URI Analysis

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United Rentals (URI), shown below, is very typical of the kind of chart I’m short right now. It’s got a big top, very little in the way of support, and has demonstrated in prior years its ability to fall hard. This one is going to play out nicely today, as its indicated opening is where I’ve marked with an arrow. There are many stocks I still wouldn’t dare short (GOOGL, NFLX, etc.) but there are plenty of other sick fish in the sea.

0723-uri