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5 Shorts Staring At The Constant Beat Of The Bull Drums

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October 10, 2011 – Comments (1) | RELATED TICKERS: HSH , PXD , BBT

If you were unable to get in on the market's move either in the premarket or right at the open (which seemed at that time a fairly risky maneuver to me), then you've probably been on the sidelines, waiting for the market to make a move.

It also goes without saying, that we are stairing at one overbought market as it has managed in about 3.5 days to rally over 100 points. The upside looks limited at this point without a descent pullback, and I, for one, am not going to start buying this market at these levels.

With that said I've put together five short setups that look pretty darn good, and if we see this market head lower in the days to come, these stocks should lead the way downward.

SHORT: BB&T Corp. (BBT).

SHORT: Pioneer Natural Resources Co (PXD).

SHORT: Sara Lee Corp (SLE).

SHORT: Web.com Group (WWWW).

SHORT: XO Group (XOXO).

1 Comments – Post Your Own

#1) On October 10, 2011 at 3:43 PM, TMFDivine (34.09) wrote:

On what time horizon do you think this is an overbought market? After all, most major indices are still down YTD, P/Es are below historical levels, and we heard some good news out of Europe this weekend. I see your justification for these specific shorts is on a purely technical level, so my question would be what your thoughts are on fundamentals as guidelines for investing?

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