Kimberly Clark Stock (KMB)

* And fading it… I don’t own and am currently short (and have been recently short C, JPM, GS, MS, UBER, NFLX, homebuilders, etc.) some of the most consensus sectors. I am long some of the most non-consensus sectors. Consensus Longs: * Memory: SanDisk ($SNDK), Micron ($MU), Intel ($INTC), AMD ($AMD), Applied Materials ($AMAT) (“it’s different …

One month ago Kimberly-Clark ($KMB) traded at $93 and is now nearly $111/share. I have reduced my weighting to very small. Position: Long KMB (VS)

Breadth mixed (but sector divergences are wild), trading inconsistent and swinging wildly intraday: * Despite the evisceration of tech yesterday, there are few tech stocks higher on the day — Google ($GOOGL) (DJIA inclusion), Amazon ($AMZN), Apple ($AAPL) League leading hitter, Nvidia ($NVDA), has cracked to the downside some fractal support * Hard reversal lower …

Here are today’s things: * Added aggressively (again) to cannabis: $VRNOD at $5.35, $GLASF at $11.80, $GTBIF at $7.12, $TRLV at $8.06 and $MSOS at $4.43. * Shorted more $JOET at $45.33. * Repurchased consumer staples: $KMB at $105.15, $KO at $81.01, $PG at $151.37 and $PEP at $142.01. Position: Long MSOS (L), GLASF (S), GTBIF (S), …

I am increasingly bearish. I just sold out the balance of my three staples longs: * ($KMB) $101.92 (+$3.15) * ($PEP) $148.21 (+$2.51) * ($PG) $148.05 (+$5.01) I plan to buy back these positions in a meaningful correction – if we ever get one! Positions: None.