It definitely is feeling like a stock picker’s market again, and that’s a very good feeling. I’ve been nicely profitable all day, in spite of the completely-for-no-reason countertrend rally. My short picks are defying the fake, phony, fraudulent bull market gasps.

One particular victory is Packaging Corporation of America, which has been getting firebombed the last two days. I’m holding my position.

I’ve mentioned PKG repeatedly here on Slope. I’ll be keeping a close eye on long-term support as we collapse toward it.