SSS - Thinking Ahead on the Short Side
Amazon.com (AMZN) is still in a possible right shoulder of a head and shoulders formation. If the market weakens here it may move lower towards it 50-dma. Right now this could be shortable using the 190 level as a quick stop.
Also, as much as we've loved Apple, Inc. (AAPL) on the way up, should the stock fail to hold the 500 price level it could trigger the Livermore Century Mark Rule y making the stock a short, using the 500 level, give or take a percent or two, as your upside stop. With today's high0-volume reversal, only the bold will try and short it here, but it could work.
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