I may be premature, but the Naz printed a new recovery high, with very bad brea(d)th, contraction of new highs, in volume, and the Dow actually breached 10190, something is fishy, I think that after the fed's firework (whichever they are), we will start declining in earnest. Cash is now at 52%, I failed to mention the bucker taken from ERTS early on, I was otherwise occupied.
Despite my bearish stance, I play mostly the ranges of each stock, so, for instance if I can get back in ERTS at a fair discount ($47 to $47.5), I would reenter despite the bearish stance, just as I reentered ARO and CMN today, but I may not wait for a print of a new high on the like of SLXP, ZBRA, BLL, APSG and HANS etc. to take profits. If profits offered they will be taken and reentries planned at discounts, hopefully to the last entry. I will also try and selectively play the days swings in TZOO (hopefully, better than today), TASR, NVEC and some of the Q, but will try and limit such exposure to no more than 20% (max five positions, though lately I cannot handle that many).
