Especially Nasdaq-100 index is moving sideways in range. Still not able to move over 20EMA. This is not good sign for bulls. technologies are not bought by large investors.

And it means that they are still good for short trades. I traded GOOG 3 times during last 2 weeks and made nice profits on this stock. I plan to short this stock again in every rally to 500 (previous support, now resistance).

Also stocks like AMZN, EBAY, EQIX are good opportunities for possible short swing trades

This entry was posted on Wednesday, February 27th, 2008 at 4:16 am and is filed under Stock market comment, Stock pick. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.