Ford follows the market today and closes a bit lower, but still remains in a very close proximity to a short term low. Aggressive traders can purchase call options and traders who have rode the stock lower on puts or short sales should definitely look to take their profits on their entire position.
USU now looks like it needs one final push lower below $6.10 before it can complete its first leg down. From that point, I would look for a counter trend rally to retrace 50 to 62% of the decline.
USU will become another shorting opportunity once a counter trend rally has been exhausted.
Oracle has finally started to move nicely with a very sharp move lower today.
The ultimate downside target remains 21.50, but taking 1/2 your position off the table with some nice profits would not be a bad idea.
First Bancorp is rapidly turning into a very nice short sale.
Yet again, another recommendation that you may want to take 1/2 to 3/4 of your position off the table with some excellent profits.
The chart shows the ultimate downside target.