Short Trade Set-Ups 2/20/13

Watch the 50ma, if it breaks this rising support line on volume, this could be a good short 

Today was a fail, watch this rising support line, if it breaks down below the 50ma it could test this line.

After a strong run we are seeing a test of this rising trend line. Looking to short on a breakdown. Next stop 47.30 area.

Could be setting up to fill this gap and test this prior resistance.

Watch this support line and the 50ma, could fill this gap for a nice short

Retail stocks rolling over

This is a look at the XRT that tracks retail stocks. There is a pattern of lower highs and break of key support on volume. I'm looking to hit certain retail stock hard to the downside.

Short Set-up NIKE $NKE

$NKE clearly breaking down. After making a 114 high, it failed to climb higher making 3 successive lower highs. After falling through the 200ma on volume this stock is clearly headed lower.

Short Set Up: Russell 2000, RUT, TZA

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.

2 Short Set Ups: C, CROX

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.

How I'm Shorting Netflix - NFLX

So far I am nailing this short 3x this week. The Nasdaq continues to tank adding to the misery of this stock. I think this stock sees $66-62 range before the shorts are done with it.

$WYNN, Another Shorting Opportunity

50ma acting as resistance. 

Weekly outlook is bearish starting the year with a bearish candle formation.

$GLD Headed Lower?

200ma coming into play again.

A strengthening dollar could spell trouble for gold prices.

$GMCR - Bear Flag Formation

Potential shorting opportunity.

LCC - US Airways Head and Shoulder Pattern Complete

I posted [THIS SETUP] 2 weeks ago anticipating a breakthrough to the downside. I wish I would have followed my own analysis and shorted this. Its down over 15%.

$LCC

Short Setup - Head & shoulders pattern. I'm going to watch this and see what happens. If the price goes below the neckline I may short this. Oil prices will be a factor. Higher oil prices could push the stock lower.

$IMAX

Short Setup. I am short based on this setup.