Since my post on 25th May 2015 on being slightly bearish, the markets has been down and in correction mode. And since then, I have stayed bearish. Going forward, I suspect the selling is almost over though not totally over yet. I am starting to turn neutral from my bearish view of the markets. I am starting to balance my shorts and longs for now.
Due to the correction for the past few weeks, there are more counters to monitor to go long than shorts. Counters I am monitoring to go long will be Firstenergy Corp (FE), Amgen Inc (AMGN), Celgene Corp (CELG), Comcast Corp Class A (CMCSA), Twenty-First Century Fox (FOXA), Hewlett-Packard Company (HPQ), Host Hotels & Resorts Inc (HST), Kohlberg Kravis Roberts & Co. (KKR), Kroger Company (KR), Linear Technology Corp (LLTC), Oracle Corporation (ORCL), Pepsico Inc (PEP), Seagate Tech Hldgs (STX), Symantec Corp (SYMC), Sysco Corp (SYY), Western Digital Corp (WDC), Weyerhaeuser Co (WY).
For shorts, the counters that I am monitoring are Huntsman (HUN) and US Steel Corp (X).
Some of the above have been traded while some have not fully passed my criterias for entry yet so they are still in monitoring stage. Take note that the above are all short term trades and not all will be traded by me. For those interested to know how I trade the financial markets for more than 50% annual returns since 2012, please register for my Singapore free seminar by clicking on the link @ https://www.onlinegurutrader.com/free-seminar/