Below are 6-month Daily charts of the SPX, DAX, CAC, and PIIGS countries. You
can see at a glance that the SPX has broken below near-term horizontal support of 1400,
while its European counterparts are either trading at or close to (horizontal) support.
Double shorts today in the Lazy Trades. I scoured the universe near and far, and just couldn't find any setups to my liking that provided a nice edge as a swing-trade. Therefore, I'm coming at you with a double dose of the short setups today .
By the way, if this is the market's definition of a bounce, it isn't a very good one, unless we rip hard into the close, which the prospects of is dimming fast.
As a result, I've added HOLX as a short at $20.16 on a retest of the neckline of the head and shoulders pattern that was recently confirmed.
Here's today's Lazy Trades to swing trade short
SHORT: Hologic (HOLX)
SHORT: Tiffany & CO (TIF)
Check out more of Ryan's Swing-Trading Strategies at SharePlanner.com
This is a bit of a stretch, but I'm seeking a graphic/web designer for my SocialTrade site. I've long felt the site could use a fresh coat of paint, so to speak, and as easy as it would be to find designers on a place like CraigsList, I'd much rather see if any Slopers happen to be (or, more likely, know of………) good web designers that actually might have an actual interest in the concept too.
If you know anyone, please drop me a line. Thanks! (Gratuitous picture of cute artist shown below:)
Yesterday I noticed a clean symmetric triangle shaping up on the Transports; no breakout, but definitely a pattern worth watching……….
Well, I've been quite clear about my targets for the NASDAQ for weeks now, and they were nailed almost exactly early in today's trading………
This is one of those times that I can't stand being right – – we were just starting to have some fun!! – – but the dreaded "bounce" may have kicked off with the deep sell-off at the opening bell today.