Day Trading – The Bullz And Bearz

The Long And Short Of It All – Opportunity On Both Sides

July 21st, 2009

Even with the huge move in the market since the lows in March, there are still a healthy helping of opportunity to make money on both sides of the market right now. Granted almost everything is much higher and therefore looking like a better short trade, but there are some stocks that have been beaten down and still haven’t had a significant rally to speak of. These are also the same stocks that are forming pretty substaintial bases and preparing for a big breakout.

 

On the SHORT front, here are some of the most clearly overbought securities. There is no possible way you could make a strong arguement for buying these right now – none. They are both extremely over-bought and ready to turn hard.

 

 

 

Now the LONGs. As I mentioned before, these two have clear been beaten down but have shown strong signs of stabilization. They are not making new lows and volume seems to be on the rise. Additionally, the low prices makes them a real bargin right now.

 

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