I lightened up soon after the open this morning, although I’m still in 43 shorts. My commitment level is 130%, down from 200%, and I offer some of the charts below as the basis for my decision: specifically, some of the best setups have become extraordinarily oversold. I doubt they will recover to their failure points, but I’d at least like to see some of these beat-downs reduced before getting aggressive again.
![slopechart AAWW](https://slopeofhope.com/wp-content/uploads/2019/08/slopechart_AAWW-3-640x343.jpg)
![slopechart APA](https://slopeofhope.com/wp-content/uploads/2019/08/slopechart_APA-2-640x343.jpg)
![slopechart AXL](https://slopeofhope.com/wp-content/uploads/2019/08/slopechart_AXL-3-640x343.jpg)
![slopechart BOX](https://slopeofhope.com/wp-content/uploads/2019/08/slopechart_BOX-640x343.jpg)
![slopechart GLNG](https://slopeofhope.com/wp-content/uploads/2019/08/slopechart_GLNG-1-640x343.jpg)
![slopechart JWN](https://slopeofhope.com/wp-content/uploads/2019/08/slopechart_JWN-1-640x343.jpg)
![slopechart MUR](https://slopeofhope.com/wp-content/uploads/2019/08/slopechart_MUR-640x343.jpg)
![slopechart PVH](https://slopeofhope.com/wp-content/uploads/2019/08/slopechart_PVH-640x343.jpg)