7 Shorts Waiting To Take The Elevator Down
I went through a number of my scans this morning looking for some stocks that are setting up for a nice leg down, once we get that fresh wave of selling that would seem to be right around the corner. Assuming that to be the case, and since Adam and Vray already published some long setups to go after today (and some nice ones at that), I figured, I'd provide you with the 'dark-side' of the trade.
I actually thought, based on yesterday's close, that we'd see a huge move to the upside today right from the opening bell, but that, so far, has largely fallen on deaf ears, and with 3 hours remaining in the trading day, we are largely trading in a sideways fashion.
In no particular order here are the short plays to be watching...
SHORT: Anadarko Petroleum (APC).
SHORT: Chevron (CVX).
SHORT: EMC Corp (EMC).
SHORT: Occidental Petroleum (OXY).
SHORT: Pioneer Natural Resources (PXD).
SHORT: Sara Lee Corp (SLE).
SHORT: UnitedHealth Group (UNH).