"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, June 16, 2009

What to short?

I remain short the financials via SKF and long IEF in the deflation scare trade, and would like to put more 'money where my mouth is' in shorting the markets for a trade.

Hmmm, let's look at some sectors that might be interesting, starting with oil & gas in the form of DUG.

Falling wedge and modest bullish divergence. Yes, let's keep an eye on DUG.