No New Swing Shorts For Wednesday

But the market is under severe pressure now as the distribution days are now really stacking up. The indexes are still above their 50 dma's and as long as they hold those lines it is not the time to short.

However, if we were already in a downtrend, R PBI BSC HMC SHO would make good shorts.

R

PBI

HMC

SHO

No New Short Positions For Thursday
By MauiTrader

Today’s action is exactly why I do not short a market that is in an uptrend on a long-term, intermediate, and sub-intermediate time frame and is above its 50 dma. It is a lot smarter and wiser to not be a top caller and actually wait for the trend to be down before shorting. A lot of people, once again, sold longs for the sake of being fearful. It cost them today.

There were no stocks in my short scan that would make good shorts in a bear market.

No new short positions for Friday

This market is still in a clear uptrend and the only people shorting this market right now are the uninformed, arrogant, and just plain stupid traders. The GREATEST TRADERS OF ALL-TIME NEVER BET AGAINST THE TREND. All trends are up so there should be absolutely NO shorting. The money is being made in the longs now. The daytraders that I observe all day long shorting this breakout and that breakout are either losing money or if they get it right they get maybe a 3% to 5% move. Considering how many longs I am holding that are up over 100%, it should be clear to others that the ignorant and wrong play right now is shorting stocks.

There are no shorts in my scan that would make good shorts even if we were in a bear market.

No New Short Positions For Monday

Do you see why trying to guess tops and why shorting a rising market is the play of stupid arrogant egotistical individuals. History has shown these fools OVER and OVER that this is the wrong play. Yet, they keep on doing it. That is why the NYSE short interest ratio is near all-time highs. They simply have to try to outsmart the market. There is no reason to be short here, unless you hate GWB or are a depressed waste of space. The time to short will come....it definitely is not now. Especially, in the face of one of the strongest runs of economic growth EVER!!!

If this was a bear market, TRID QSII and DCI would make great shorts.

No New Swing Shorts For Tuesday

There were not any strong short patterns in my scan that would make good shorts in a bear market.

  No New Short Positions For Wednesday
By MauiTrader

With NYSE short interest ratio near all-time highs, the market in a clear uptrend hitting all-time highs/six-year highs, and with 70% of the ignorant-to-the-facts public thinking we are in a recession, you better believe it is NOT the time to be shorting stocks.

Heck, I can not even find good short setups out there that would make for great shorts in a bear market.

No New Short Positions For Thursday

The market sold-off hard today but the volume on the Nasdaq was below the 50 day volume average, the NYSE volume was barely above that line, both indexes are still above the 50 day moving averages, the put/call ratio jumped to .9, most leading stock show no signs of severe selling, and I saw TONS of people top call today's selling. So I would not get to freaked out about today's action. Until we are below the 50 dma and I have stocks breaking down everywhere, I continue to believe via the facts/stats that are available to me that stocks should continue higher. It isn't going to be a nice smooth uptrend anymore. That is obvious. With this being summer, a very choppy few months are to be expected. I just don't see any major top happening when 70% of the misinformed public believe we are in a recession. Markets don't top with that much pessimism.

If this was a bear market, PFE UNH BSC MCO and WU would make very good shorts.

PFE

UNH

BSC

MCO

WU

No New Short Positions For Friday

Do you see why it is not smart to be short at this stage of the bull market. We could easily squeeze 20% higher from here. Don't believe the LIES the media feeds you about the economy. It isn't true. The shorts and perma-bears are only making this all the more easier a wall-of-worry to climb.

If this was a bear market, LHCG would make a good short.

LHCG

No New Shorts For Monday

There is still way too much bearishness out there for me to even think of getting nervous about the current market. There are problems, but there are still so many stocks that are acting perfectly like the market is still in an uptrend. However, until we start seeing severe breakdowns in leading stocks, there is nothing to fear but fear itself.

If this was a bear market, TWPG would make a good short.

TWPG

No New Short Positions For Tuesday

The market is starting to show signs of cracking, despite leading stocks still holding very well. If the market falls further, rallies on lower volume to the 50 dma, and then sells off again on higher volume, you will definitely want to get more cautious. If that is the case we may be able to start probing some shorts. But it is still way too early to be getting too excited on the short side. There are still plenty of stocks making very large overnight gains (short killers) that make shorting this market still not the right play as we are still too early.

If this was a bear market, MER MKC and BKS would make good shorts.

No New Short Positions For Wednesday

If this was a bear market, SFI NCT CHIC and SKYW would make good shorts.

SFI

NCT

CHIC

SKYW

No New Short Positions For Thursday

Today's market clearly shows you why shorting before a top has clearly been established in the market is a fools game. When you still see stocks moving like VMSI yesterday and GTRC and SRDX today, that is your clear tell that this market is not for shorting. Shorting ANYTHING before a top in the indexes have clearly been established is simply an ignorant play by an uneducated investor/trader.

There were no stocks that would make good shorts, even if this was a bear market.

No New Short Positions For Friday

If you saw RIMM, after-hours today, you should understand why we are not shorting this market. This market still has way too many stocks in clear beautiful uptrends and for the second day in a row, out of over 200 stocks in my portfolios, NONE are giving me a complete sell signal. You do not have this kind of action in a market where shorting is the right play. Trust me, AFTER the market tops, we will have plenty of opportunities to make money on the short side. Right now, the right side is the bull side. Just ask those long RIMM INNO or CRNT.

If this was a bear market, WLL and MLHR would make good shorts.

No New Short Positions For Monday

If this was a bear market, TBL would make a good short.

TBL

No New Short Positions For Tuesday

There were no stocks in the short scan that would make good shorts even in a bear market.