It appears a lot of traders are switching to the short side quickly, so we may get a short squeeze soon. However, I will be adding short into strength. I added some short exposure in the REIT sector today, and will be looking for opportunities to short the financial sector as well, although I am still a bit nervous in the latter case.
Here are a few to consider:
- PSB: REIT, business parks.
- RYN: Forest products.
- EPR: Another REIT.
- AXP: Will American Express trade at a lower price than today? I think it's a slam dunk on the short side, but patience may be required.
- LZ: Hat tip to fab at Shark Investing for pointing out yesterday's bearish engulfing pattern. I have tried quite a few trading subscription services, and keep coming back to Shark Investing. The message boards alone are worth the subscription.
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