Tuesday, August 26, 2008

What a Frustrating Market

After going through my scans, I can say that I can't remember a market that I have been more frustrated or bored with (I am not sure which word fits better). There just isn't much out there that looks good on either side, and I continue to have very little feeling either way of where we will head the next day. I am watching the following charts, but just as I passed on a few shorts today, I will likely not take many of these trades at all due to their questionable nature.

Long - XSI, MASI, EL, TACT, FRM, MCCC, ONNN, AEIS, FUQI, ATRO

Short - PENN, EVR, FCSX, WCBO, OFG, UAUA, MOS, GHL, AGU, DSX, FHN, CREE, MON, AEM, LVS, CXO, SINA, CF, EXM, EWBC, WYNN, KEY, ASCA, SHO, SOHU, PACW, KMX, SUSQ, LM, KALU, WLT, GU, MI, SOL, OSBC, CLF, CINF, POT, BDC, ANR, PNK, ZION, PWRD, STI, GNK, FITB

The only shorts that look like real possibilities are the casinos right now on further breakdown. However, I am kind of expecing a little bounce in the markets overall for the next few days, which could make shorts difficult. All in all, it doesn't look like things will get easier any time this week. Ugh.

1 comment:

Anonymous said...

Getting interested in the solars yet?