The Mystery of Boxing Shorts

Stick and move, stick and move. 

That is pretty much how I am approaching the short side of this market here, as all of the major indices (save the transports) remain in established bull markets with rising 200-day moving averages.

Case in point, as I noted on this website yesterday (on Stocktwits too), I covered up my PCLN short inside Market Chess Subscription Services to lock in the rest of that bearish bet as the stock became rather short-term oversold (price punching down through its lower daily chart Bollinger Band, e.g.). And much like the CORT long example from a few weeks back, if I had not done so I would now be sitting on a nice winner in danger of turning into a loser, as PCLN snaps back hard thus far, today.

That said, into weak bounces I am opportunistically looking to re-short PCLN--I just may have to wait until next week. 

With this in mind, I just covered up the rest of my INTC short at $30.31 from my $31.88 entry as that stock also becomes short-term quite oversold itself. 

As for long ideas, HZNP is still acting like a champ, a name we have played several times on the long side since May.