Some Shorts

UPDATE: All shorts scrapped for now. The market has broken out or resistance and is in Rally Mode! Keep an eye on the Radar. These will be back!

Autozone (AZO)(Hat tip Tim)

• Initial target $120, secondary target $113, $139 Stop

Notice the convergance of indicators around $112-115. We have a 50% retracement corresponding with former resistance and the 50 DMA. This makes for a great target.

Gold (GC)

• $780 Tartget, $880 Stop

Coach (COH)

• $16 Target, $22 Stop