The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Monday, June 06, 2011

More Market Weakness?

If we do not close near the days high or form a pivot point, there will be more downside to come, possibly all the way down to the 200 day MA. Still, there are plenty of stocks showing resilience which indicates that this downside action may not last. At this point it is too early to tell. In the meantime, here are several more short sale candidates to play around with.

New Shorts: BMTI, BVN, EPU, EXEL, GPRO, PRGS, SCCO

There seems to be some negative action in stocks connected with Peru and copper mining (due to the elections).

New Buys: ANTH, SQNS (may be at a good b.p.)

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