Executed a lot of trades today, here they are:
Sold JNJ at $68 and PKI at $24. Healthcare stocks are breaking down one by one. JNJ has put up a good fight but the upside is no longer there.
Now, while I wish I had been more aggressive on the AG front, the trades were just not meant to be. They will be very shortable on a bounce, along with oil and oil service.
Today we dipped our toe in the retail arena via a number of shorts. The next few months are goign to be even more brutal for retailer and each of the following have at least 25% downside.
Shorted 200 KSS at 43.50
Shorted 400 ARO at $30.50
Shorted 500 M at $17
Shorted 500 GPS at $17.50
Also put in a small short position of 50 shares of AAPL at $103.25. Price target for the stock is in the low 70s based on the current chart behavior.
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