Shorts Everywhere

Review the lost from the last few days, there are great shorts all over it. Here are some that may or may not be on the list that look good right now-All short-All at the open at market

ADCT looks good here

YZC in good pos. w/ an excellent neg. divergence in 3C
MVC in good pos.
RTP in good pos.
RY
WBK
TSL is about to trigger a short limit order out of the bear flag
CMC-nice  H&S
VALE strong Short
RTP

Intraday Update 2

Looking at 3C, I see nothing that would keep me from shorting in this area, it looks like a reversal for the most part to the down side.

Intraday Update

I continue to believe yesterday's 12:20 high for the QQQQ NASDAQ 100 was the high probably for the rally and we are moving down from here. We are adding positions, SLV short and long DZZ a leveraged short on Gold. There are many others in the watchlist that look great and trades underway that are profitable on the short side and can be added. We used the 30+% move in SSN today to exit that long.

FXP and FAZ are two 3x leveraged short positions (you buy them) that look very good right here. Watch your correlation-China is correlated with the $, commods, gold, silver, etc-and the market in a round about way. And of course the short on financials, you'll want to consider any banking shorts GS, JPM, etc. you may have and almost consider them as one position. That is why I gve you so many shorts last update so you can find groups not closely correlated to your current positions.

Today is the Day?

Maybe? Yesterday many of the averages-most except for the Dj-30 put in short term reversal signals, meaning the bounce may be over. The Dow was stronger because of KO's announcement of earnings. You may want to start building some short positions/adding, but don't get too aggressive until we see that reversal for sure. All the shorts I posted two nights ago for the most part are in even better position to short. If you have questions, email me.