TruCharts.com Blog Update 10/01/2014
TruCharts.com - We stated yesterday to take profits, short LUV, HPQ, DAL, SNDK and GM, and additionally to sell BIOTECH stocks. Except for GM all our positions are profitable today. We are going to stay short these positions and long T, BIS, USO. In our blog we had indicated the underlying divergences and weakness in the market internals and that is bearing out in the markets today. We still seeing underlying weakness and stocks breaking down. Check out the charts on our previous posts and our shorts are looking good. We will still short GM end of the day.
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