BEAR, SHORT. Those are two words I will be using quite a bit to describe my picks tonight. Let’s get started, shall we?
DE: I like this one as a 15 minute entry, short. ADX is turning up. We are below all MAs and oscillators support the move. Volume wasn’t enormous today, but higher than the past few weeks. 83.62 was my original entry point, so if you are already in, great! Target is 81.60.
DIS: We close below my entry by one measly penny today! If you are not in, then after the first 15min, get in (with confirmation). My stop would be at 63.74 and the first target is the 100 SMA. The second target is 57.82. This trade provides a 2:1 R/R ratio.
$FDX: This guy had a big down day today. Unfortunately he’s sitting right above his 200 SMA. I would like to see a close below 95.10. My stop would be above the 200 SMA with my first target at 93.18 and the second target at 92.35.
UA: I see huge upside with this trade. 15min entry bearish. Oscillators support and we are below all of the MAs. Volume could have been better, but I still like the trade. Target is 54.71. Stop is at 59.32. This is a 3:1 R/R ratio trade.
Here are a couple extra stock to look at:
$JPM 15min short
$AAPL short on a close under 416
$BIDU short on a close below 92.00
$CSX short on a close below 23.75
$FCX short on a close below 27.20
$HAL short on a close below 41.30
$IBM short on a close below 196.00
$O 15min short.
$VLO 15min short
$DVY 15min short.
Happy trading, all!