Friday, April 08, 2005

Shorts

LOW failed at its 50 dma in March and now has broken its 200 dma on a pickup in volume.

NSC second 50 dma failure this year on heavy trade. This time looks to be for real as the chart is now looking like a rollover.

CSX is a short once it breaks that 50 dma. It looks like that is going to happen as the sector is weak and the past three weeks have shown a couple of big negative days.

BWLD second and more powerful breakdown below the 50 dma. This chart is choppy and wild signaling it may be time to go lower.

UTIW has failed at its 50 dma on good volume. With its sector turning weak it looks like lower prices are coming

YELL is too extended to the downside but a low volume bounce makes it a great short as the past month has not shown good price/volume action and today's breakdown came on huge trade.

PII needs to make a low volume bounce to the 50 dma also. But the past two weeks have been littered with BIG sellers and I dont see why at least the 200 dma wont come into play.

FWRD extended also but a low volume bounce followed by a move down is the time to grab a short. Whole sector is weak.

PKX nice short. Past month full of distribution days. Another failure at its 50 dma on a pickup in volume says lower 40's are on the way.

FOXH an IPO 50 dma failure. Always a good short. This chart looks like it is rolling over along with the failure at the 50dma on volume.

CVGI after topping in March it went below the 50 dma and now is bouncing lower off of the average with a pickup in volume.

COL after a long uptrend it has cracked its 50 dma on a pickup in volume. Chart looks like it is rolling over.

ELNK rallied back to its 50 dma after a HUGE break in Febuary. The failure here on a pickup in volume is evidence that ELNK will be making new lows.

NAFC ugly BOP on chart along with a weak rally back to the 50 dma (with selling involved mind you) after its break in March. the high volume move down today appears to be the start of another move down.

KEA yet another failure at the 50 dma. The pickup on volume along with ugly chart makes me believe KEA will see $10.

ALOHA and have a great weekend.

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