I always like to emphasize the short setups for Fridays, as I tend to focus more on the long setups throughtout the week (unless we are in a bearish market of course).
The price action seems eerily similar to what we saw on 8/1 and 8/2 and if that is the case, and the price action continues a long that path, we could see a new dose of selling, which would make the shorts below musts for starting positions in tomorrrow.
So stay tuned anything can happen.
By the way, if you are interested in joining me, Oscar and the rest of the SharePlanner Splash Zone gang, don’t be a stranger and try us out with our free 7-day trial that you can’t go wrong with. If you like it, GREAT! If not, there’s no hard feelings. But don’t leave without trying us out.
Here’s the All-Short Friday Watch-List:
Short: Dow Chemical (DOW)
Short F5 Networks (FFIV)
Short Goodyear Tire and Rubber (GT)
Short MGM Resorts International (MGM):
Short Cabela’s (CAB):
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