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Short Picks For Friday

Fri, 10 Jul 2009 13:58:56 GMT

It is looking to be a weak open this morning, with some good chart setups for the short side. Here are some to watch, most of which I am already holding short: - IYR has broken below the neckline. - ARO: Note the bearish engulfing pattern from yesterday. [More...]

Watching The Grass Grow

Wed, 10 Jun 2009 14:16:00 GMT

I haven't had to much to post during the past few days. With the market range-bound and seemingly tired, yet unwilling to selloff, few charts seem truly inspiring either long or short. In my account, I continue to hold many of the same short positions I've had for several weeks, focused on insurers, some financial stocks, retailers, etc. I've had mixed results on the shorts, but will continue to hold since I think we'll trade lower than the current level at some point reasonably soon. Looking the other direction, I am holding high cash levels, with long positions primarily in commodity areas and semiconductor stocks. Here's a look at some current holdings in the trading account: Long: ZEUS, NFG, EGO, NVLS, KLAC, NGD, OCNF, DRYS, CRTX, XING Short: OFG, FDML, PRSC, DTG, AFL, BXP, AET, CTAS, AZO The retirement account has a larger number of holdings, including some that I am giving a longer leash (for[More...]

Short Setups for Friday

Fri, 03 Oct 2008 16:20:00 GMT

Good setups are few and far between, but I managed to find a few I like. I am approaching with care, considering the distinct possibility of a strong counter-trend rally.- PTNR is sitting under resistance after a high volume drop earlier in the month.- MTH: Meritage Homes hit a low of 7.04 in January, and closed at 23.65 yesterday. I am considering buying puts.