Getting ready for short term reversal

Today I sold off all my bullish plays for a mild profit.  Every single one of them had severe pull backs which shook me out.  Since managing risk is the name of the game, you have to respect the warning signs.

Since I am a swing trader, I am now getting ready for the possibility of a short term reversal of this intermediate rally. Thanks to the past week or so of action there are plenty of good entries for short positions.  Here are some that I am looking at

AU

BGC

CTAS

DCP

DELL

EXC

FPL

HOS

ITG

NVTL

PENN

PFWD

SU

I still have to do some more due diligence before I would commit to these trades, as well as further bearish confirmations from the index.

Good trading.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: