I wanted to take a moment and go over many longer term shorts I have been playing to relay what I have been watching. Take a moment to back out the charts and grasp the bigger picture, bearish activity.
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Our agriculture and commodity themed stocks saw pressure today as the market gave back more than half of Tuesday’s gains. Tonight we discuss each position and the trading thesis going forward.
A few of our Inside the Tape stocks got the boot on Friday as stops were triggered and cash was raised. It was a nasty sell off and we now have to head back to the sidelines and remain patient.
We worked to fill the emotional cup a bit today on a partial sale. Now we have to watch to see how the character is on any backing and filling.
