Today’s outcome was a bit unexpected for me, quite honestly. I thought we would get some kind of afternoon sell-off, or at least fill the morning gap, but the market would have none of that. Instead, it just kept pushing forward, on volume that was absolutely horrid, which leads me to further doubt the legitimacy of this bounce.

However, another day like today, and there is a good chance that I may start seeing a few of my positions getting stopped out. As for now though, I still remain in good shape, and look to this market resuming its selling here any day now.

I only made one transaction today, and that was shorting the QQQQ at the market close. Cisco (CSCO) reported earnings after the bell today and the reaction was to sell the shares after hours. Let’s hope that sentiment carries into tomorrow.

Here is my current portfolio in all of its glory!

Click Here To See the Remaining Four Short Positions.

 

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