Quite the vomit comet in the market today, eh? Bearish hopes are getting dashed left and right (look no farther than the Russell 2000). One of the last holdouts is the MidCap 400, which still has a clean series of lower highs:
A couple of interesting looking short possibilities happen to be household names. I like them not only because their charts look really topped-out, but also because – – let’s face it – – if the performance is this bad in a constantly-levitating market like this, the rot beneath the surface has got to be pretty severe. First, Big Blue………..
And then, America’s purveyor of fine automobile technology, General Motors: