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Just Shorted CERN, WTFC & SLAB

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July 12, 2010 – Comments (0) | RELATED TICKERS: SLAB , WTFC , CERN

These stocks have all been recent setups that I have posted prior to me actually shorting them today, with CERN this morning, SLAB on Friday, as well as WTFC. The market is showing some weakness early on, and now have 70% of my portfolio committed to the short side after having sold my stake in QQQQ. However, if the market tries to get bullish again between now and the end of the day, I won't hesitate to hedge my portfolio again with a long position in QQQQ or Apple (AAPL).

Here's the charts...

SHORT: Silicon Laboratories (SLAB) - Entry @ 42.62

SHORT: Wintrust Financial (WTFC) - Entry @ 35.63

SHORT: Cerner Corp (CERN) - Entry @ 79.81

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