Monday, April 7, 2014

I am finding lots of sell signals in US market

Despite continued analysts' recommendations on purchasing US equities, I am finding plenty sell signals in US stocks. I think insiders/ fund managers are beginning to sell out of US equities owing to rich valuations. My top 2 to short now:

Cabot Oil & Gas (COG)


Herbalife (HLF)


Death cross and bearish candlestick patterns galore. As I have said in Sun 4 Aug article last year (see my post "Are we in last stages of bull run?"), I will be preparing to short these stocks. Other candidates on my list include: Amgen (AMGN), Biogen (BIIB), Celgene (CELG), Gilead Science (GILD).




No comments:

Post a Comment