#2 Trade (FSYS) Cancelled

Due to poor price action, the pattern is broken and this is no longer a setup.

Removing from focus list.

Here is the chart

#3 TRADE --> THS (Over 30.35)

I will look to buy THS over 30.35 . Solid uptrend and volume patterns.

here is the chart

stop close below 28

#2 TRADE (FSYS) Update

FSYS printed a down day on higher volume. The gap down on higher volume is making me rethink whether the uptrand will hold.

The MACD still looks good and it is still in a bull flag formation so I will leave keep it live. The buy point has not been triggered yet

Here is the chart:

#2 trade: FSYS.

For my 2nd trade I am stalking FSYS.

Here is the setup: Consolidation-esk pattern and a test of a rising 50-day. If volume comes into this stock on a move past 54, you should be golden. Looks like a big long flag.
Buy over 54.
look to sell under 50 day ma.

Closed CMG at 56.67 +15% profit !!

Closed CMG at 56.67

check out the chart. Doesn't get any better than this ~15% in 4 days


BEFORE: sold @ 67



AFTER: Bought back at 56.67

#1 Trade CMG

This market continues to get pounded short with early cycle movers like whirpool, HD, & Sears as well as homebuilders showing some strength. Maybe buy these on a dip to 20-day ema if a pattern shows up.

Commodity related stocks are getting destroyed. Maybe reshort these if they rip up to 20 day MA. I think these might bounce soon as the time to short was today or yesterday

I think we are headed lower and will stay short biased until that changes. This is mostly a day trading market, position trades may work if done right

Here is an idea from my watchlist: CMG
SELL STOP: <67>