Few days ago I presented short idea - (WHR)
http://www.trading-to-win.com/2013/08/the-cleanest-short-there-is-whr.html
- it is not behaving properly (due to declaring quarterly dividends today) - it is OFF short list. Or should I say - it is behaving properly by telling us that it is consolidating between TDST and TDRL therefore is getting ready for move higher?
Coupled with my expectations of short term market bottom - I expect market to start either moving up or consolidate from August 22nd ( +/- a day) up until September 7-10, I will be closing a lot of shorter duration puts and easing down on ultra ETFs...
As an experiment - ( I will NOT have that position) let see if TESORO (TSO) can be traded on the long side solely based on DeMark and in total contradiction to traditional TAs.
45 is a good entry
