Week of June 30 - Stocks to Short

Here is a list of stocks to watch this week. If all goes as planned, then you should be able to short these stocks pretty well.

BYD - It is in a downtrend, and entering new lows. I would wait for this stock to rally a little before I short it. It should rally in a few days, so I may buy this one at the end of the week.


More stocks to come!

Here is another stock that has the possibility of a short:

RTI - This has been in a downtrend for over a year. It looks like it is in the process of rallying already, so keep an eye on it. When there is a candle that has a lower low than the previous candle, look to short. Risk/Reward ratio looks pretty good because there is no support. (It is currently in a descending wedge, so watch for it to break out of that too).

BDX - A good downtrend going on here. The candle is hitting the 20 sma and coming up on some resistance. Keep an eye on this stock to drop tommorrow.

Nice call on BYD so far!! It looks like it is rallying nicely, and will be ready to short at the end of the week. I will be watching!

Another one for the watchlist: CSTR. Rally should be coming soon (judging by that doji). Then just wait for the rally to finish, then jump in.

Just placed a buy limit to short RTI

Short once price reaches 34.50
Target: 30.00
SL: 36.50

RRR: 2.25

We'll see how it does in the coming days...

Sold at 33.82 for 2% gain. This was more of a day trade, but I wanted to do it quickly because I am going out of town soon. Sooo... thats a quick $100!! (I only invested $5000 in that trade).

See ya laters!