Two shorts on the Financials (GS & XLF) and one on the Semis (SOXL) are covered for nice profits on balance (though SOXL was actually at a small loss). I have never before, nor likely ever will pretend to be a resolute bear able to hold short positions through thick and thin for extended periods. I did it in early 2015 using an unleveraged position against SPY, but that was a rarity.
There may be new opportunities out ahead and in the meantime I am going to continue to manage risk with cash, portfolio rebalancing and the profit-taking, loss-limiting regimen in place to this point.
 A post like this is not necessarily to broadcast to the world what good or ill-conceived move I am making at any given time. It is mostly for subscribers’ information as a small detail that can be considered along the ongoing details of our main investment theses, but in and of itself it’s not worth cluttering peoples’ inboxes with.
Subscribe to NFTRH Premium for your 30-45 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow via Twitter @BiiwiiNFTRH, StockTwits, RSS or sign up to receive posts directly by email (right sidebar).