I left for vacation on the 25th of November and it seems we have rallied the entire time. Crazy. I have been out of the loop for awhile, being banned from the market on vacation was a hard pill to swallow. I was able to sneak looks here and there, but feel completely out of touch. It will take me some time to determine my next plan of action.

Looking at my charts, I can see certain garbage stocks ripping bears apart(NFLX as an example). I can also see things I have been consistently bearish on ripping higher(Canadian banks). My vacation was quite timely, I completely avoided any pain from being bearish. The one exception will be my CMG short that I kept over my vacation. That position is hardly worth mentioning and the loss is under 1%. I was killing it so hard before my vacation that a 1% loss is quite laughable.

I still believe we are in a bear market. However, Picking my shorts with care will be of the utmost importance. I will be watching NFLX closely. If NFLX were to break below $74, I would take that as an opportunity to go short. I’m also looking at some Canadian banks(again) for a possible short side entry. RY gave me a short signal today, unfortunately I was unable to capitalize. Tomorrow will be my first day trading in weeks and I want to get a feel for the market again before putting my chips on the table.

Chances are high that I will not make any significant trades tomorrow(If things were to deteriorate tomorrow that may change).

UPDATE: Making some trades on the short side with NFLX. Currently short, but this could change quick. Going to wait for weakness to make this anything more then some small trades.

UPDATE2:Seems I may be reading this all wrong. Going to have to step back.

Update3:Now I’m long NFLX….What the fuck

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