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):
Oil and Gas, various - Drilling, Refining, Exploration + Services: