I am 6′ 4″ but I am Short

At the moment we are seeing the U.S. markets indexes showing a nice bright green color. The vast majority of the stocks on my various watch lists are green. Everyone who is long feels wonderful after the green beer on St. Patrick’s Day.

So why am I short?

Like most traders, I utilize a variety of market “tells” – things I watch that help me to understand what is really happening “under the hood”. This week I monitored a small selection of stocks that either held up well on the blood RED days, or performed miserably on the GREEN days.

On Thursday I determined that CMG was not showing up to play ball – it just wanted to ride the pine. I sent out a few tweets regarding that and ultimately put on a PUT spread for April. Other stocks that made this “ride the pine” list were FFIV  and VMW. In addition, StockTwits provided me with other solid short opportunities (one from Greg Harmon, @harmongreg, in SKX).

As you are likely aware, today is OpEX day so expect some “extra” volatility. Good Luck.

2 thoughts on “I am 6′ 4″ but I am Short

  1. I’d like to say that I always enjoy your commentary and sense of humour. You have a great feel for the market and glide in and out of trades smooth as buttered velvet.

    Thanks for your participation in Twitterland.

  2. Pingback: Going Both Ways « So be it

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