Thursday, September 04, 2008

Death Spiral Short List


Former momentum groups related to commodities have been hunted down and flayed. They might bounce now in the near term, but when groups break this badly they are best to short on bounces; or else daytrade short within sessions like Thursday (when downward momentum is clear and volume is high).

Otherwise, take a couple of week's off and embrace the sidelines. Life is too short to get caught long when the woodshed looms. September is still young.

Yeah, right. Well here's your live, category-5, short-list. Many of these were already on the short-lists from August 24th. Heads or tails, Friend-o?

LIVE SHORT LIST (1-5 day short-side trades, or potentially daytrades; rapidly deteriorating industry groups):

Machinery-Construction Mining:
JOYG
BUCY
TEX
CAT
ASTE
MTW

Agricultural Operations:
DAR
SYT
BG
MON

Chemicals-Fertilizers:
IPI
POT
MOS
SQM
CF

Machinery-Farm:
AG
LNN
DE
CNH

Metals-Ores:
CLF
BHP
TCK
CCJ
PCU
FCX
AAUK
ABX
NEM
GOLD
GG
AUY

Transportation-Ship:
DRYS
TGP (thin)
TBSI
FRO
PRGN (thin)

Oil and Gas, various - Drilling, Refining, Exploration + Services:
SPN
CXO
ANW
TPP
SSL
RIG
PTEN
NE
REXX
STR
BHI
HAL
SLB
HES
BP
SU
CNQ
TLM
SII
MUR
HP
PETD

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