Wednesday, March 07, 2007

Get Ready to Short the Bounce

Hopefully this bounce can last another day or two. I will use market strength tomorrow to deploy a few short plays. A lot of sectors are setting up the same way, so I'll stick to QID and a few select sectors and stocks. Financials, commodities (not oil), tech and China stocks head my list of short plays off bounces.

I like QID here or if it falls into the $54-55 range.

MS looks good on strenght into resistance. It would require a loose stop above the recent gap level.

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