If I sense weakness in the overall market I may keep thing simple and buy $TZA (short small caps). I also like this HDGE as a way to take advantage of further downside, I also like the fact it made The Fly’s Lab screen:
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If the bulls do decide to show up, here are a few charts of interest:
$VMW – Closed above the 50 and 20 day moving average on Tuesday. Watch for a continued breakout above Monday’s high, 78.75:
$UCO – Easy to manage here with a stop under Tuesday’s low.
$FSLR – Nice high and tight flag, I’m looking to buy strength:
$AMD – If the semis get going, I like the look of $AMD here. Use a tight stop under Tuesday’s low, 2.40:
