Sunday, April 12, 2009

A small fade me list

Quality over Quantity for this week's list. But some of the Charts from last week's fade me list and some are still in play, so you can check those out again.

APC- I like this stock if it breaks out of the 200EMA. It has support beneath it at the 50/20 and the trendline.


CHK- This was on my Fade Me List on 4/6 it said buy around 18-17. It has since broke out above it's resistance at 20. It formed a 3rd Watch Pattern and broke out.


COP-Bear Flag is forming and price is moving towards it's down trendline from Oct and Nov. There is also resistance/overhead supply at 45. If your a risky trader you can short here, I rather wait for the bottom of the Bear Flag to break. If it is a true bear flag it would take it down to low 30's


BEAT- Just BEAT IT! Broke its trendline since Dec. Failed to get above it's 50MA on Thursday and closed below it. Bearish Divergence on the MACD as well.



Not to many stocks that had great entry or exits. "Fade Me Scans" will keep going on all week, some downside price action might make for better entry's on some stocks for the long-side, or some more upside will make for better shorts. Most stocks are in "GAMBLERS MODE" that they can go either way and don't offer great entry or exits.