CNX-IT 3/19/2014

CNX-IT 3/19/2014

Selling everything IT is the trade de jour for last couple of days. We are also of the opinion that selling is not done yet but there are few thing we need to understand before jumping on the train. Overall market sentiment remains upbeat due to elections and shorting anything in this environment is detrimental, especially high beta IT stocks. Still for the braves ( or loonies ! ) who want to short it nonetheless, If we get any bounce then a better level awaits around 9800 on CNXIT.

CNXIT 3_19_2014

CNXIT 3_19_2014