We always look at any rally in the market while in a correction as potentially shortable. These are the short-sale targets we are looking to test into this rally: AMZN from here up to 200 and the 200-day moving average, CRM from here up to 120, the bottom of the "falling window gap-down day two Friday's ago, and BIDU, from here up to 130, where the 50-day moving average is roughly. It may still be too early to be successful shorting these, but this is where we start to watch for an opportunity on the short side to present itself.
SSS - Shorting this Rally?
| Published: | 28 Nov 2011 16:12 ET |
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