The small caps are forming a head and shoulders pattern and I am currently short with TZA. I am looking to add to my short if the price action drops below the neckline support.
Saturday, May 5, 2012
Financial stocks are pulling back and I'm capitalizing on it. I see a head and shoulders pattern forming here and see a lot of potential downside. I'm currently short this stock.
Crocs makes ugly shoes and the stock looks uglier than its products. The price is testing a gap that it wants to fill. Looking to be short this stock upon any breakdown of current support.