Like buying strength, if I were to short and I occassionally do, I would be looking at the TRANNIES and SEMICONDUCTORS. In fact, that’s what I am looking at right now.
Both have tight margins and are heavily leveraged to global growth. Both sectors are very weak.
Trader Mike sits around all day cranking out the charts and great posts so all I have to do is read and link. SWEET. Here are some great charts for study and consideration.
Disclosure – Looking at puts in UPS, Fedex, and SMH.