Market timing – negative (3 days old).
(Updated chart below. On a negative market day, all six stocks sold short on the open were in profits at the close, particularly BIIB up 8.2% for the day.)
As the market indexes continue to slide toward oversold territory, individual stocks giving sell-short signals for Friday’s open include ALR, BIIB, GWPH, as well as AXP and MRK in the Dow.
They have joined SUNE which was a short on today’s open. At six percent into profits on a single day, it now has a break-even stop in place.
Each stock is a short and hold until the red color coding on the chart below turns yellow again.
(Note: these trades are not recommended for anyone other than as a journal record for myself.)
(Click on the chart for a larger image)