Wednesday, October 15, 2008

Selloff continues

Bearish anything that has not hit its lows.

Did you guys notice how badly the rails have been the last 2 days? HUGE moves for such steady stocks.

Bearish: MON, CF, FSYS, NYX, CME, COST, FSLR

If the market decides to hold or rally, you could get long almost any oversold name that is showing strength.

Even though I want the market to rally, the buyers are just NOT showing up. Even if they do show up, they have to show up in force for me to believe anything. Till then I will be cautiously short.