Daily updates of Stock Charts with Technical Analysis. Blog dedicated to chart learning and education. Learn how to read stock charts! Learn how to develop a stock trading strategy!
Thursday, December 20, 2012
Short Idea Watch List
Below is a ton of stocks with weak RSI's that are below key moving averages. In my opinion these stocks would get crushed if the market tanks. Keep in mind, shorting strong stocks that look over extended can sometimes be a difficult task, these stocks have more buyers than you think. You want to short something that is already broken and has done a dead cat bounce. Much easier that way. Also, its much easier to short the SPY (since you don't need to worry about stock specific news), you can use 2x leveraged ETFs like $SDS to short these indexes.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment