The markets are catching some overly aggressive traders on the long side a but offguard as the indices turn red this afternoon.
We made some changes to our "Best Dividend Stocks" list as well, pruning some short-term winners. As for the ideas and themes to be watching here in the last hour:
: Making a comeback today after yesterday's downgrade damage.
UltraShort Real Estate ProShares
: Real estate-leveraged short play is looking higher.
UltraShort Financials ProShares
: Financially leveraged short play is looking higher.
UltraShort QQQ ProShares
: Working well as the
The SRS and SKF have dug in their heels throughout the day. May be worth taking a shot as long plays into tomorrow. Keep your positions manageable as these two plays need to be timed perfectly. Same thing with the QID.
: Losing the bulk of its gains.
: Railroad play leading the transports lower.
: Could not bounce back after company trimmed estimates.
: Losing the bulk of its gains today.
Green Mountain Coffee Roasters
Polo Ralph Lauren
: Both stocks spiked higher earlier today, only to see the gains disappear just as quickly.
: Auto parts retailer selling off badly throughout the day.
AZO seems to be the most inviting short play as we see it. Traders that have been following our lead should have seen the bulk of their trailing stops being hit this afternoon, but not until some nice profits had already been factored in!
Be sure to visit our complete
recommended list of the Best Dividend Stocks
as well as a
detailed explanation of our ratings system
At the time of publication, the author had no positions in stocks mentioned, although positions may change at any time.
Tom Reese and Paul Rubillo are senior editors of Dividend.com. Visit Dividend.com for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.