Sunday, October 28, 2007

Short Candidate: Honeywell

Due to the fact that we have been in a solid uptrend, I haven't pointed out many short candidates over the past few months. While the market is currently in a state of flux, I am still hesitant to fire off a big batch of shorts since we are still in an uptrend. Although there has been some recent high volume weakness and distribution days, the trend doesn't change until major support levels have broke on high volume. That has not happened yet.

If you plan to go short this market, make sure to do so with extreme care and risk aversion. With that said, here is a stock on my primary short watchlist. I am not sure if I'll pull the trigger.

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