Keep these small as it is not time to get heavily short yet. I am having TONS of problems with this website so I am keeping this commentary short. **Back, now that this thing is fixed. The bottom line on these shorts are as follows: K is a high reward/low risk short due to the huge distribution, SRCL makes a god short based on the fact that it is rolling over from a low volume rally to a heavier volume selloff below both the 50 and 200 DMA. GEF was just a long candidate not too “long” ago but it was quickly turned into a short becuase the June breakout was immediately halted and turned into a breakdown all within the span of a few weeks. This is not how breakouts work; they never reverse lower on strong volume. Instead the indexes would continue to lift higher and these stocks would continue to rise themselves. However it
new short positions: K SRCL GEF CETV
K is breaking down at the 50 day moving average, on very strong volume. Cut your final loss with a close above the 50 DMA, if the stock does not move lower immediately.
_1.PNG "K (Large)_1.PNG")
SRCL is breaking down at the 50 and 200 DMA, on strong volume. Cut your final loss with a close above the 50 day moving average, if the stock does not move lower immediately.
GEF is breaking down through the 200 day moving average, on strong volume. Cut your loss, if the stock does not move lower immediately.
CETV is breaking down at the 50 and 200 day moving average, on strong volume. Cut your final loss with a close above the 50 DMA, if the stock does not move lower immediately.
