From the link:
Note the last time these stocks sold off in mid-March (see the charts below), the NYMO/NYSI was negative. No so this time, which probably means any drop here will be no more than a dip.
However, for nimble traders, scalpers, there could be a shorting opportunity on breaks below Friday’s lows on these stocks with Friday’s highs as an initial stop loss level. It might be easier to to buy puts for the same play. One thing about a trade like this, if it doesn’t do what the setup says, nothing is done. If it does, there could be a quick profits. And sometimes a scalp like this can get carried away into a real decline and a bigger profit.
For more and the charts:
