We have a full on short squeeze unfolding today, and there is a good chance that it continues into tomorrow if Apple (AAPL) and the Fed don’t blow it at some point. So don’t go shorting stocks today. It’s not the time or the place for doing that. Let today play out. I covered my hedge and went 30% long while holding 70% still in cash.
However, this bounce is going to lose its steam at some point in the coming days/weeks and when it does you will want some short setups to fall back on and I have just that with the list below. So fight the urge to short the market here, no matter how good the setups are, and instead wait for the market to reel in the euphoria the bulls are feeling today.
Here’s my list of shorts:
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