Current Long Positions (stop-losses in parentheses): TICC (9.62), BRKR (14.75), ITW (48.89), QQQQ (50.62), TIE (19.73), PAG (13.62), DTV (41.99), ACI (25.54), EOG (97.52), ANN (21.06), ESRX (46.42), AAPL (284.00) Current Short Positions (stop-losses in parentheses): None BIAS: 91% Long Economic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am), Housing Starts (8:30am), Redbook (8:55am) My Observations
Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), WTFC (37.71), SLAB (44.80), CERN (82.08), ALB (43.59), HIBB (26.65), WRC (40.95), QQQQ (45.83), SCHN (44.33), NSIT (14.79) BIAS: 106% Short Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), EIA Petroleum Status Report (10:30am), Bernanke Speaks (2pm)
While the market has taken an absolute killing this past month, I thought it would be interesting to see just who has managed to weather the storms the best. In all 20 companies are trading in the green this month. Everyone else is getting shalacked! May God be with you if you happen to own
Futures have a bullish tone heading into the open as Goldman Sachs (GS) and IBM managed to report a solid earnings report. Also later today, you have Coca-Cola (KO), Apple (AAPL) and Yahoo (YHOO) that are reporting. At 7:45am ET you have the weekly ICSC Goldman Store Sales, followed by the Redbook
Another day, and another session filled with bullish-hype heading into the open. Some economic reports overseas, and developing plans to bailout Greece of their debt problems gives the bulls reason to buy once again this morning. Overall it should be a quiet morning with only ICSC-Goldman Store Sales reporting at 7:45am ET and Redbook at
Now that the market has finally had the chance to rally some, work off the oversold conditions (I feel like a broken record saying this) I’ll be putting on some new short positions come tomorrow morning. I’ve heard already some chatter from folks getting more optimistic each day, which even more so, emboldens the contrarian
I couldn’t be more excited about my prospects for the shorting this market than I am right now, with the market staring down the barrel of two percent gains, I just need those bulls out there to keep telling themselves “I think I can…I think I can”. As it stands right now, I am looking
Last month I provided you with my Top 20 Short Setups, this time around, I am giving you my Top 30! There are a ton of excellent short setups out there and below are the ones I believe are the best of the best. The market is no doubt oversold right now, so I’d recommend keeping
Here are five short setups (with a desirable stop-loss included) that I believe, will go down hard with this market, if it continues to churn lower. However, word to the wise, I don’t recommend going out right now and shorting these stocks, as the market is sitting in oversold conditions. I would wait for
Things have no doubt turned drastically bearish in the past week. Whether the sentiment remains is anyone’s guess. However, it doesn’t hurt to begin preparing for what could be a major correction. I mean let’s face it, it is not like we are in the best of economic environments right now, so there is no