Market After The Open - Tuesday 19 December 2023
DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.
Yikes!
The bull can't be stopped. For now nothing to do except take the benefits of the move up and try to not (1) assume it will be only-up forever and (2) add to shorts when judicious to do so. Personally I remain heavily net long per the trading plan and ratios disclosed for our paying subscribers below; I have added piecemeal to short index ETFs as a modest hedge, those are underwater (but small beer vs. the long gains). For now, no more shorts for me; I shall wait for a sustained fall to add more.
Without further ado - let's get to work!
Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.