#MarketTiming – Stocks To Short

With the general market trudging toward a overall sell signal, several big-cap stocks gave sell signals today and are probably worth a short on tomorrow’s open for a scalp (and maybe more).

Likely, the AAPL miss on earnings today, will be a trigger for a broader market decline tomorrow.  Must keep in mind that the Federal Reserve Open Market Committee will conclude its April meeting tomorrow also.

In other words, there are cross currents galore but…when is it not so?

These are liquid enough for options trading (buying puts, shorting calls, verticals, etc…).

The stocks are:

  • WMT
  • T
  • VZ
  • GOOGL
  • MDT

Interesting that both T and VZ registered sells today, possibly in reaction to the sell-off reversal day in T-Mobile (TMUS) on earnings.  TMUS itself is obviously also a worthy candidate for a short, looking for follow-through on today’s action.

(right click on the chart for a larger view)

TMUS

 

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