No New Short Positions For Tuesday

June 25, 2007

The market is starting to show signs of cracking, despite leading stocks still holding very well. If the market falls further, rallies on lower volume to the 50 dma, and then sells off again on higher volume, you will definitely want to get more cautious. If that is the case we may be able to start probing some shorts. But it is still way too early to be getting too excited on the short side. There are still plenty of stocks making very large overnight gains (short killers) that make shorting this market still not the right play as we are still too early.

If this was a bear market, MER MKC and BKS would make good shorts.

MER

MKC

BKS

Last 5 posts in Free Archives Shorts

Posted by Joshua Hayes | Filed Under Free Archives Shorts 

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