Pre-market futures are showing a slight positive bias heading into the open. Asian markets were down a little over 1% while the European markets have rallied off their lows to where they are looking at 1% gains. Its a mixed market at this point.
Nonetheless here are a few charts worth looking at to consider shorting..
Here’s the charts…
BBND has nearly doubled, and for the first time, is showing signs of breaking down. I’d look for a break below yesterday’s lows.
VDSI managed to close below its 50-day moving average while also breaking a previous price support level. The bulls definitely look like they are running for the hills with the recent profits they made in this erratic stock