Still sitting here, waiting for a pullback to get long. I increased my short exposure slightly yesterday.
At some point, I’m going to have to pull the trigger and either hedge these shorts with some longs, or just cover them. If I were going to get long, I’d be looking at the following stocks:
(IVAN: 3.60 [...]
Let me be clear. I think the market is rolling over, and will continue rolling over, until it stops rolling over. When it might stop is too hard to accurately forecast at this point, but if I were forced to guess, I’d look for support near 96 on the SPY, or about 8% lower from [...]
Here is where I’d start looking…
ADC Telecommunications (ADCT: 7.37 0.00%)
Aetna Inc. (AET: 33.24 0.00%)
C.H. Robinson Worldwide, Inc. (CHRW: 56.58 0.00%)
Deutsche Bank AG (USA) (DB: 74.10 0.00%)
DPL Inc. (DPL: 27.65 0.00%)
DTE Energy Company (DTE: 45.14 0.00%)
DexCom, Inc. (DXCM: 9.73 0.00%)
Great Plains Energy Incorporated (GXP: 18.98 0.00%)
Gildan Activewear Inc. (USA) (GIL: 26.56 0.00%)
(IWM: 68.26 0.00%) [...]
I am experimenting with some screens that will identify stocks that are overbought on multiple time frames.
The screen below finds stocks with a RSI(2) reading above 99, and then calculates the distance the stock is in percentage terms above the 10 day moving average.
I don’t know that there is an edge to shorting stocks with [...]
Below is a list of stocks with a RSI(2) reading above 99. If the market reverses tomorrow, I suspect these names will be hit with profit-taking, as they should be after the runs they’ve had.
However, with dip-buyers running rampant, I would not want to overstay my welcome, were I to short some of these names.
Please [...]
The beatings for shorts will continue, it seems, forever. I have been trying to short a strong close, into extreme overbought conditions, and have been trying to buy a weak close, into extreme oversold conditions. Unfortunately, it seems that Mother Market knows my playbook and refuses to give me any kind of extreme conditions to [...]
(COCO: 18.73 0.00%) Stop somewhere above the 50 day average.
(ESI: 116.31 0.00%) Use whatever stop method you prefer.
If these shorts work, they will not be trades that will last more than 3-5 days.
