Trade Ideas and Follow Ups

AMZN (short)

 AMZN is breaking below the 50-day moving average for the 2nd time, after a brief test of resistance at the 50-day, it's moved lower and could be traded here or you could wait for a new low to be made which is very close.

 The white line is a possible entry at the new low, the red lines are two possible stops, I prefer the upper (wider) stop initially in this market.

 AMZN's 15 min 3C with a negative divergence at the February highs and confirmation on the downtrend since.

ANR (short)

 Similar to AMZN in having broken the 50-day twice, this is a little better positioning with the test of the 50-day average today, thus far we have a negative shooting star daily reversal candle which makes this a lower risk trade with a better entry.

 ANR's 5 min 3C today on the shooting star daily candle, this is a leading negative divergence so I'm guessing that today is as high as she's going.

BRCM-follow up

 We have a bear flag and a stop in white that suggests this is still a good trade, whether you are in it or want to enter it.

 Here's 3C inside the bear flag on a 15 min chart, note the positive divergence in whte forming the flag/consolidation, but also a red arrow/negative divergence near the highs of the flag indicating this flag may be soon moving to new lows.

DBLE (long) Follow Up

 The false breakdown is something I like to see, DBLE has recovered from that move and is in excellent position to start a leg up, perhaps an entry around $11.50 or so?

GM (short) Follow Up

 Breaking below the IPO lows? That's not good and puts a bunch of hedgies at a loss. The white area is a potential longer term stop with the red area as a possible entry on a new low, or you can phase into the trade starting here and add on the new low.

 For short term / Swing traders, the trend channel on a 60 min chart has been holding, in that case, i'd enter here and use this stop as it continues to move down to lock in gains.

GOOG (Short)

 GOOG is also breaking the 50-day moving average (daily), the red trendline is a potential stop, the white an entry which would include right now as it has moved below the trigger candle signal today.

GS (short)-Financials are not looking too good.

 This is a large H&S pattern, it may see some volatility around the neckline which is broken today-a possible entry right here. Volume has been bad lately as it should be for the price formation.

 Here's a wider trending stop on a T.C. 2-day chart around $168, but if GS moves lower, the trend channel will catch up quickly, locking in gains every day.

 The 15 min 3C chart for GS shows multiple divergences, I suspect these are institutional short positions.

KBE (short)

 KBE is also breaking the neck line of a H&S top formation. The two short red trendlines are potential stops. In this market I always prefer the wider stop on positions like this that are possible trending candidates.

 KBE's daily 3C chart shows a vert negative divergence right at the head or highs, since then it's gone into a leading negative divergence which is quite serious on a daily chart.

 And the recent bounce, 3C 5 min shows distribution at the top of the bounce

LCC (short)

 Here's a weekly chart showing LCC in big trouble, about to break support and volume has been very significant.

 on a 1-day chart, the two white lines are potential entries, one includes the current price, the next is a new low taking out all support. Look at the red volume! Big problems here.

LVS (short) Follow Up

 Weekly chart showing the triangle top breaking down

 We see the same on the daily chart, really there's been no bounce with the market, that's underperformance and not good.

SMH (short)
 On the daily we see a marginal new high which appears to be a false breakout trapping some longs in losing positions yesterday.

 The 15 min 3C chart shows the breakout as having been negatively divergent throughout. I like set ups like this and would consider a short in the area with a stop above yesterday's highs, a good risk:reward ratio.

XLF (short)

 XLF has underperformed the market and has also moved to a short signal off of yesterday's signal candle. 3C daily looks horrible.

 XLF at the 50-day moving average, and it's breaking down a second time-I like this one right here.

There is a 1 min positive divergence so you may get better short positioning off an intraday bounce.


And finally on a personal note, can anyone tell me what this is a painting of?