DELL a Short Trade

 Dell daily, a bear flag consolidation breaking down. I've had an alert set for this breakdown, it just sent a trigger.

 3C 60 minutes in nice confirmation until several days ago, a beautiful negative divergence at the top of the range.


 30 min chart confirms the same

10 min chart confirms again, this is what I like to see, multiple confirmations.

Dell may pullback a bit and offer a better entry, but you may risk it not coming back at all. You could try a phased approach adding on any strength, wait for a pullback or just go for it now, but your stop needs to take a pullback into consideration.

I'd think an initial stop at $14.20 would work. The trend channel is at $14.27 but it'll probably hit $14.20 by the close. This is another bellwether stock taking it on the chin-not good news for the market.