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Short Selling Recommendations For January 4, 2011

Presented below is a listing of stock recommended for short selling on January 4, 2011 as based upon their chart performance for the day.


Small Cap Energy Stocks
Bronco Drilling, BRNC,
Petroleum Development Corp,  PETD,
ION Geophysical, IO,

Small Cap Consumer Stocks
Darling, DAR,
Rent A Center, RCII
Deckers Outdoor, DECK,
Zumiez, ZUMZ,
Lulu, LULU,
Tractor Supply, TSCO,
Artic Cat, ACAT,
Boston Beer, SAM,
Tootsie Roll, TR,



Interval Leisure,
IILG, Note that the stock has already entered into an Elliott Wave 3 Down sell off




Basic Materials Stocks

Western Refining, WNR,
Texas Industries, TXI,
Junior Gold Mining Shares, GDXJ,
Silver Standard Resources, SSRI,
Gold Mining Companies, GDX,
Brush Engineered Materials, BW,
NewMarket, NEU,
China Materials, CHIM,
Silver Standard Resources, SSRI,
Kodiac Oil And Gas, KOG,
ION Geophysical, IO,   

Industrial Metal Equities
Horsehead Holding, ZINC,
Headwaters, HW,

Uranium Miners
Dennison Mines, DNN,

Home Builders And Home Improvement Stores
Lowes, LOW, The company entered into an Elliott Wave 3 Down today.

India Small Caps
The India Small Caps ETF SCIF

Nasdaq Community Banks
SVB Financial, SIVB,

Small Cap Revenue Stocks
Options Express, OXPS,
Nelnet, NNI,
Nicholas Financial, NICK,

Design And Build Industry Stocks
Fluor, FLR,

Small Cap Health Care Stocks
Salix Pharmaceuticals: SLXP,

Business Service Providers
True Blue, TBI
Ship Finance, SFL

Metal Manufacturing Stocks

American Railcar, ARII,  
Globe Specialty Metals, GSM,
Park Ohio Holding, PKOH,

Diversified Communication Providers
IDT Corp, IDT

Small Cap Technology Stocks
Active Power, ACPW,
Measurement Specialties, MEAS
QuickLogic, QUIK
Avid Technology, AVID
Polypore, PPO,

Railroad Stocks
Genesee and Wyoming Railroad, GWR

Retail Stocks
PETsMAR, PETM,
Tiffany and Co, TIF,
Gamestop, GME,

Restaurants
Panera Bread, PNRA,
Ruths, RUTH

Latin America Stocks
The Latin America ETF, LATM,
Companias Cervecerias, CCU,  

Textile Manufacturers
Unify, UFI

Small Cap Industrial Stocks
Flow International, FLOW  
Complete Production Service, CPX
Trimas, TRS

Software Manufacturers
Web.com.Group, WWWW
Interactive Intelligence, ININ
Live Person, LPSN,

Internet Stocks
Internet Capital Group, ICGE,  
Priceline, PCLN,



Environmental Service Companies

Nalco Holding, NLC

Country ETFs
Switzerland, EWL,
New Zealand, ENZL,
Australian Bank: Westpac Banking, WBK,
Australia, EWA; fell sharply after having manifested an evening star candlestick pattern yesterday in what analysts called the Bank of America Rally



The chart of the Australian Dollar,
FXA, shows that competitive currency devaluation is now underway at the hands of the currency traders. Notice how the Aussie broke out of a diamond triangle pattern and rallied to th end of the year



Real Estate
Real Estate: Asset Management: MCG Capital MCGC
Real Estate: Office REIT, Capital Lease, LSE,

Semiconductors,
IPG Phototronics, IPGP

Chart of the Day is that of Asia Excluding Japan High Yielding Securities, DNH, It illustrates that moneyness came to Asia on a higher Australian Dollar, FXA, as investors sought a supposed safe haven investment from the Sovereign Debt Crisis. Competitive currency devaluation at the hands of the currency traders is now underway as they are calling the major currencies, DBV, lower against the US Dollar, $USD, at the current time.



Summary
Chart after chart from the above presentation reflects that the world has passed through an inflection point: that is it has passed from the age of expansion and age of leveraging  … and into the age of contraction and the age of delveraging.

Probably the greatest currency carry trade of all time has been the purchase of the Swiss Franc, FXF, and the sell of the Euro, FXE, as savvy investors saw the European convergence carry traded ending with the onset of the European Soveign Debt Crisis.

These astute individuals sold out of the Euro and borrowed Swiss Francs at Austrian and Switzerland Banks and invested via the neoliberal Milton Friedman Free To Choose currency regime in Estonia, where according to Bespoke Investment Group Blog, the convergence carry trade coming from Estonia joining the Euro provided a 2010 return of 72%. Might it be that the Swiss Franc, FXF, will fall faster for a while than the Euro, FXE?  Here is the chart of The Swiss Franc - Euro Carry Trade, FXF:FXE.




I believe that carry trade investing in Estonia will quickly unwind, leaving the people living there wondering what has happened to their country and their stock market; yes soon, those living in that nation will be asking if surrendering their fiscal sovereignty and fiscal seigniorage was a good idea.