SSS - Thoughts on the Short Side Mid-Day on Friday November 11
As far as the short side goes, there is really only one thought, and that is that it isn't working. The market is erratic, at best, and QE may become the impossible force here. In our view there is no need to linger on the short side too long if things aren't working. AAPL is up a measly .38% but could rally up to the 50-dma at 395, while AMZN is still feeding off positive Kindle-related news. Not a lot of traction here, and the market environment is doing its best to make things as confusing as possible.
This information is provided by Virtue of Selfish Investing, LLC (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.