Saturday, July 28, 2012

Trade Ideas: AMGN, AMZN, AON, BSX, MNST, VRSN

Breakout on heavy vol, looking for a retest of the breakout level to buy.

 Breakout from consolidation on heavy vol
 Breakout from consolidation, heavy vol. Could argue a rounding bottom pattern as well.
Short play, looking to short on any failure near prior support.
Once a high flyer, now has lots of overhead supply. Short play on failure near 70 level.
 Breakout to new high on good vol.

Friday, June 22, 2012

Facebook Bullish Pattern

I may be crazy but I see a cup and handle formation on $FB. Today's volume was almost 2x the 20day average. I am looking for a breakout above 33.75 to confirm this pattern's bullishness.


Thursday, June 21, 2012

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.


Saturday, May 5, 2012

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.