Tuesday, December 13, 2011

Trade Ideas, SPG, SAI, HBI (short)

 hate to dump these on you on such short notice and you may want to be a little patient and take a closer look, but alerts I set just went off so here they are.


HBI
 This one set off the alert because it is breaking below a very big top on this weekly chart.

 Here's the break on a daily chart.

 And on a 5 min chart

 Here's 3C with a head fake, and head fakes are one of the last things we often see before a break down.

SAI was from this weekend's scan
 Here you can see it has had 2 head fakes above the 50 day ma

 3C 30 min looks bad

 a close up of the 30 min and another head fake at the 50 daily ma

 Here are both head fakes above the 50 day ma, both were sold in to strength.

 These two charts 2 min and 1 min both show the last head fake before it moved below the 50 today.


SPG-Simon Malls
 The 1 min chart here looks horrible

And this was a scan candidate as it now breaks the daily 50 ma

Don't rush in to the trades, we have time to look at them closer and talk about ideas, feel free to email me


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