Futures pointing down again as global markets sold off over night. In fact Japan had one of its worst days ever in over two decades dropping 9.38%. Europe also had some pretty nasty declines as well. We’ve posted a chart for shorting that we believe will provide a good risk/reward for traders. UFI of all
Futures are pointing down, which isn’t surprising considering that many will be looking to capture gains, or take the reduced losses throughout today. We could see some price swings depending on what we hear from the Do-Worse Congress. Senate will be picking up the bailout plan to vote on, that the House rejected just a
We’re looking at another one of those negative-bias openings. So far futures are showing declines well over 1% – Dow: -189, Nasdaq: -33, and the S&P: -22. This may come as a surprise to some based on how many in the Fed and Congress had been touting this bailout plan, but just because it will
Here’s a potential short that we are looking to jump on should we get the green light. We’ve issued this to our subscribers this morning, with the entry, stop-loss, and target price. The stock’s run up in price has been on no significant news, and has no earnings to speak of. Once the breakdown triggers,
Update: Sold ALSK short at the close on 9/25. It’s getting tough to find ideal short setups now that the SEC has banned financials from being shorted. I can’t tell you how many setups I have to toss out because they fall into the SEC’s list of stocks. It’ll be interesting to see what happens
These guys own The Dallas Morning News, The Providence Journal, and The Press-Enterprise. Problem is they are a newspaper publisher – a dying industry as we all know, as evidenced by their chart below. However they have been on a mini-rally of late and a break below $6 could be the opportunity to jump on
Today’s short involves a utility company, which as an industry has not performed entirely well this year. Below is a utility that has been able to put on a descent run of late, and is now looking primed to be shorted. There already has been a descent decline in this stock – but there remains
Here’s a short that provides you with all the risk and all the reward one could ask for. I think this is a scary setup not knowning what the market’s response will be to the Fed today. While this stock dropped over 11% yesterday, it could nonetheless snap back hard later in the day with
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,
Here’s two charts for shorting possibilities. Three hours before the markets open, and the S&P and Nasdaq futures are down 12 and 19 points respectively. Neither of the two charts below are ones I am not totally sold on. CLNE, I believe, is being promoted by T. Boone Pickens, with his commercials on finding renewable