Stocks for the Rest of Us
Posts tagged short
Short PCU
Dec 4th
Copper prices seem to be hitting new lows while the equities are still hanging in there. I’m shorting PCU at $12.44. It appears to be up towards resistance at the upper range of it’s down trend. You can keep a stop just above the 50 day moving average.
Short PCU
Short The Euro; It’s Going Lower; FXE
Dec 1st
This thing is going lower, if it breaks 125 short it. The more times something bounces of support the less likely it is to hold.
FXE Short
XTO Short. Natural Gas Looks Good But The Equities Look Ripe For A Selloff
Nov 28th
While I do like natural gas as a long I think the equities could be overbought. Take a look at XTO. This thing is bumping up on the upper band of a downtrending channel and has already failed to rally while the market was up today. Furthermore, the stock is getting up into the range of the previous bottom where all the would be bottom pickers are waiting to unload as the stock comes back up into the range where they bought it. I call that the “dear god please let me out range”. In addition to that the Force Index is reading slightly overbought and is peaking in a range which in the past has proved to be a short term top. I think you can short this thing right here with a stop at yesterday’s high or slightly above it.
XTO short
FXB Short update
Oct 7th
If anyone took my advice on the FXB short I mentioned awhile ago now would be the time to take profits on that move. I recommended shorting on strength up to the 50 day moving average and that seemed to play out quite well for us. You could have executed the same trade with the Euro and the FXE but unfortunately I failed to recognize that trade.
FXB short update
Take Profits On CSCO Short
Sep 5th
I would take profits here on the CSCO short I recommended in an earlier post. We’ve caught about $3 of downside which is not bad for a few weeks work. In this market you’ve got to take what the market gives you. If you’re greedy you’ll get raped.
Fast Money Review: FXB short, british pound
Aug 28th
The Fast Money crew tonight recommended a short of the british pound via the FXB ETF. While I agree on the fundamental reasons for this I can’t get on board right now until the technicals line up with a more favorable risk/reward setup. The FXB has been in freefall. If you want to short this thing, wait for some strength and then short it. Shorting it down here will require a loose stop and if you’re wrong you’ll lose a lot more money. Stocks usually don’t go down in a straight line and it’s so far away from the 50 day moving average the chances of a bounce of snap back reaction rally are high. Wait for some strength to initiate your short.
FXB short
CSCO short
Aug 15th
CSCO could be a good short here. There were a lot of buyers at 25 who want their money back and the stock is definitely looking extended at this point. I think you could short it here for a point or two with a stop at 26 or so. Once the overbought condition is cleared out, we’ll re-evaluate CSCO from the long side if the selling can be contained.
CSCO short