I’m not willing to say that the lights have been turned out on the bull’s rally parade of late, but I do think they are looking at some major problems here, that they need to soon correct, before the bears are finally resuscitated back to life. In my short positions that I executed this morning, I basically looked for stocks that would give me low-risk setup, that should the bulls bounce back from this sell-off, I wouldn’t feel to much pain in the process.
SHORT: AT&T (T) – Short at 28.22 – Not a huge risk considering how tight my stop-loss is, and the fact that this stock has a very low beta. But the setup is ideal, and the risk/reward ratio is favorable.
