A short list

ALTR HOV PTEN TBSI XHB

a short list from my scanner today

USO

If you live in the bay area, you may notice that gas is back to 3 dollars again.  How far l it go?  everything is on chart…

 

GS

50% retracement and a very steep rising wedge.  expect it will leads the pullback from here.

 

US Dollar

US dollar is about to finish an expanded flat correction and will begin a new up leg from here.  Expect market to behave reversely…

 

 

YGE

YGE is added to the trading blog last week.  now more than 20% gain in the pocket.

As I posted last week, solar ETF TAN is break out.  If there is any sector I want to go long, it will be solar…

 

ICE

ICE was added to the trading blog week ago. 10 points in a week.

 

 

X

Steel leader, X, is at a critical support right now.  If we take out this neckline, we will see 25 region soon. 

 

Short ideas

COGO: no signs of accumulation in this rally.  break out of the bear wedge and retest.

 

 

GILD: closed below 50ma, retest the broken trend line and turn head down.

 

OIH

Last month, I point out that OIH is a breakout @ the green arrow position.  there is a good entry point at the retest and I hope you guys catch that.

MA

If we zoom out and look at the big picture, master card is forming a bearish wedge and also close to the retracement resistance.

A long term view on GS

Will you short from here? :)

A few charts

AXP break out on huge volume on BTE earnings.  as you can see 30 is the key level to watch

XLF: hit the resistance > break down the channel  >  retest >>>>>> fall?

and SPY… the same pattern can be observed on many index ETFs.

GS break out

Finally GS takes out its support.  The spike just now, GS touches its 50ema and retreat from there. 

Hope you were following me here and not shaken out at the last spike.

XLF

XLF break down the support already.  Some strong support @ 9.75.  We may be there today or tomorrow.

Some quick hand can cover your short there and wait get it back on the resistance.

MA short

I was intended to put my real-time trade on the trading blog, but leave it here accidentally.  You can see how it behaves after my short position initiated.

ok, let me give this free trade a target: 152 at least by this weekend, could even get there today or tomorrow:)

OIH

CMED

a very bullish chart.

Agriculture sector is bearish

MOS: bearish rising wedge.  It seems the bottom support has been broken already on friday.

CF: the strongest one in the sector, but seems need a retest

Drys

DRYS was added to the trading website on 4/13.  Now 50% gain in the pocket.

URS

IBD recommended stock.  a good chart from TA point of view.

URS pulled into a steep correction, a bottoming base, in the autumn (Point 1). This happened along with the severe bear market, although URS downward trend had begun in 2007.

It rallied up from the bottom and pulled into a new cup-shaped pattern (Point 2).

It now appears to be forming an awkward high handle (Point 3).

If URS rises above its current level of price resistance at about 45, you’d want to see heavier-than-normal volume, a signal institutional investors are jumping in.