I would say that the strongest dow would probably be MMM and IBM, also INTC and MSFT are quite strong. AA is a "toss up, BB are narrowing and it could break either way. It closed at $28.45 where it is a relatively "safe" short with a SL at $30. A break of $30 should turn it back to bullish...
On the weak side (and the term "safe short" only means that the stop is less than 5%, thus the risk minimal)
KO (I proposed it as a short again in late July between $45.5 and $46.5 it got as high as $46.25 the next day (7/31)) is still a good short here around $43, if it breaches $42.25, it could rapidly go to $39 and possibly lower to $37. At the same time EK was suggested in the $27.80 to $28.80, it got as high as $29.90 since and could go to $24 and possibly breach it (despite the fat dividend). Earlier this month I suggested MRK short at $53.75 to $54.5 and JNJ at $52 to $52.5 Both are already in the money and I think they could go to the $44 to $47 area respectively in a bad market. (see #msg-14225870). GM also suggested in the same post could break down to $37 or so and shorting in the $41.85 to $42.24 with a stop at $43.50 seems "safe".
Another weak stock is not CCMP with a target of $55 first and then maybe even $48. It needs to break $60.75 first, though. A SL at $65.50 should be "prudent". It is a snorter and could move up fast...
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