Selling short AFTER strength – SNDK, QQQQ, CELL


In yesterday’s video I mentioned some stocks I thought were good potential short sale candidates after they exhibited strength and then headed lower. One of those stocks was SNDK which I thought might make a good short after a bounce up towards 60. Above is a 1 minute chart to show where I like to enter this type of short. Shares of CELL are just above today’s VWAP right now and sellers could take control soon. The QQQQ is also below the VWAP (currently at 38.78 and starting to turn lower) and will have to overtake that level if this market is going to be able to hold onto the gains. The market is still HIGH RISK!