Today is shaping up to be a pretty nasty day, and honestly, even our short positions both the one below, and the one being offered to Shareplanner Subscribers, may not hit, considering how far below our entry prices they are likely to open up at. Nonetheless, here is a short that I’m considering today. Remember, though, that like Bear Stearns day we had back in March, that was looking at a 4% – 5% gap down in the pre-market futures, today could do the same (not saying that it will – just be aware of the possibility). So let the market settle into place before nose diving in.
The stock below is forming what we call a nice double top, and about to break a major support area. Always be careful with short positions, and always use stop-losses.
Here’s the Short…
Welcome to Swing Trading the Stock Market Podcast!
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