There is still no reason to go short, as the market is holding the 50 dma’s, here on the Nasdaq and SP 600. 3 out of 4 stocks follow the general trend of the market and that trend is up. Therefore, there is no reason to short.
If the market was in a solid downtrend these are the charts that came up on tonights scan that would peak my interest:
BAC daily
EAS weekly
NSC weekly
TXU weekly
