SSS - Profits and Stops

Published : April 12 2012 at 12:47 ET

JAZZ has undercut the 45.50 low of March 19th, so profits could be taken. CF has pushed above its 50-dma so it has exceeded a 3% stop on the upside, and AMZN is bouncing off of the 50-dma, as we surmised it might in our report of two days ago.

The market is "melting" to the upside on volume that is running lower than yesterday, but it has been steadily picking up, so be cautious on the short side.

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