Breakout or Breakdown

That seems to be the question everyone is asking here. Mac, from Chartswingtrader.com, had an excellent video last night on Goldman Sachs Group, Inc. [[GS]] , he explains that we are close to a major move and you can catch it by simply following Goldman’s chart

If we can get above the $150 – $155 level, you can bank on the overall market breaking out. However, should GS stall here and breakdown, you better have your short list ready.

Currently, I am seeing better short setups than I do long setups, which has me thinking that we could very well roll over. In that event, here’s a quick list of stocks to short on weakness:

Advanced Battery Technologies, Inc. [[ABAT]] , Advance America, Cash Advance Centers [[AEA]] , The Allstate Corporation [[ALL]] , Ameriprise Financial, Inc. [[AMP]] , Blackboard Inc. [[BBBB]] , The Buckle, Inc. [[BKE]] , Chesapeake Energy Corporation [[CHK]] , [[CHS]] , EOG Resources, Inc. [[EOG]] , Freeport-McMoRan Copper & Gold Inc. Freeport-McMoRan Copper & Gold Inc. [[FCX]] , Foot Locker, Inc. [[FL]] , Force Protection, Inc. [[FRPT]] , Frontier Oil Corporation [[FTO]] , Green Mountain Coffee Roasters Inc. [[GMCR]] , Hess Corp. [[HES]] , Starwood Hotels & Resorts Worldwide, Inc Starwood Hotels & Resorts Worldwide, Inc [[HOT]] , Hexcel Corporation [[HXL]] , Intuitive Surgical, Inc. [[ISRG]] , Johnson Controls, Inc. [[JCI]] , Leap Wireless International, Inc. [[LEAP]] , Longtop Financial Technologies Limited [[LFT]] , Massey Energy Company [[MEE]] , PetroQuest Energy, Inc. [[PQ]] , Shanda Interactive Entertainment Ltd ADR [[SNDA]] , Suncor Energy Inc. (USA) [[SU]] , True Religion Apparel, Inc. [[TRLG]] , Under Armour, Inc. [[UA]] , Yanzhou Coal Mining Co. (ADR) [[YZC]] If you enjoy the content at iBankCoin, please follow us on Twitter