Trading Stocks & Personal Development: Making the Complex Simple.
Shorting the stock market is never easy. However, the market often gives us clues that increase the probability of a successful trade. Two weeks ago we talked about those clues.How to identify a market short signalSince then the market made an attempt at remounting the 50 day moving average. If SPY had held those levels,... Continue Reading →
Swing traders need a basket of "goto" setups that can be applied to different markets. Two of my favorite are the breakout-remount and the breakout failure. Mr. Market, aka SPY, offered us a little of both a few days ago with a remount that failed. Notice in the chart above SPY has remounted the 50... Continue Reading →
I exited the AAPL short today at $183 for a nice gain. Stock is nearing support. If support breaks, I may re-enter.This morning I entered GMCR SHORT based on the breakdown-pullback setup. Stop is above the moving average.
I went short AAPL prior to the trendline break at $292 (see Trade Report). Looking to take profits in the $180-185 range:
I went short AAPL today. Overbought and lots of space between price and moving average.
I like SPY as overbought short setup. Overbought and into resistance w/ little consolidtaion or pullback.http://chart.ly/qdyyrw
I entered SDS today. It is extremely oversold and RSI shows a positive divergence. The last 3 similar states have lead to decent, tradeable bounces.
I went short MON as it pulled back to resistance levels via a bearish flag pattern.
Here is the trade report for Tuesday, along with analysis of today's SPY short and more setups:http://docs.google.com/View?id=d5z8q8w_1422cfb7fcgv
PCU and FCX are on fire. Technically, they look great on a pullback to support for long entry. However, they are very extended. Take a look at the distance from the 50 day moving average. I think we are due for a snap back. I will likely short on more strength.
Paul J Singh 