Hubert Senters here.
Let me walk you through a little hack that I use to gauge the power of the stuff that I’m looking to trade. So in other words, I feel that Heinz and Pfizer are not in great shape today. The Dow’s up good. The Nasdaq’s up good. Pretty much every index is bouncing today. So what I’m going to do is I’ll take a quick glance at Pfizer and go. Pfizer did you bounce? No. You’re still down on the day. What about Heinz? Did you bounce? Let’s see here or not Heinz. Yes, Hands craft. KHZ, did you bounce today? No you did not.
So in this case scenario my synopsis or my guess or my bet would still be that these are really good shorts and I would still focus them on the short side. Now, you can also do the same thing on down days if the market is down and your stock is still up.
You know that they have some really good relative and overall strength on top of the markets’ regular strength. So in other words these two stocks I’m looking at right now are weaker than the rest of the market so they’re going to make good shorts for me over the longer haul.
I’m going to be hosting Ross Givens today on the Insider Trading Summit. ‘’See How to Potentially Reap Huge Profits Following Insider’s Trades.’’ Today at 4:30PM EST. Click the big BLUE BUTTON there to register for the webinar.
Good luck. Hope it helps. See you on the next video.