Thursday, February 3, 2011

CVS Trade (Short)

 Great 3C daily signals on CVS

 Here's the 1 min. There may be some follow through selling tomorrow, but eventually an oversold bounce should provide for an interesting trade opportunity. CVS trends fairly well.


 My Moving average screen with custom indicator for whipsaws, you can see how clean the signals have been here. I'd be looking for a bounce near the 10-day average in yellow, it may not make it that far, but that's ideal.

CVS Trend Channel for stops. The TC has caught most of the major trends up and down. The current stop is near $35, that will come down in the days ahead, but if you consider this trade for a trending short, the TC would be a useful tool.

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