Just Maybe This Market Breaks...Here are 4 Short Setups
Looking at my short scans, and yes they can seem quite futile in these types of markets, two industries with the most well defined bearish patterns and that are appearing the most often are the energy stocks and utilities. I've included four charts below of short setups that you can take if this market does indeed rollover sometime between now and the next two millennia.
On a side note, I was talking to a buddy of mine in the financial sector, and he told me that their brokerage firm is receiving an unprecedented surge in applications to become traders and financial advisors. Not surprising though because anyone looks like a genius in this market quite honestly. When the cookie starts to crumble is when you start to sort the wheat from the tares.
SHORT: AmTrust Financial (AFSI)
SHORT: Southern Union (SUG)
SHORT: Cameco (CCJ)
SHORT: AES Corp (AES)Here are the charts/trade setups