Counting with Doug: Financing a trip to Lake Tahoe solely with blackjack winnings?

Trading Candidates

Shorting time at the Mine? — (MFN)

I’m not super interested in putting on positions just prior to the jobs report (which always seems to kill me), but I’ve been wondering today if MFN makes a good short again: I draw the resistance line (black) just a little bit lower than FINVIZ, which if it holds this morning might be a nice […]

Double short Brazil? Its all in the eye of the beholder — (BZQ)

Another woulda-coulda-shoulda story, if only I had followed my own March 12th advice and kept an eye on BZQ, some nice profits were to be had buying a breakout over $25. As for the current situation: There are two ways I look at this chart, leading, of course, to opposite conclusions. The double top speaks […]

Looking for opportunities — (LOPE)

I been kind of listless since moving to cash yesterday, and the upcoming Memorial Day weekend probably hasn’t helped. So I decided to re-visit the company that has produced my biggest trade since starting this site, Grand Canyon Education (LOPE). Do you ever find yourself drawn back to past winners? Actually, sometimes you can make […]

Lets hear it for the worst performing sector!

After surviving another wild week in the markets (I will be holding both MFN and QLD long positions over the weekend), it was interesting to find this nugget at Thomas Bulkowski’s chart pattern blog: the sector with the worst relative strength is . . . drum roll please . . . alternative energy. Got my […]

Time to BUY Minefinders? (MFN)

Talk about a swing trade, but I am halfway considering BUYING into MFN, which I just covered as a short (one day too soon, I know, I know). The play would be a real quickie, to see if it will bounce on a test of the $8.50 flash-crash low. Note the RSI (2) at 1.60; […]

Gaps and Games (GME)

Gamestop, the mall based purveyor of video nonsense for folks half my age, used to be a stock I traded frequently. A look at their chart now shows a company prone to almost random looking gaps: For those fans of the bromide that “every gap must be filled,” it looks like almost every gap on […]

Neckline at Nine — (MFN)

While waiting for my listless Potash trade to play out, I’ve been rather half-heartedly prowling around for some different set ups, and stumbled on Ryan Mallory’s list of sixteen short setups ripe for agonizing us dispirited bears . . . . Just kidding! Here’s one from Ryan’s list, called Minefinders, which has apparently found a […]

Bull flag at the trade school! (LOPE)

Here’s another long setup for the eternal optimists, as for-profit education play Grand Canyon forms a tight bull flag. Tough part here is where to place the initial stop; the 50 day SMA at $23 has too much risk attached if you are only shooting for $28 or so on the upside.

Trading wicker chairs? (PIR)

  If the plastic shoes don’t float your boat, maybe a wicker chair might? Someone looking for a real aggressive swing trade in this environment might hope for a down day Thursday that would have Pier One Imports (PIR) test its 20 day SMA (pink line). If bought on a successful test, you would be […]

Steaming hot eye-opener for the bulls – GMCR

Vermont is justifiably proud of its bazillions of trees and stunning foliage displays, but I’ve never seen a single one of them produce a coffee bean. Nevertheless, traders with a bullish bent for the next week or so might consider buying up some Green Mountain Coffee Roasters, which bounced a bit off its 20 day SMA this […]

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