I’ve been busy spending my day going through charts, tightnening stops, and enjoying the hold music from Healthnet………..so I’m just going to toss out a couple of short ideas that seem pretty solid to me:
Here’s today’s watch-list:
Long Invesco (IVZ)
Stage Stores is having a very strong day – up about 15% right now – but I think it’s pushing itself into a terrific short setup. If we can take that blue trendline I’ve drawn below, I believe this is a very attractive risk/reward ratio, given the breaks we’ve seen over the long-term:
The ES market has made quite a big move the other day and reached an area where the odds are starting to be quite good to go SHORT DAILY.
Here is today’s watch-list:
Long Owens Illinois (OI)