One more bearish stock chart – CQB
March 2nd, 2010 richkCQB has bearish stock chart. It is very weak stock. I am going to short it in my fund.
CQB has bearish stock chart. It is very weak stock. I am going to short it in my fund.
I have noticed bearish stock chart pattern on AAPL chart. I am looking for short sale entry with target near 170 level. Very tight stop.
I am watching GOOG stock. It shows signs of selling and weakness. There is possibility for another drop. I am going to short this stock.
I have been looking for establishing new short in Japanese Yen currency. It is based on Global macro story I follow in my fund. And it is also confirmed by nice chart pattern. You can see it on chart of FXY (Japanese yen Currency ETF).
Current market environment is not very bullish . But there are some stocks with very good relative strength. I used my 52week bullish scanner to find some of them and here are some picks: KFT, CPO, LII
I noticed that UUP is only bullish ETF in today’s market.
I am in long UUP trade for more then month and expect more upside move.
I was able to spot early strength by my proprietary scanner I use for scanning about 80 ETFs in my watch list. I use this watch list for selecting best trading opportunities for my ETF trading strategy I use in my fund.
Btw. I am now preparing special newsletter which will publish my ETF trading setups , picks and analysis. Keep tuned, will be available soon.
ORLY has made long consolidation and now looks like it wants to breakout up. I am holding ORLY long trade for some time already and I am ready to add if this breakout will happen.
USD index ETF – UUP – is forming bullish stock chart pattern . It offers another opportunity for opening new long trade in this ETF.
I have noticed that USD Index has broken downtrendline and finished last week stronger. I think we can see start of new USD bullish trend move . I am waiting for this new trend and plan to trade it in my fund accordingly.
This index can be traded directly with ETF stock “UUP”.
HP – stock from Oil and Gas Equipment and services sector – is weak in last weeks. It looks like money are not flowing into this stock. It is good candidate for short sell trade.