The High Yield corporate paper and junk bond ETF’s, below on their daily charts, look to be two of the better actionable short setups for Wednesday. I like them as shorts on weakness.
Overall, they have been weak for quite some time and are typically indicative of something afoot, in terms of dislocations and potential reverberations through other asset classes, including equities.
Drop me your top tickers overnight.
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I shorted AAPL today. I’d like to short COG as a momentum short also but I don’t have a position yet.
Like it
Great call Chess. I like just about everything short right now. This is about to get quite ugly.
Definitely sloppy out there.
snuck into NOW puts at the open, oct55 and waiting for it too -feel a big flush soon for that one, long D since last week, want RY puts in morn, 9:35ish when the bounce is over, will gamble in VOIS too why not.
I think the market may actually come back some most of the day tomorrow, but it will turn down by the end of the day.
Expect Alcoa Earnings to be REALLY bad!
I’m expecting the strength in the dollar to be reflected in earnings with international exposure.
LOCK very strong. Something’s up.