I missed the General Motors gap down this morning, and the stock has more or less failed to hold even a minor bounce since.
However, the weekly chart shows that this action may very well be just the beginning of a major breakdown fro the stock, with plenty of room before the lower weekly Bollinger Band is hit.
I am debating putting on a small short anyway, and building it as long as the $34-$34.70 above acts as resistance.
Other notable weak issues today which are short candidates: AXP MA.
Drop me your top afternoon trades.
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How about DUK?
Been strong of late.