Being in cash. Indexes took an absolute beating and getting out yesterday was the half right move. I didn’t swap short and I could have. In fact I should have, but when the market is already down so much and you’ve been trying to jump an upmove for the last 2 months its hard mentally to swap to the short side right at that moment unless you’ve been right on heading into that trade. I’ve been wrong so it was difficult. In fact, its so important to be right on the current trade so your head is on straight to capture the next trade.

I didn’t do a midday update today because I really didn’t do much. I saw very little opportunity for going long stocks. Actually there was a ton of opportunity to the downside on practically everything, but I haven’t been able to jump on that short trade, but I had signals to do so.

I bought RCH and sold for a loss of 5%. It popped early this morning on the news that they have announced a 106 million dollar backlog. I didn’t see any green volume come in there, but I tried it out anyways.

I sold HILL this morning for a mild profit of less than 1% as well.

January options expire tomorrow so things should be interesting.

Thanks for reading

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