It’s still too early to tell if today’s market action is the start of a new trend. I am looking to add a short or two, but won’t get get heavily short until a trend starts. Today I went short FCX, DHI and NCTY, and they all went in my favor. However, my two new long positions, AGU and JASO, didn’t do quite as well (although they still have not broke down below support).
I’m glad that feedback to the video webcasts has been positive. I hope to continue to do one or two of them per week.