I came into today with my portfolio 100% in cash. But early on this morning when the market showed signs of weakening, I went ahead and added a short position to the portfolio.
I don’t have any desire to add more short exposure until I can see what this market intends to do overnight. I may not even hold my existing short position that I have overnight. It really has everything to do with how the market responds into the close.
So the trade setups below won’t be added quite yet, I first want to see if we can build upon the sell-off today and into tomorrow first.
So stay tuned…
Here’s the bearish trade setups:
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