The Morning Morsel: The Search Has Started For Some Shorts, It Ain’t Easy

Posted by UpsideTrader
on January 14th, 2011

The bulls took some profits late yesterday, maybe to get a jump on the three day weekend. For now though, it just looks like another consolidation day for the bulls until further notice. Intel reported after the close and they bid it up last night in after hours trading. Most charts still look bullishly constructive, but they always do until they don’t. I am starting to see some cracks in the armor though, and I have been searching for some short set ups, so I can be ready for the correction that always comes. They are hard to find, but you can pick some off if you do the work.

Good trading today and have a great three day weekend.

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