NEW BEARISH Plays

Broadcom - BRCM - close: 23.59 change: -0.78 stop: 25.45

Why We Like It:
It's taken several days of failed rally near $25.40 but BRCM is finally breaking down. Shares broke support near $24.00 and its rising 50-dma today. There is potential support near $22.00 so we're setting our first target at $22.05. Our second target is $20.25. We do not want to hold over the July 23rd earnings report.

Annotated chart:

Entry on      July 07 at $23.59 
Change since picked:     + 0.00   			
Earnings Date          07/23/09 (confirmed)    
Average Daily Volume:       9.8 million 
Listed on  July 07, 2009    


Liberty Global - LBTYA - close: 14.90 change: -0.38 stop: 16.20

Why We Like It:
LBTYA looks about ready to begin a new leg lower. Shares produced a bearish double top in April-May. Now the June rally has stalled at resistance near $16.00 and its 200-dma. I'm suggesting bearish positions now or on a bounce toward $15.50. Our first target is $12.25. We may want to consider a second target near $10.00. The P&F chart is bearish with a $10.50 target.

Annotated chart:

Entry on      July 07 at $14.90 
Change since picked:     + 0.00   			
Earnings Date          08/08/09 (unconfirmed)    
Average Daily Volume:       2.5 million 
Listed on  July 07, 2009    


PACCAR Inc. - PCAR - close: 29.70 change: -1.11 stop: 31.05

Why We Like It:
PCAR has been in a big pennant formation of higher lows and lower highs. Shares just broke round-number support at $30.00 and look poised to breakdown under their 100-dma and 200-dma. I am suggesting readers open bearish positions with a trigger at $28.90. If triggered our first target is $25.25. Our second target is $22.65. We don't want to hold over earnings.

Annotated chart:

Entry on      July xx at $xx.xx <-- see TRIGGER  
Change since picked:     + 0.00   			
Earnings Date          07/21/09 (unconfirmed)    
Average Daily Volume:       4.1 million 
Listed on  July 07, 2009    


S&P Retail SPDRs - XRT - close: 26.07 change: -0.58 stop: 28.45

Why We Like It:
Investors are starting to worry about the pace of any economic rebound and the struggling global consumer. All I have to say it "it's about time!" The XRT is a retail sector ETF and it looks ready to breakdown under $26.00. I'm suggesting new bearish positions now. Our target is the $22.25 mark. This could be a volatile ETF as we move through the earnings season. My time frame is about six weeks.

Annotated chart:

Entry on      July 07 at $26.07 
Change since picked:     + 0.00   			
Earnings Date          00/00/00 
Average Daily Volume:        19 million 
Listed on  July 07, 2009