When running my scans this morning I saw that the likes of Intel (INTC), Advanced Micro Devices (AMD) and Sandisk (SNDK) were all looking rather bearish. On all three of these stocks, I would wait for these stocks to bounce. In the charts below I provide that ideal short level, but more importantly is to wait to see how far the bounce will take you and at that point is where I would ultimately short the stock.
Remember though, in this market you want to take the short and any profits it might have very quickly, as these trades can turn on a dime and without any prior notice.
Here are the three tech stocks to short on the bounce:
Short: Sandisk (SNDK):
Short: Advanced Micro Devices (AMD):
Short: Intel Corp (INTC):
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