Thursday, April 23, 2009

MS Morgan Stanley: Tell me when to short you

While several are calling for the end of the financials trade, I'm not ready to short yet. Case in point: MS. It hasn't broken support yet. However, the MACD looks very weak (i.e., starting to curl over) which is a bad sign at a key support level. I'm on the sidelines.

Big version here.

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