Short Ideas

Carter Worth said on CNBC's Options Action show that it appears as if shares of Best Buy (NYSE: BBY) may be running out of momentum. He cited the fact that the stock has rallied sharply in the last month and did not move appreciably higher after being upgraded at Goldman Sachs yesterday.

If you are a short term trader, it is time to consider locking in some gains on the long side of your portfolio and increasing your short exposure going into next week. This weekend, Wall Street will be watching the healthcare vote with keen interest. It would seem that if the bill passes, as is expected, it could cause investor uncertainty about the political environment in Washington D.C.

We may have hit a pivotal turning point in a number of markets today. We will need to see confirmation of reversals early next week…stay tuned. Crude will finish the last trading day of the week 2% lower but will manage to hold onto the $80 level. April will go off the board next week and May will become the front month.

What we have below is a handful of stocks that are showing signs of an impending breakdown as the smart money shows their hand of leaving these stocks in a very subtle manner. Considering market conditions, the results below are invaluable if you are bearish on the market as a whole and believe this rally that we are currently seeing will soon come to an end.