US Stock Market Picks Short Candidate Aug 13, 2008

By KP Yang • August 13, 2008

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As observing the US market has no strength to move up, I again did the screening for stock market picks to short in the US market. Today, I found 2 candidates are trading near their resistance now.

They are Boeing and Tesoro Corp.

Look at the charts and you will find the stop and profit limit that I analyse, the reward/risk ratio and ATR. These are the important elements in my trading plan. However, we must not blindly rush into the market now, let’s see how the market is doing after the opening bell.

Boeing - US Stock Market Pick Shorting Candidate

Tesoro Corp - US Stock Market Pick Shorting Candidate

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

Categories: US Stock Market
Tags: Boeing, Dow Jones, Stock Market Picks, Teroso Corp, US Market

About the Author

KP Yang

KP Yang is a private trader are passionate about invest and make money in the stock market. He also enjoy using technical analysis to study the market trend and formulate trading strategies based on TA. "There is NO Secret Ingredients. That's just YOU" - Kungfu Panda. He believe practice makes perfect, everyone can be successful in the stock market by constantly learning, practicing and taking action.