Looking to enter some short term short positions at these levels.
For our Model Stock Portfolio, we want to go short at Monday’s opening the following stocks. Use stops as designated and we will tighten up stocks after a few days of trading.
CAT – stock just recently experienced what we think was an upthrust and now testing that level. Stop $99.46
GE – has underperformed considerably in last year, and looks weak. Stop $31.34
SBUX – also had underperformed last year, and looks weak short term as well. Stop $59.00
KO – breaking down and lower objectives. Stop $42.15
DAL – looks like distribution the last few months and low risk short entry. Stop $51.54
For our Model ETF Portfolio, we want to go short at Monday’s opening.
SPY – Stop $234.00
Responses