So let me do some of the work for you, here are a couple of a ideas. Do with them as you wish, **But read my disclaimer first, I don't need any fights like the in the last post to occur just because of me**
DF-Hitting resistance at around $20 and has filled it's gap (that's what she said). A short around that level with a stop at $22.50 not a bad idea.
TXRH- Similar looking chart to DF, expect this one is below its 200MA, declining RSI, MACD. Zoom out to the 5 year weekly and it looks even better.
FDO- I am showing the 5 year weekly, to eliminate some of the noise of the daily. It's close to breaking its trendline. All the indicators are showing divergence. It's right at the sweet spot of the triangle. This looks GOOD!
CENT- I usually don't do "fundamental" trades but WTF! This is a company who sells Lawn Garden and Pet supplies. Yep I am sure those will be in high demand in the depression. Then take a look at their fundamentals. Just something to think about. Plus the 5 year looks like a good short.
There are a few long, but be careful since the trend of the market is down these could go either way:
MEE- Forming a double bottom, and an energy related stock. A bounce in energy could send this stock higher.
SHW- This is showing some nice positive divergence on MACD and seems to have found a bottom. A break out of the down trendline is bullish, or I am going to wait a couple of days and see what SHW does when it gets to the sweet spot of the triangle.
MO- could find a bottom soon, some support at 14.04.
So there you have, some shorts and some longs. Do as you wish with them. Have any comments on them please post them.
I closed my HIG position today, wish I didn't I set my stop way to tight.
Still holding PFE, my stop is 12.35, I may move it tomm.
Still holding SSO.
And I bought some TLT in the morning today.
