JEF Model Portfolio Short Update

Friday we had a pretty nice set up to initiate or add to JEF shorts, it started with this post on Friday  and culminated with confirmation with this post...

As for today...

 Here were the 2 opportunities I posted in JEF on Friday, linked above. Today JEF is down nearly 2.25%


 The 15 min chart has shown several nice entries, Friday's are to the right.

If you look at the first hart, there's something similar to a bear flag, on the 1 min chart it looks like it is failing, although any market intraday bounce could lend some support intraday. JEF has had several controversies lately and trust in the financial seems to be eroding quickly as the next scandal they seem to be caught up in is possible re-hypothecation as mentioned over the weekend.


The other stock specific financial short in the model portfolio, KGC, is also looking good and down a similar amount today.

15 min chart, apparent topping and close to breaking important support.