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SSS - Short-Sale Target Stocks Rallying into Potential Resistance

We note that a number of stocks on our short-sale watch list have rallied into logical resistance. For the bold and the restless, and those who wish to short the market into President Obama's "jobs speech" tomorrow, take a look at the following stocks: UA, TIF, EL, PX, BIDU, SINA, SOHU, AGU, MOS, VMW, AND RAX. Some of these are rallying into overhead supply, the 50-dma, the 200-dma or the 65-edma. We suggest reviewing these on  a real-time charting system.

We would suggest using a tight stop on the day, 3% or the intra-day high of the day for any of these should one choose to take short positions. Also, take measured positions depending on your risk tolerance  in case there is a gap-up open tomorrow, although we tend to think that any good news coming out of the speech is likely already baked into the cake.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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