Stocks This Week: Sell Short Starbucks And Archer Daniels Midland
ADM(ADM) Forbes·2024-01-08 22:00
Photographer: Michael Nagle/Bloomberg© 2024 Bloomberg Finance LPThe market may have topped sooner than projected. The 15th was seen as a high but the indices have turned weaker earlier than expected. In either event, it is not wise to assume new long positions at this time. There may be a low in the latter half of the month. The monthly S&P cycle still points to a late March low. Let us consider some short sales. One begins by seeking stocks with weak relative strength and bearish seasonality.Starbucks rela ...