Friday, March 20, 2009

Two Setups To Watch




4 comments:

Blue said...

My ideas are:

CME short if 232 isn't recaptured and held
TNA long from 770 (if that holds) or long from S&P 730
DTO long on a breakdown in USO from 30

Long SKF/FAZ if XLF doesn't recapture and hold 8.20

Watch ESI, STRA, APOL for high volume swings

Steve said...

Blue,

You mean a possible short on the ed stocks?

Blue said...

Steve, the only pressure on the education stocks have been from really negative reports by Citron research. Every major push down has been quickly bought and they trade as a group. I think people think of these stocks as save havens. However, if you see some massive selling volume, just jump in short until the first wave stops. I was stopped out on two MASSIVE ESI shorts in Feb. and March playing the trades too tightly.

Blue said...

Steve, the only pressure on the education stocks have been from really negative reports by Citron research. Every major push down has been quickly bought and they trade as a group. I think people think of these stocks as save havens. However, if you see some massive selling volume, just jump in short until the first wave stops. I was stopped out on two MASSIVE ESI shorts in Feb. and March playing the trades too tightly.

Blog Archive