Posts Tagged ‘pullback’
Leading Stocks Are Signaling A Pullback
Disclosure: I’m short. Rather heavy so read this post knowing my bias. I’ll be short for a very short period of time. The leading stocks of the September 2010 up move are leading the pullback. Stocks like NFLX, OPEN, ARUN, AMZN, PCLN, FCX, and many more are having dark cloud cover patterns. Hopefully a weekly …
The Technical Position Of APPL
You already know why AAPL will be down tomorrow, so lets skip that and cut to the charts. Here is what you can expect from AAPL if history has anything to say about it. Look for a 20 dollar pullback or 8.6% pullback. The lighter pink is an even hotter condition and why it tends …
My Solar Trades Are Working Well, Now Oil Needs To Move
My solar trades initiated on Dec 31st 2010 are working very well. SOL is up 21% and 20.5% SOLR is up 18% SSN is up 11.5% UCO is essentially flat (bought on 12-21 tho) USO calls are down 43% so wish I did a call spread here AUGT (non oil/solar mobile stock is rocking) 57% …
Not Fearing The Pullback, Not Yet Is The Key Phrase
Based on what I’m supposed to do, I should be ignoring whatever pullback happens until it breaks. So currently I don’t care about the pullback. One thing I am concerned about is the negative divergence in the daily RSI (pick your setting). On 9-23-10 the COMPX closed lower than where we closed today, yet the …
Things That Worked, Things That Didn’t
I already mentioned last week about the great movers I sold too early. Tack on another stock I had in my account that I sold too soon. CPSL A couple things happened today. My index shorts got blitzed today. I ate an 8% loss on my RUT short and 4.4% on my NDX short. I’m …
