Some Short Ideas In a Weak Market

While more upside is in store the market may be in a consolidation area to gain more momentum. If the market begins to falter then these stocks will be candidates to short. Otherwise, we would be adding to long positions at as market pulls back.

Chart Updates GLD, EUR/USD, SPX, BIDU, GOOG, AMZN

The following are some short setups while this back in fill process happens. This is by no means a signal to expect major market correction, but rather for a small correction till buy signals come back. An Apex fomation is indicating further follow through to the upside unless we completely break down through lows. Watching for higher lows to form signaling a bottom.

GLD

EUR/USD


BIDU

GOOG

AMZN

Euro update

bidu, EUR/USD

Bidu looks like its at a point to reverse course and head back up. Several indicators are showing potential strength soon.

Looking further out the Euro trade is looking like its getting ready to explode up after this next small pull back. Very interesting chart on all indicators.

euro

GLD