Chart Fest
CHL and NEM Two Huge Cup and Handle Formations
Was checking out the CBOE iPad app and noticed CHL made the most active options list. Decided to check the chart and it looked good on the lonnnnnnnger term basis. Same story with NEM here. The difference is this sector, the miners, are catching some mojo here.
Time and Sales Gallery of Stocks That Crashed Intraday
This is a list of the stocks I could find that had extreme moves during the 2:40-3:00pm today 5-6-2010. Some of these stocks, and the time and sales don’t show it, printed 0 or slightly higher as the low of the day. The Nasdaq has erased trades that dropped more than 60%, but you can …
Short Trading Ideas
In addition to these, looking at AEM, NEM, GLD, GDX. The market actually needs to move down a little further and more short ideas will emerge and many would be longs (if we closed the week right here) will likely swap over. If this whole scenario doesn’t play out, it may just be time to …
Charts of Currency ETFs and BRICs ETF
For this week (and possibly beyond) I have a technical macro bearish bias, but this upcoming Friday is pivotal and could change things. Today was a major shift, but Monday’s don’t count. Things can look great on Monday and then by Friday you’re totally engulfed in red candles. The following charts below include my bearish …
My Big Winner Today Was POT, Looking For More Winners Tomorrow
I bought POT near the close on Friday. They were the Dec 105 calls. Today this is what they did: I sold about 40% of my POT position this morning for around 50% gain, and kept the rest of the position and is currently up 81.5% at the close today. WMT has been kick ass …

