This may be completely foolhardy, but I’m initiating a short portfolio today since the market still looks like it has a bit further to fall. The stress here is on the word “short” since if the market looks like it’s going to rebound in the next day or so, I’ll be covering these positions. When it comes to shorting stocks, waiting until the SPX moves back over its 40dma is a losing proposition.
Here are today’s picks selected from the New Lows and Breaking Down lists in today’s *Blue Plate Specials.*
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.