SSS - Thoughts on the Short-Side for Thursday, January 12th
As Bill Gross of PIMCO was quoted as saying, central banks everywhere are "printing like mad," and probably your first clue is the action of gold which has regained its 200-day moving average. If QE is a factor here, don't expect too much progress on the short side, if at all. Short-fuse stops on CRM and FOSL have been hit over the past couple of days, and as always the market's action is the final arbiter. Also note that several pocket pivots we've discussed recently have been making decent progress, and this looks more constructive over all as a fertile area to play in.
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.