Things have no doubt turned drastically bearish in the past week. Whether the sentiment remains is anyone’s guess. However, it doesn’t hurt to begin preparing for what could be a major correction. I mean let’s face it, it is not like we are in the best of economic environments right now, so there is no reason why we can’t see some major selling in the days weeks and months ahead. Below I have provided you with some of my favorite short-setups where, under the right circumstances, I will take a position in a large number of these stocks. Next to the symbol I have also provided you with the ideal stop-loss (my opinion of course).
Here are My Top 20 Candidates for New Short Positions…
1. Amazon.com (AMZN) – 135.85
2. Goldman Sachs Group (GS) – 174.70
3. SPDRs Slect Sector Financial (XLF) – 15.55
4. Theravance (THRX) – 14.52
5. Fibertower Corp (FTWR) – 5.45
Click Here for the Rest of them…
6. Coca-Cola (KO) – 57.43
7. Vector Group Ltd (VGR) -14.60
8. Avon Products (AVP) – 33.37
9. Nbt Bancorp (NBTB) – 21.35
10. JPMorgan Chase (JPM) – 14.87
11. SPDR Gold Trust (GLD) – 113.20
12. United States Oil Fund (USO) – 39.56
13. California Water Service Group (CWT) – 38.08
14. Stec Inc. (STEC) – 19.41
15. Netflix (NFLX) – 57.08
16. Georgia Gulf Corp (GGC) – 18.02
17. Vodafone Group (VOD) – 22.95
18. Ruddick Corp (RDK) – 27.28
19. Rambus (RMBS) – 25.22
20. Morningstar (MORN) – 49.56
Welcome to Swing Trading the Stock Market Podcast!
I want you to become a better trader, and you know what? You absolutely can!
Commit these three rules to memory and to your trading:
#1: Manage the RISK ALWAYS!
#2: Keep the Losses Small
#3: Do #1 & #2 and the profits will take care of themselves.
That’s right, successful swing-trading is about managing the risk, and with Swing Trading the Stock Market podcast, I encourage you to email me (ryan@shareplanner.com) your questions, and there’s a good chance I’ll make a future podcast out of your stock market related question.
Emotional trading will destroy one’s portfolio. Aiming to hit home runs with every trade is a sure sign that the trader is overly emotional and only cares about fast money. In this podcast episode Ryan explains how chasing after stocks like MicroStrategy (MSTR) without a plan for managing the risk can ultimately ruin a trader’s attempt at being a successful swing-trader.
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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