ROST

I lost quite a bit of money with yesterdays rally. Although most of my shorts rose, none were stopped out. As I am writing this, the market opens in 20 minutes, and any strength at the open will likely stop out at least one position. If this happens, I will replace stopped out shorts with one of the following longs.

Unfortunately, it appears that I may be in the process of getting whipsawed. This is likely due to a temporary stalemate currently underway between the bulls and the bears. Once this resolves, I will hopefully start making money again.

Trend followers can make money just as easily in up or down markets, but sideways, choppy markets can be tough.