New Buy Candidates: FIT, ISR, LTXC, PLXS
New Short Candidates: APWR, CGA, CLD, CXW, HRBN, NARA, OWW, RBS, TSS, YZC
(the best shorts are the ones that are showing a significant decrease on abnormally high volume)
Some banks are bucking the trend: CMA, DEAR, EWBC, FITB, HAFC, HBAN
New Buys/Shorts: FIT (in at 8.70), HBAN (in at 4.67), ISR (in at 1.56)
pick your arsenal...
my thoughts: we may have a multi-day dip, but I am confident that the indices will climb back up soon after. Remember, topping action in markets is not a clear cut phenomenon. Neither is the creation of a new primary trend in the markets. Not convinced? l urge you to take a look at past charts of the markets when they topped and bottomed. You will notice that what we are experiencing may be nothing more than a bump in the road. Regardless, nimble traders may be able to squeeze a few profits from some well timed short trades.
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