Since beginning of 2015 till now, Dow Jone Index has been facing resistance at the 18300 level, the highest was 18351 now again we are approaching this resistance level. Investors are asking what can then short? Usually I will look at the weak stock. especially those stock that is dropping for the past 2 month September and October, when market is very strong. This show that the stock is weaker than the market.
American Express Co, has been downtrending since last year. no sign of strength yet.
Macy's Inc was an uptrending stock in 2014 but start turning down in August 2015
Macy's whiffed on sales and lowered its outlook, and now the stock is crashing
http://www.businessinsider.com/macys-stock-price-after-earnings-q3-2015-11?IR=T&r=US&IR=T
Triumph Group Inc (TGI) also has been downtrending since 2014 no sign of recovery
Valeant Pharmaceutical Intl Inc (VRX), turn around in september since then it has been dropping sharply. Bill Ackman up his stake on this stock to 9.9% lately.
Ackman: Valeant made a mistake by underinvesting in communications
http://www.cnbc.com/2015/10/30/ackman-valeant-made-a-mistake-by-underinvesting-in-communications-dj.html
