are continuing to erode.The same holds true here. The only requirement is to stay beneath these main horizontal lines.This is getting very close to completing its own head and shoulders top.This is probably my lowest-conviction trade, but corporate bonds might be a very cool breakdown if it ever gets beneath that blue horizintal.I trimmed a portion of this position since it was so profitable, but I will happily reload if it pushes back up toward resistance.I actually expanded this position, since we see to be finally cutting below the dashed midline of the channel.Here is yet another bank. This sector dominates my portfolio.This gargantuan right triangle top might take some time to unfold, so I bought puts with a very late expiration date.I’ve kind of beaten my fondness for semiconductor shorts into the ground, but here it is again.Lastly, Utilities did great today. We had a perfect trendline touch on Friday, a shooting star candlestick on Friday, and a price gap down today. Terrific!
