Night Owl Titanic Snobbiness

Here are some actionable short ideas on this list.

Courtesy of The PPT algorithm, here are some very aggressive ideas for short trades headed into Wednesday. If you are not comfortable shorting (especially in a bull market), there is nothing wrong with taking a pass. Keep those cover-stops in place. Nonetheless, a good chunk of readers are always looking for short ideas.

Members of The PPT can click here to view and save this “Titanic” Screen, as I named it when I created it a few years back. The screen isolates stocks vulnerable to further weakness.

Please click on image to enlarge 

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Long Ideas on Strength: FB TSLA TWTR WEAT 

Short Ideas on Weakness: LVS V YUM and CRM, pictured below.

Note that Salesforce has a similar chart to GM and LVS, insofar as an expanding potential major head and shoulders top after steep multi-year rallies.

Drop me your top tickers overnight.

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If you enjoy my blog posts and videos, then I would encourage you to please click on this 12631 hyperlink for more details about joining our great team of traders at a very reasonable price. 12631 is a trading service which @RaginCajun and I direct here at iBankCoin.

Enjoy tonight’s video, and enjoy your evening. 

Direct Vimeo Link Click Here

 “Reasonable responses.”

Stick around for my video market recap after the bell…

WEAT, the volatility ETF’s, gold, short Russia, and a few other things are the first upside movers which caught my eye into the spike lower we saw in the tape this afternoon.

What are you seeing out there?

Every time bears have been properly set up to volleyball spike this market lower in recent memory, we know the outcome has been a vicious bear trap which leads to fresh highs.

And, yet, here we are, once again, with that familiar setup, wondering if it will be another run-of-the-mill bear trap before we rally or instead the real-deal breakdown.

The S&P ETF’s 30-minute chart still shows a pennant breakdown in play, rendering the bounce yesterday to be potentially nothing more than a temporary relief trap before we head lower.

The small caps, which had been outperforming all day, are giving up their gains and then some as I write this.

I have put on no new equity longs, only a natural gas play.

As far as the short side, I am open to all options now, including bearish index and volatility ETF”s. I am also stalking some individual shorts inside 12631.

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