Why I'm Selling CSCO Short

Intel

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Source: TeleChart Gold

Intel (INTC - commentary - Cramer's Take) broke down below the 50- and 200-day MAs (purple line) on extremely strong volume in early January and since has refused to even bounce. But when this stock does bounce on lower volume to the 50-day MA, I want to get short this broken stock. This is another stock I would never want to be long.

America Movil

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Source: TeleChart Gold

America Movil (AMOV - commentary - Cramer's Take) is too thin for me, but the stock is just now breaking below the 50- and 200-day MAs after failing to hold above these lines after doing so for almost five straight years. However, this stock is now rolling over, and if I was still long, I would now be out. Another stock that is ready to start a downtrend.

Oracle

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Source: TeleChart Gold

Oracle (ORCL - commentary - Cramer's Take) started to top in November when it cracked below the 50- and 200-day MAs on very strong volume. However, the stock regained its composure and tried to make a new high in December, but the lower volume led to a rollover right below the 50- and 200-day MAs once again. After Tuesday's session, the stock is now breaking down on heavier volume, and the downtrend looks good to go. Any low-volume rally back to the 50- or 200-day MAs is where I want to go short.

Qualcomm

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Source: TeleChart Gold

Qualcomm (QCOM - commentary - Cramer's Take) is taking forever to collapse after setting an initial top back in May 2006, but now the stock is starting to roll over, once again, on heavier volume. If it can break down below the 50-day MA on strong volume, I am going short QCOM.

Research In Motion

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Source: TeleChart Gold

Research In Motion (RIMM - commentary - Cramer's Take) is finally rolling over, and I am going short more of it before it is too late. I have been short RIMM since early January on the 50-day MA break, and it doesn't look like it will be much longer before this loved ex-leading stock cracks below the 200-day MA. If that happens, I will look to add to my shorts on all low-volume rallies to the 50- and 200-day MA.

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At time of publication, Hayes was short Mosaic, Potash, Apple, Research in Motion, Microsoft and Google.

Joshua "MauiTrader" Hayes is CEO, president and founder of Big Wave Trading LLC, a Maui, Hawaii-based stock market advisory service. Hayes also runs BigWaveTrading.com, an online stock market commentary and stock selection service for short- and intermediate-term investment strategies using CANSLIM and other strategies. Under no circumstances does the information in this commentary represent a recommendation to buy or sell stocks. Hayes appreciates your feedback; click here to send him an email.