*Blue Plate Specials* Portfolio – 5/11/10

The market moved up steadily until 2pm ET when it abruptly reversed course. It looked as if the SPX was going to trip the 40 dma forcing a covering of all of our short positions and initiation of long ones, but it never happened. Maybe tomorrow..?

The good news was that I was able to find four decent short candidates. (I had DF on my list but that was yesterday’s only short pick.) Today’s selections were chosen from the new yearly lows and the breaking down lists from today’s *Blue Plate Specials* on the right.

Capture

For more info on how this portfolio is generated and how you can generate your own, see the fund rules in the 4/21/10 blog.

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