Wednesday, September 8, 2010

If The Market Breaks Down

Upon the release of the Beige book in 10 minutes, here are a few trades you may want to consider on the short side. Of course any of the market related ETFs, especially the Q's and Russell or tech like semi conductors.


AAPL as it looks like a big top and has gone far enough north to knock most shorts out of the trade

GOOG for at least a swing trade

SNDK a top that has broken already, so a continuation move down should be rather smooth sailing compared to other trades that are still in tops.

JNPR in a nice top close to a break

CSCO should resume it's trend down, it hasn't impressed me with it's rally.

I'll be posting more, it just depends on what happens here shortly.

I'm not sure if this is retail running because of the unknown factor or this is what smart money has been up to all morning with the negative divergences.

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