Short Candidates

New Short Trades: AZZ (short at 30.45)

Update: Covered for basically breakeven

Other Short Candidates: CAAS, ONP, XRTX (if possible, as some brokerages do not carry shares to short)


my long positions in ONP and XRTX have been closed


Important to Note: These are short term short positions and will only continue to work if momentum picks up to the downside. But keep in mind that one negative day does not define a trend. Most likely, the markets will bounce from this and continue to offer better opportunities on the long side. Market tops are very complex and usually drag on for months in meaningless lateral action before a clear trend is identified. Be cautious and protect any profits. Always gauge your positions by how they each individually react, not as the market as a whole.