Give Me Short Picks

Long setups are plentiful verses short setups, but what if this run suddenly ends with 1,000 on the S&P being a intermediate top? Are you prepared with some “BTFD” short candidates?

I have a few, and will be scanning all night for more. Now I’m not saying it’s down hill from here, I am simply preparing for the worst. Check out these beauties:

Abbott Laboratories [[ABT]] Watch for a breakdown below 43.45

Allegheny Energy, Inc. [[AYE]] Watch for continued weakness:

Darden Restaurants, Inc. [[DRI]] Possible Gap fill:

General Maritime Corporation [[GMR]] Short this one with contuned weakness in the shippers (see EXM & OCNF)

Nokia Corporation (ADR) [[NOK]] It’s Nokia, do i even have to say anything?

Watch Steel, if the group is weak, short Reliance Steel & Aluminum Reliance Steel & Aluminum [[RS]]

And, don’t forget these short ideas, they’re still good.

Note: If the market rallies off the job number, just forget you read this post and buy your favorite stock.

Note II: If you have any good bearish charts, the Cajun would like to see them.

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