One new short position tonight as the stock that i was just going over yesterday gave me everything that I asked for today. CAJ is closing near the LOD, the 50 DMA has “death crossed” the 200 DMA, the volume surged on the down day reversal, and BOP went red. This was everything I was looking for to get short this stock so I feel it is safe FOR ME to give this short a try. Once again I wan to reiterate that we are still kind of trending sideways on the intermediate term but the trend on the NYSE/SP-500 is starting to show a downtrend and that should help this stock go lower. If not the cut loss area is clearly defined.
new short position: CAJ
CAJ is breaking down below the “death crossing” 50 and 200 day moving average, on very strong volume. Cut your loss with a close above the 50 day moving average, if the stock does not move lower immediately.
