While the crowd is taking their profits after several days of bullish rally
, now they are probably thinking what to buy next. They will probably be looking at stocks that went bearish for the past several days and find cheap ones that are below its fair value. Below are some of the stocks filtered from the last 5 day bearish scan. Also noticed that for the past several weeks, the bull rally of the major index lasted for an average of 5 days after profit taking comes over again. Today or the next few days, (if the market continues to be bearish) it will be a good test to watch what the crowd is buying
. Note a few number of this are ultra-short stocks.
TBT,SJH,WIP,UDN,TWM,TMW,SRS,PST,PRFU,MYY,GEJ,FXE,FEZ,FAZ,EWW,ERY,EIS,EFU,DZZ,DUG,DTO,BWX,BND,TZA,
SKK,SKF,SIJ,SH,SDS,RWM,REW,QID,PSQ,PLW,PCY,MZZ,FXF,FXB,DOG,DEE,BGZ,DXD,SSG,SMN,SCC,SCO,ABI,FXP,EEV