Friday, March 20, 2009

Fade me list!!!!!

UPDATE 11:36: If you short HTLD congrats but you might want to cover half here, we are at the 23% Fib Line


I am mainly watching today, it's OPEX and trickery can go on. Here is a list of stocks, that could be good trades.

HD
-Short @ 23.25
Hitting resistance at 23.25, it has failed at this level 4 other times. It is also meeting the 200MA.

SNE-Buy if breaks 21.15, Short if it fails at that level.
Nice up trend on this stock, broke through its 50MA.

HTLD- Short at 14.30-14.58 --Stop would be 15.05
38% Fib retracement and a prior high. Lots of overhead supply above as well.
AFG- Short around 16's
Meeting resistance at it's 2008 Lows. It has filled it's gap from Feb. Very overbought and Stoch is rolling over.