Editor's Note:

Readers may want to consider trading some of the inverse ETFs if you don't want to short stocks. I found myself looking at ETFs like the DXD (Dow-30), SKF (financials), and the QID (NASDAQ) as potential short-term trades that will all go up if the market continues to sink.


NEW BEARISH Plays

Ameritrade - AMTD - close: 17.88 change: -0.32 stop: 20.05

Why We Like It:
In the last few weeks AMTD has broken down through several layers of support. Today's failed rally bounce near $19.00 looks like a new entry point for short-term positions. I'm suggesting bearish positions now. Our first target is $16.10. Our second target is $15.05. We'll start with a stop loss at $20.05. More conservative traders may want to use a stop closer to $19.00. Our time frame is about six weeks.

Annotated chart:

Entry on   January 28 at $17.88 
Change since picked:     + 0.00   			
Earnings Date          04/21/10 (unconfirmed)    
Average Daily Volume:       6.1 million 
Listed on   January 28, 2009    


F5 Networks - FFIV - close: 50.72 change: -0.91 stop: 52.55

Why We Like It:
In spite of positive earnings news, raised guidance, and analyst upgrades, shares of FFIV are still correcting. The stock has painted a big bearish reversal in the last few days. Today's breakdown under the 50-dma is definitely bearish. I want to see a little more confirmation first. I'm suggesting a trigger to open small bearish positions at $49.45. If triggered our first target is $46.10. Our second target is $44.00.

Annotated chart:

Entry on   January xx at $xx.xx <-- TRIGGER @ 49.45
Change since picked:     + 0.00   			
Earnings Date          04/22/10 (unconfirmed)    
Average Daily Volume:       1.2 million 
Listed on   January 28, 2009