Whether you want to blame today’s weakness on Maria Bartiromo’s revelation about her conversation with Ben Bernanke, the re-emergence of strength in oil, the continued uptrend in bond yields, the weakness of the dollar or any other headline out there is your choice. The one thing that is becoming clearer is that Nasdaq stocks are underperforming and the technical pattern for the Nasdaq is becoming worrisome. Regardless of market direction, there are always opportunites to be found long and short, the most important factor in the market is how you manage the risk. Below are some symbols of some potential long and short trades for tomorrow, I will post some charts in the morning.
LONG
ARDI
BDCO
ENER
FCEL
IVAN
MPET
NCTY
SHRP
SUF
TZOO
SHORT
AMD
AMZN
UAUA
OSIP