Wednesday, May 25, 2011

Short And Long Setups To Watch



Hi guys,

I am still seeing LOTS of mixed signals out there. I still feel like the bounce we are seeing is of the 'dead cat' bounce variety meaning this is most likely only a simple bounce to clear some "OVER SOLD" levels before we head lower once again on the indices. This bounce phase might last a few more days before we roll over again however so please stay SHARP, NIMBLE and OPEN MINDED. ANYTHING is possible at any moment. STAY SHARP.

SHORTS setups: AVP, EBIX, HRB, PLCE, REDF

LONGS setups: WTI, BAS, DAR, HERO, NR, PDC, TRGL, SSN

Good luck traders!


1 comment:

Brett's Stock Market Pulse said...

Nasdaq closes gap down level from Friday/Monday at 2,796

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