May 17 Market Tips (US)

DHI: I really hate to miss out this good shorting opportunity. This one is on radar since last 3 days and I am chasing my tail to catch this one. It has been fustrating situation. Lets give it a try once again.....

This one has dropeed significantly yesterday..... I don't like to chase the stock so I may try to short it at  16.65 or 17.07 or 16.44 (very little here) then have stop at 17.22 or 17.55 and cover at 14.80

SFLY: Looks ready for shorting in my book...... Short above 25.75 with stop at 26.88 and may cover it at 22.48

ROST is in my watch list...... I am waiting for the big supply for this one to fall...... it may not even get a  supply so I am not taking risk......

DFS

XLY short at 44.22 or 43.50 and cover at 40.5

LPX is also shorting candidate...... on any high

May 16 Market Tips (US)

DHI:  Despite having a strong home sales number yesterday, this stock didn't go up... but it gapped up and then came down that shows that it has been having difficulty attacting demand  in the market. Also market is not helping the situation, it has been going down like there is not tomorrow....

This stock is against the long time resistance...... in this current situation.... it looks like good probability to short this one at the top .....
Good shorting price seems to be at 17.76 or 17.35 and stop at 18.65 and cover at
SFLY: Looks ready for shorting in my book......
Short above 25.75 with stop at 26.88 and may cover it at 22.48

May 15 Market Tips (US)

Cab: It has been in a strong uptrend and recently came across huge supply and this may be temporary but if they get any more supply, they can fall very hard.....

short at 37.18 with stop at 39

DHI: This is another one looks weak but looking at the todays housing data this may go higher..... will wait and see if we can see any more weakness in future....

May 14 Market Tips (US)

SFLY: Good candidate to short at 26 with stop above 27......

TEO is creating a trading range here..... at this point, I am not interested in this one..... So far I see that it is just checking the bottom of May 4 but not really push for selling.... This can be our base.... but we don't know until next couple of days action.....

SLE: Looks little weak here.... looking at the markets condition, this looks to be a good shorting candidate....

short at 21.44 with stop at 22.10 looking at my P&F chart..... I think this stock can go down till 18

May 14 Market Analysis (US)

Market is still in the down trend.Yesterday we had a close below the 1341 suport area. Looking at the negative movement in the market and negative breadth in this market,  S&P may check the 1290 level before making any reverse move.  If this happens, it will take couple of months for market to recover. Recovery is not a overnight process.  It needs enough time to attract the buyers and create a strong base before market rallies again.

That being said, I still expect little bounces in this market and then create a trading range. After we have sufficient base in S&P, we will see accumulation phase being prepared and then we should see major rally in the market.

In the process, we may hit by some bad economical news and market may go down again but I would imagine that this is not a good time to think about long positions.

I am only intereted in shorting positions until I see some based being formed in the market......

May 14 Market Tips (NSE)

IDFC: Been in heavy down fall since mid February. Temporary found the support here ....

Shorting at 126 - 123 with stop at 130 and cover at 110.