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

The market rebounded sharply today erasing much of last week’s losses. However, the SPX is still trading below its 40 day moving average and as such we’re maintaining our short positions.

There was a paucity of shorting candidates and only one made today’s list. It was one of the two on the new yearly lows list given in today’s *Blue Plate Specials* on the right.

I was tempted to cover AV in the 5/6 portfolio as it is in the red by about 10%, but it hasn’t broken overhead resistance leaving it with a chance of moving back down. If it moves up tomorrow, I will definitely cover it.


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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