With the S&P retracing back to the 20 day moving average, it may be time to take a few shots on the short side. Looking at the chart below, I am comfortable shorting here, with a stop above the 20 day MA:
A few names to watch:
The Buckle, Inc. [[BKE]] look for a close below the 200 day:
Reliance Steel & Aluminum [[RS]] look for a break in the trendline:
[[KIRK]] looking for a pullback to the 100 day, stop above 50 day:
Synaptics, Incorporated [[SYNA]] nice retrace back to resistance:
Rc what about shorting AAPL at 164 ?
i am short aapl via sept 160 puts..its a strong stock, but its begining to break…ultimately will trade down to 138…not for faint of heart cause it rallies hard on news and rumors..but it looks like crap to me here for a few months.
possibly, but not for me.
On board with you on the 20 Day. I added to my SPY short EOD..
RC, still short ICE and I shorted LUV yesterday. Nice breakdown in progress on LUV.