SHORT STC $8.51
SHORT PALM $11.25
SHORT VCLK $9.25
COVERED 1/2 STC $9.03
COVERED 1/2 STC $9.27
SOLD SU.TO $35.27
SOLD UUU.TO $3.11
It was quite the ride today on the markets as they started very strong in the morning, dove during mid-day, and then rallied back to finish almost even. Most of the major markets formed doji candles, which means the open and close of the day were pretty even. This also indicates that there is major indecision between buyers and sellers. We should see soon which side prevails and takes control of this market. Right now, I'm inclined to say the bears will take control after a small rally here these next few days and I'm sticking to looking for stocks to short.
After breaking the rising wedge and the upper trendline last week, we have to make another new high or else we will be rolling over and that is the case for pessimism in this market.
SHORT PALM $11.25
SHORT VCLK $9.25
COVERED 1/2 STC $9.03
COVERED 1/2 STC $9.27
SOLD SU.TO $35.27
SOLD UUU.TO $3.11
It was quite the ride today on the markets as they started very strong in the morning, dove during mid-day, and then rallied back to finish almost even. Most of the major markets formed doji candles, which means the open and close of the day were pretty even. This also indicates that there is major indecision between buyers and sellers. We should see soon which side prevails and takes control of this market. Right now, I'm inclined to say the bears will take control after a small rally here these next few days and I'm sticking to looking for stocks to short.
After breaking the rising wedge and the upper trendline last week, we have to make another new high or else we will be rolling over and that is the case for pessimism in this market.
Comments