To start the week two of the market generals TSLA and AAPL are on wobbly legs. That coupled with lagging secondary stocks leaves the market vulnerable. I am still short CSCO at $50.05. On the thought it’s a market of stocks, not a stock market, I added long Disney at $90.25.
What I mean by this is we may well be in a sloppy market where some stocks still go up, while a significant portion are going down, and another portion just treading water. Bottom line I am long a stock and short another here simultaneously. Less comfortable with the long, but experience has taught me that being uncomfortable isn’t always a bad thing. I won’t be staying with either position if I see a profit.