Let’s roll in September – traditionally the worst month for stocks, and it just so happens that the markets are extremely overbought and starting to show signs of weakening. Asian markets finished in the green today about a half percent while the European markets are dropping over 1% on average. In the futures we are looking at some pretty descent weakness with the Dow at -56, NASDAQ -11, and S&P -7. I’m going to be putting out some more short positions to take advantage of, so be on the lookout for those.
Here’s the Trade Setups…
Long Setups: AUXL, BRKR, DKT, FFC, KMP, SBX
Short Setups: CEPH, APOL, RIG