CryoPort Inc (CYRX)

[tigertrader]

hstrader: I'm glad you brought up shorting FDX, because it really got me thinking about the market, and the possibility of the major indices rolling over, especially now that we are in the summer months. The market has definitely run out of steam, as evidenced by the low volume and the narrow trading range yesterday, in the major indices. I think we are holding at these levels currently, because we are near the end of Q2, and we are basically break-even on the year. Institutional money managers, and perhaps the WGFM, are probably doing a little end of the quarter window dressing, to make the market look like it is in better shape than it really is. While the major indices and the sectors that have led this bounce off the March lows, still have not rolled, there are some sectors that are starting to look pretty weak, sectors that are extremely economically sensitive. If you take a look at Regional Banks KRE, Homebuilders XHB, and Retailers RTH, their respective charts look pretty bad, and could be a leading indicator, of the impending weakness in the major indices.It will be interesting to see if the market can continue to hold these levels in Q3, and beyond. If the market does indeed roll over, you already have one of your short candidates, FDX. You can also begin to look at stocks that are in the KRE, XHB, and RTH, sectors as good short candidates.