I am considering a short of $IWM $SPY and $QQQ, but I'm very hesitant to do so. For one, I just don't like shorting anything. And currently, there's not great risk reward in it after the steady drop. So if I short today, it will likely be in $IWM, and only after it starts breaking down. If it doesn't, then I won't. In my opinion, all indices deserve a short position if one is a trend purist.
I am entering $SOYB as it's shown some strength lately, and I hope to see it turn into a rally. If it doesn't, then I know when I'm out. I'm watching $WEAT as well, but I want it above it's 52-day SMA.
$GRMN also looks good, so let's see what it does about it's 50 day, and then enter on further strength.
$JO is just too far away from my stop, and I got 3rd degree last time I entered it.
$BRK-B looks attractive if we can clear this rough patch.
Exits of $PEP and $DPS likely today. Market not liking the fizz.
October 16, 2014
Entering $SOYB, $IWM on watch
Adam
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