- 1) We drop hard in the next week and begin the next down leg of the bear market
- 2) We bust out of the top of the trading range and set new highs going into the new year in a blow off top.
Because we could fall from here I am lightly positioned short. If we do rally from here I will greatly expand my short allocation; if we fall from here I will short into any bounces along the way. Here is a look at the portfolio right now:
Here is a list of potential shorts I have complied from various locations:
ED, CNP, X, CENX, CI, LUV, MRVL, AXP, CAL, CMS, CMCSA, D, DAL, DUK, LOW, MHP, PCG, PEG, XLU, XEL, UAUA, BA, USO, GE, DOW, FXB, NBG
So we wait. With only a small amount of my portfolio invested I can wait for awhile. I'll post another update when soemthing dramatically changes.