Procter & Gamble Stock (PG)

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.

Here are today's things: * Shorted AMD at $332.02, INTC at $92.84, and MU at $521.59. *Added to longs KMB at $96.77, PEP at $153.59 and PG at $146.37. Position: Long KMB (VS), PEP (VS), PG (VS); Short AMD (VS), INTC (VS), MU (VS)

Adding to consumer staples longs (on weakness): * PG $146.37 * PEP $153.59 * KMB $96.77 Positions: Long PG S PEP S KMB S

I have sold the balance of my PG long at $146.75 (+$3.68) Position: None.

Here are some relevant moves from the sellside: American Express price target lowered to $325 from $375 at JPMorgan JPMorgan analyst Richard Shane lowered the firm's price target on American Express AXP to $325 from $375 and keeps a Neutral rating on the shares. The firm adjusted targets ...