SSS - Some Thoughts on the Short Side for Friday, August 26, 2011
|Published:||26 Aug 2011 15:36 ET|
Many leading stocks have been beaten down severely since the market break off the peak in late July. The market is likely in a "chop zone" where the short side will likely be uneven and the odds of success diminish, and this may go on for a few weeks. Therefore, we don't think this is the time and place to be aggressive on the short side, particularly when the Market Direction Model is in a neutral signal. Sit back and monitor the rally as it develops into a shortable situation again, and relax.
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