Category: short
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Deja Vu
EWO, an Austrian ETF, is looking eerily similar to the way it looked at this time last year. The stock had broke out of a base in late ’05, pulled back to the breakout point, and made a move in early ’06 that measured 6 points from breakout. A negative…
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New High Failure Trade and AAPL
One of my favorite short plays is the “new high failure” trade. There are three elements to this trade: 1) That stock makes a new high2) RSI peaks at a lower level than the previous high3) Take a short position if and only if the stock dip below the previous…
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Mining Companies Getting Top Heavy?
It may be time to pair back on mining companies: “The chief executives of the world’s three largest mining companies have decided to bow out this year, prompting speculation that they are quitting before the commodities bubble bursts.” The charts of BHP, RTP and AAUK do look top heavy. A…