Plenty of Noise

A weak open despite the weak econ #'s which were assumed to drive markets higher.

Tough read here since most shorts have declined significantly. And shorting when the odds are not stack with you is rather a ballzy bet.
Semi's have declined about 18% avg. in line with the may corrections. And obsiouly commdity related names.

Here are short ideas from few weeks back outlined with ranges. Again ballzy to step in as a short.


BEN: short in tact between 90-80 range. Asset Manager have had a huge surge in the last 3+ year and near-term have shown weakness....would trade around this short. (recent range $104-90)
TEVA: a short worth adding to on any strength. Strong volume break down ...setting up for intermediate-term weakness. Further correction to continue. (45-37)
WDC: short: 21.43 resistance using support around 18. and Add to short if breakdown below 18. ($24-18 range).
BRCM: A short worth coming back to as it is reaching overdone levels. Add to short on any strength. ($50-36 range correction).
RIMM: $90-70 range offered a great short opportunity. watch closer to $70 for potential bounce but intermediate-term momentum slowing.
not timely here but watch and add.