Portfolio Management for March 22, 2017

Yesterday, i regretted that I covered the XLF short as financials went down like a rock. However, since regret do not contribute into making money, we only have one way to go, which is forward.

I opened a HRL short on a short signal note from the system.



For now, the portfolio is 80°% short.



I trailed some stops higher.



For today, we should expect an opening bounce and then some more nasty selling all day long until buyers come in to try to bounce the markets before the vote of tomorrow. Now, when this bounce happens, nobody knows. It all depends on who has the most money to push equities up. I guess the Fed has, but not sure they want markets to bounce...

Trade ideas are below. All short a-ideas are short on a weak bounce, while long ideas are oversold buys. In this picture, I believe that SWN is the most interesting long play. Still, nothing to buy until the market bounces.