Tuesday, October 21, 2008

BNI, CME, BBH, DNA

For the most part, to short at these levels would be irresponsible...unless you can do so with little risk. For two short-term, low-risk setups I still like the following:

BNI resistance at 85/86




















CME short below 310




















I'm not in love with biotechs here either.
DNA


















BBH



















Longer term (Q4) some of the commodity stocks have room to run - Ag, Steel, Coal.

Consider RATIO SPREADS once you understand the risk.

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