Monday, March 30, 2009

See what happens when Ben doesn't go on 60 Minutes(Fade me list)

Futures are down over 2.0% right now and broke through 800. Should be an interesting day for the market. Let's see if the support levels I mentioned yesterday hold. But so you are prepared today, here is a nice FADE ME LIST! I highlighted my favorites, but click on the link for all of them. Update: Check it out first default on Mall loan. I hate that mall too, so good!

Shorts: DOW,FDS,GMT,GYMB,MHK,NCR,PM,PSYS,UPS,WFMI

DOW
-Could be forming a huge bear flag, but resistance at the 50MA and only support is the lows in Feb.


FDS- Gapped up earlier in month, hitting resistance and at 50% Fib level. Should look to fill the gap.


FO-V bottom, overbought, no support below. A break of that trendline is a good shorting opportunity




LONGS:HBI,JBLU,MOS,KFY

MOS- Broke above resistance and there is strong support at 40 and the 50MA.