Z Position Follow Up

Our recent Zillow Short entered at $140.11 in now in double digit gains. This is one of several shorts I'd like to add to, including SCTY which has been moving our way and possibly add to our HLF short.

For now, Z is a hold in my view, let it keep working as the X0Over Screen just essentially gave a confirmed sell/short signal, although we entered it earlier on 3C signals.

 This is one of the concepts I have espoused, the seemingly bullish upside rate of change at "B", this is a red flag and almost always leads to a trend reversal or top, in a downtrend a bottom.

This is one of many reasons we opened the Z short, but a concept that is useful on all timeframes and in any asset.

The 60 min chart of Z gives a very obvious reason for us to short it, but the timing was more important as we got in right near the top at $140.11

The 15 min chart and our entry at the red trendline.

Right now, although the market is deeply oversold on a "normal " basis, but if this is the break I expect, this is just the start of something much uglier, I would personally not chase Z and wait for a counter-trend bounce, otherwise if you are already in, I'd just let the position work for you.

Our X-Over Screen just gave a confirmed sell signal/short signal with the middle custom indicator likely to have crossed by the close.

I'd be interested in an add-to or new Z short position above $136 at this point, I don't know if we get there as broken as this market is (the most recent evidence was the Breadth charts posted Tuesday night which haven't looked like that since the exact 2007 top).