No New Swing Shorts For Monday As The Market Is Still In An Uptrend Off The March 14 Lows

March 31, 2007

No new swing shorts for Monday as the market is starting to offer up a lot of pretty young speculative stocks to go long. Even though this market has NO quality stocks breaking out of fresh bases, and lower prices would seem to be expected the way the market is acting, it is still not time to short stocks. Why? Because there are still breakouts in the speculative crap. Big caps and speculative cheap-junk lead at the end. The uptrend isn’t over yet.

But if it was over and this was a clear bear market, these charts would be ripe for a perfect short: NVS IBN

Last 5 posts in Free Archives Shorts

Posted by Joshua Hayes | Filed Under Free Archives Shorts 

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