Off your game?
Read our free, updated as of Mar 3, 2022, Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
Meet Dr K !
Chris Kacher
  • Nuclear physicist
  • Stock & crypto market wizard
  • Blockchain builder
  • Bestselling author
  • Top 40 charted musician
  • Biohacker
  • Former computer hacker
Your email will always remain private.

SSS - Thoughts on the Short-Side for Thursday December 29

You can't assume that the market will hold firm going into year-end, and there are enough precedents in history to show that this is true. For example, at the end of December 2007, just before the market began its second downleg off the peak of October 2007, the NASDAQ sold off on the last three days of the year.

BIDU is working well today if you shorted it yesterday. CRM is hovering around the $100 level and remains in a shortable position, using the 102 level as a "paranoid tight stop." One could use 3-5%, up to 103-105 if they wanted to, based on one's own risk preference.

We would keep an eye on  AAPL here as a failure back down thru the $400 price level would provide a reference point for a short. If the market remains weak a test short could be put out here using today's high as an ultra-quick stop. Also, keep an eye out for FOSL as it could break out to the downside if it pierces 80 support, more or less. It's possible to test shorts into any short-term bounces off the 80 level, using the usual stops based on YOUR OWN risk preference. Remember, there are no "magic" stop out levels, only levels that keep you within your own risk tolerance. Whenever you place a trade, think about how much you are willing to lose FIRST, then stick to your stops.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (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. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
Copyright ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy