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.

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.

Rules To Trade By

These are ground rules I trade by.

Risk Management

• Every trade gets a stop, 5% maximum loss total on any trade.

• Protect profits at all times. 

• Don't let a profitable trade turn into a loss... ever.

• Profits - Some of it is better than none of it. You'll never get all of it. 

Execution

• Buy at support.

• Don't buy or short on the 3rd day of a move.

• Be more patient, go for 10-30% profits rather than 2-5%

Seeking Opportunities

• Look for technical patterns and potential breakouts.

• Before a buy or short check conditions: Market > Sector > Stock