The Bounce Attempt Take 2

We need a HOD close with at least average volume.

The Initial Bounce Attempt...Take One...

Today's bounce was not unexpected. The markets were stuck in a downward channel and approaching double bottom territory. In fact, the NASDAQ and RUT and SPX reached that phase even before the DJIA, so expect the bounce to concentrate on small and micro-cap stocks.

Even More SHorts

Short Candidates: BAP, CIE, IVAC, MELI, MHR, NKTR, NTES, PRGS, SFUN,

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.)

Happy Shorting

Shorts: DANG, DQ, EJ, HOGS, NWL, SINA, SSI, YOKU (mentioned 1st on May 16)


all of these are in a confirmed downtrend and will continue to decline unless they bottom out or get bought out. Happy Shorting.

New Trend?

Short Sale Candidates: FAS, JNPR, MITI