Shorts have done well the last few days, there are more for tomorrow as our SSRatio has gone negative again.
The Screened Stock Ratio slipped back into the negative at -0.18 favoring selling, the estimate of market risk rises to high. This puts us back in "lite mode" for long positions, this means buy smaller than your usual long positions, keep a tighter stop, and limit the number of stops to one or two.
No additional short term stocks screened out, but neither of those below hit a stop yesterday. There are a four potential breakouts to watch: COCO, FE, GGP and SJM. There are three potential breakdown shorts, alert these 20 below yesterdays low. And, eleven potential shorts that have had a rally and look to fall to support: ADI, BRL, CHIR, CINF, CPTS, EVC, HSP, NOVN, UVN, XL and XLNX.
Sam
savvy-trader.com |
