Stock Market Analysis – 07-07-2010
July 7, 2010 at 11:55 pm · Filed Under Broader Market
The strong market bounce should add some hesitation in opening new short positions, but shouldn’t be forcing an automatic sell. Holiday weeks make it tough to read volume, so take the action with a grain of salt. Most of the good shorts are either still below their breakdown points, e.g. MGM, or still priming for a breakdown, e.g. LULU. That makes this a perfect spot to be with the jobless claims report coming out.
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