Art Of Trading: Two Setups To Watch

Friday, March 20, 2009

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; March 21, 2009 at 1:05 AM
steve said...: Blue,

You mean a possible short on the ed stocks?; March 21, 2009 at 7:30 AM
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.; March 22, 2009 at 5:04 PM
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.; March 22, 2009 at 5:04 PM