Technical Analysis Ideas for Tuesday 6-6-06

It is very difficult to find bullish looking stocks right now, but there were some short setups which followed through nicely today. As I mentioned with the IVAN trade this morning, sell first ask questions later. With the high risk environment we remain in cash is probably the best position for all but the most aggressive and disciplined traders. If you do not trade for a living you should not be trading right now. If you do trade for a living you should have very little tolerance for trades that are not going your way and your share size should be smaller than normal, at least that is how I’m approaching this market.