Tuesday, September 16, 2014

Here they are...

As mentioned, most of these we either have a partial position or a full position in and they are near the top of the watchlist for a lot of reasons, largely long term deterioration and using short term price strength to enter at the best price/lowest risk. Here are some rough areas I'm setting alerts for each of these assets. Since the move is already under way, some of these alert areas have already been hit.

">" means "Above" and "<" means "BELOW"

Each of these will have multiple target levels, as they hit each one which I've picked for a specific reason, I'll be checking them and looking for the entry which will be price strength and short term 3C charts deteriorating in to that strength. All of these already have long term charts that are in the bowl and that's why they are on the list to begin with. Of course anything higher than my highest target is fine as well, so long as there's distribution in to the price gains.

These are the price alerts I'm setting to account for not only the HYG divergence and the divergence from yesterday in the averages, but a possible stage 3 head fake move on a F_O_M_C knee jerk reaction, this is why there are several levels, each are important to me for different reasons.

These are all short sale assets:

SCTY is a nearly filled out full size short  at a decent 7+% gain, although it really doesn't matter if you are interested in it as a new position, a partial position that needs to be filled out or none of the above.

I'm looking for moves or target areas in the ranges of > $70, $72.50, $75, $77.50 and $80


FSLR is about a half size position at a 2.5% loss which is fine, it's figured in to the risk management for a partial position when I'm looking to add to it at higher prices.

>  $71, $72, $73, and $74

IYT /Transports IYT short is already a full size position we recently added to and pretty much at break-even so it's doing fine. I like IYT right here for a longer term position short, although you might consider a partial position and add to on a move above my price alert levels below. You must include the phased in position in to your risk management before you enter. In other words, this isn't Dollar cost averaging to make a losing position look better in which you already have a full size position and add to it, adding unacceptable risk levels.

>$153.25, $153.75 and 154.50

COF is one recently covered as a Trade-Set-up with no current open position, I'm looking for a move in to the area of...

> $82.50, $82.75, $83.15

PCLN is a partial long term core short which has plenty of room to add to, just looking for the right bounce... Last night PCLN was mentioned in the Daily Wrap as a likely bounce candidate for today based not only on the wider expectations, but the hammer closing candle on higher volume.

> $1175, $1185, $1200, $1220, $1230, $1240, $1250

GM I just added yesterday as a Trade-Set-up, I like it as a longer term short and I like it here in this general area for a partial position, although while I'm expecting more upside I'd prefer to wait on it or only open a partial position and leave plenty of room (50%) to add at better price levels, so my position size would be likely 50% or below for a partial position here in hopes of adding at better prices.

>$34.25, $35, $36, $37, $37.50, $38.15

AAPL is another longer term position trade, it's also another I like right in this area on a long term position trade basis. There's no current AAPL position open as of now.

>$101, $101.50, $102.75, $103.50 and $103.75

BIDU is another I like for a long term position play right in this area, but if we can get it at a better price, all the better. My alerts for BIDU are as follows:

>$219, $220, $221, $225.50, $227.50 and $231

XLF is one I like in the area, the target we were looking for since June was above $23 so the FAZ (3x short Financials) position is filled out now, but obviously I still like XLf short in the area or FAZ long.

> $23.65, for FAZ I'm looking for a move BELOW < $16 & $15.75 although I like it here.

XLK (Tech) which I also like in the area...

>$40.35, $40.50 and long TECS (3x short Technology), I'm looking for a move BELOW, < 13.25, $13.15 and $13

HLF is a long term short we've been holding for a bit at a +30% gain, I still like it, but it needs to bounce.

>$47.50, $48.50, $50, $51 & $52.

AMZN is a partial (50%) position, I like this one a lot on a long term basis like all of the above, however more ideal entries would include:

>$334.50, $336.25, $337.50, $341.50, $346.25, and $350.

FB is another I like in the area, after yesterday's decline/break of the August cycle's trendline, I'd like to see prices around...

> $76.50, $77.25 and $78.50

As for shorts that are inverse ETFs such as FXP, I'm looking for alerts BELOW...
<$47, $46.75, $45.75 , $44.50 and $44

And BIS (3x short NASDAQ Biotechs) which we already have an approx. 2/3rd size position in, BELOW...
<$12.50, $12 and $11.70


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