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Most of these setups relate to the idea that I think the US dollar will rally soon. There are times where a rounding top happens in the market and with no sign of the impending drop, and then BAM, the market produces one big red down week that takes out anywhere from 4-20 weeks worth of trading activity. What I mean is the lows made during said period is broken negating the upside that happened in that last part of the upmove. I believe the impending rally in the US dollar will be the spark for this down move, then you add in profit taking, maybe hedge fund selling and we get the larger correction.

Here are some examples of what I mean:

If these shorts have an up week, I think it sets up for a nice move downwards the following week. This list of stocks, in my opinion of course, are shorts based on this past Friday’s close. So the setup is to short until profitable. So the stock could be a winner for .30 or 3 bucks it doesn’t matter.

Short:
EWZ
VALE
NTAP
MTL
BBY (This is going to get bitch slapped)
RTH
XRT
FCX
CTXS
DTV
RSX
BZ (short till profitable from 6.14)
EWM – Malaysia ETF
PLCE (check this chart out The point of the chart is to show that I called a nice bottom in the stock, but now I’m calling for at least a nice pullback. I don’t call tops.)
EMC
TGT
CSX (Looks good longer term, I think it PB’s)

There are loads more imo.

Longs: Same idea, hold till profitable
AAI
AVII
AGEN
TM (I like it still, especially if it drops Monday for any reason)

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