No New Swing Shorts For Friday As The Market Is In An Uptrend Off Of Yesterday’s Follow-Through

March 22, 2007

There are no new swing shorts for Friday as 3 out of 4 stocks follow the general trend of the market. That trend, right now, is up. Until we get more distribution days and fail this rally, there is no safe reason to short.

There are some ugly patterns out there: BGP JBL INTU are giving clear short/breakdown signals and FLML appears to be topping. These would be the stocks I would be shorting, if the trend was down. However, the trend is not down and I will not be going short until the market stops going up.

Last 5 posts in Free Archives Shorts

Posted by Joshua Hayes | Filed Under Free Archives Shorts 

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