Market up for the past 5 nights, I added shorts, mostly in the last 2 days: interest rate sensitive sector, cyclicals, Europe and other countries which have lower growth than the US, and a few others:
- The trading shorts also offset the fundamental longs (around 45%).
- Narrow market breadth: even as indices risen, most stocks are falling. Easier to find stuff to short.
- Market up for past 5 days.
Short term, I am near my max position size for most of the shorts.
My aims now:
- Keep shorting stuff thats going down on bounces. Don't overthink it. Preference for stuff that can still keep falling when economic growth, inflation and interest rates go down.
- Review all the individual fundamental picks, do I want to hold them into a bear market?
- Buy stuff thats still going up on dips. Especially big tech. Might get a 2001 blowoff top - this time its probably NVDIA which is sucking cash out of the rest of the ecosystem for their chiiiipsss....
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