I am very sorry to inform you of this, but my top 3 positions are higher this morning (EMES, PANW, BITA) and you wallow about the dirty rugs festooned with devil dog wrappers and stale cheesed doodles. Looking at the tape objectively, plainly, it sucks. Small caps are weak. Bonds are strong and there seems to be an overall sense of pessimism in the market.
Howsoever, we’re still in september and there is a large wall of worry to climb. I expect the rally to ensue, full fledged, within 7 business days from now.
It appears I’ve jinxed myself, even before publishing this, as PANW is now lower for the day.
Lots of red ink out there. Let’s hope for a firming of the tape.
UPDATE: I started a small position in CYBR