DDD (10/28/12, +0.00%)
AAPL (4/29/12, +0.17%)
Last week, all the major U.S. indexes ended lower. The Dow lost 1.8%, the NYSE composite slumped 1.6%%, the S&P 500 gave up 1.5%, and the NASDAQ ticked down 0.6%. The IBD outlook remains at “market in correction”. All the indexes have broken down below their 50 day lines and the NASDAQ is now testing its 200 day line. Except for the outcome of the election, it’s hard to believe that all the currently known knowns aren’t already priced in but, then again, it’s pointless to try and guess what the markets will do. It’s just best to watch from the sidelines for the time being. Besides continuing to wade through the meaty part of a so far disappointing earnings season, the highlight of the coming week will be Friday’s release of October’s employment situation report.
With the market in correction, none of the watch list stocks can be considered as buy candidates.
/as usual, your mileage may vary, always do your own homework
The following stocks currently exhibit potential technical characteristics consistent with historically successful shorting opportunities, emphasis on POTENTIAL:
INCORRECTLY SHORTING STOCKS CAN LEAD TO UNLIMITED LOSSES. Proceed at your own risk.
/How to Make Money Selling Stocks Short by William J. O’Neil