It sure does look like certain segments of the stock market want to rollover which is coming during a time that Medical stocks and small bank/finance stocks are leading in my scans. However, even with the market in a downtrend, this is not the downtrend of November to January where a LOT of my subscribers made a lot of money. I happen to have had a tough time shorting as the stocks I would load up on would leave me with -10% losses to 25% gainers, while the five plus stocks that fell 50% (over 100% gains in less than three months) were all 100 shares or smaller. However, thankfully, a lot of subscribers like starling who was 15-for-16 one day and 20-for-21 another one during that time with shorts to prove the trend is indeed your friend. Right now, like I keep saying, I don’t see a clearly OBVIOUS trend and that is why you can start randomly in 2001 and land in 2008 on the Nasdaq with only a (for me 5/11/01 to 7/11/08) 6% gain. This has been a choppy market and not only is it not great for longs but it can be much harder for shorts as they are subject to major short-squeeze moments which actually just happened to me with ROH. But ALL!! of my shorts have been small and we already covered OVER!! 50% of that short (6/25 6/30 7/7 7/8 which was 70% of my position closed with an average of 5-7% gain) with gains. So my shorts are not doing that great and that tells me it is still not time to short the market to high heaven. Also, if you have no track record of making money on the long side of the market and also have NEVER TRIED to short before, NOW IS NOT THE TIME TO BE LEARNING. First make money on the long side, feel confident that you can do that during any uptrend, and then work on your shorts. I swear to God if more people would just listen to me about this they would have SO MUCH MORE MONEY to work with in the new and next bull market and then will have even more when the time is right to short these commodity stocks that have run over 100% to 5000% since 2001. Some are topping now and unless you bought some of these and made some money on them on the way up, there is no way you are going to get my blessing to short them on the way down. You will be whipped around so much that the pain might in-and-of-itself might cause you to quit a market NO ONE should EVER quit. There is no way to be successful on the short side without suffering some pain first. Quitting ensures you never have an ABK, IMB, MBI, BSC, DTG, FMD, MGI, PMI, PFB, RHD, DSL, RDN, or TMA (these refer to the past year–I am not an insecure silly history-defunct daytrader, unless I am cutting losses) EVER, IN-YOUR-LIFETIME! They all fell over 93% the past year. This is why I LOVE the stock market. Right now it is hard, but in a clear uptrend you can make a TON of money and in a clear downtrend, WITH VOLUME, you make a LOT of money. I don’t know how you do that, EASILY, in real estate. That is why I picked stocks and not real estate. I pick stocks MUCH BETTER!!
new short positions: TEVA DECK INFY SAY
TEVA is breaking down at the “death crossing” 50 and 200 day moving average, on very strong volume. Cut your final loss with a close above the 50 day moving average, if the stock does not move lower immediately.
DECK is breaking down at the 200 day moving average, after breaking down through the 50 and 200 DMA, on very strong volume. Cut your final loss with a close above the 50 or 200 day moving average (whichever comes first), if the stock does not move lower immediately.
INFY is breaking down through the 50 and 200 day moving average, on extremely huge volume. Cut your final loss with a close above the 50 or 200 day moving average (whichever comes first), if the stock does not move lower immediately.
SAY is breaking down at the 50 and 200 day moving average, on very strong volume. BOP going red helps confirm this decision, along with INFY showing the exact similar pattern. Cut your final loss with a close above the 50 or 200 day moving average (whichever comes first), if the stock does not move lower immediately.
