Skip to main content Last-Hour Tells

First Solar makes a comeback after yesterday's downgrade damage.

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:

Long Themes

First Solar

(FSLR) - Get First Solar, Inc. Report

: Making a comeback today after yesterday's downgrade damage.

UltraShort Real Estate ProShares

(SRS) - Get ProShares UltraShort Real Estate Report

: Real estate-leveraged short play is looking higher.

UltraShort Financials ProShares

(SKF) - Get ProShares UltraShort Financials Report

: Financially leveraged short play is looking higher.

UltraShort QQQ ProShares

(QID) - Get ProShares UltraShort QQQ Report

: Working well as the


falters here.

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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.

Bearish Signs

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. Report

: Losing the bulk of its gains.

Union Pacific

(UNP) - Get Union Pacific Corporation Report

: Railroad play leading the transports lower.



: Could not bounce back after company trimmed estimates.

CME Group

(CME) - Get CME Group Inc. Class A Report

: Losing the bulk of its gains today.

Green Mountain Coffee Roasters



Polo Ralph Lauren

(RL) - Get Ralph Lauren Corporation Class A Report

: Both stocks spiked higher earlier today, only to see the gains disappear just as quickly.


(AZO) - Get AutoZone, Inc. Report

: 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 Visit for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.