This weekend, I’ve put together charts of stocks I feel are almost ripe for shorting but are not positions in my portfolio yet. I confess that if Friday had shown general weakness, I probably would have cheerfully shorted every single one of them, but the ungodly annoying recovery on Friday made me hesitant (and too nauseated) to get more aggressive. I suspect I’ll get into most or all of the charts I’m sharing this weekend during trading next week.
BancorpSouth is in the throes of a beautiful topping pattern and has broken an important uptrend. If we can break the horizontal, it’s party time.
Cheesecake Factory (whose mission is to make our morbidly obese nation even more morbid) has broken an important uptrend as well.
Callidus Software has been painting out a series of lower lows and lower highs.
Finally, Crane Corporation is threatening to break a crucial supporting trendline (as so many stocks are these days).
I’ll share more tomorrow (and even more with my Slope Plus subscribers)