Some stocks I am planning to take positions soon.
1. WMT (Walmart) – Very nice chart. Broke long term resistance (since 2000’s) and will reach 100 in the next few months.
2. I am planning to add more AMZN to my position on wekaness
UAL (United Airlines) – With low fuel prices airlines are poised to make a come back
1) Market is really choppy now-a-days. NASDAQ (Tech stocks) index is going up/down +/- 40 everyday. I did not see this kind of choppiness in the recent past. Please be careful out there. This kind of market is very bad for traders both long and short.
FB (stop loss 71)
TWTR (really like –stop loss 46)
WYNN (stop loss 198)
CTSH (stop loss 47)
WAT (stop loss 107)
Today is a great day!
I shorted CMG first thing in the morning (as I said in my last post) and it is already down by 1%.
And my TWTR and CSIQ shorts are also working great. TWTR is down by 4.73% and CSIQ is down by a whopping 7%!
I covered my TWTR short for today but will probably get back in tomorrow based on price action as my target is ~$30.
CSIQ is at 20 MA. But I still plan to hold it as my target is ~25 (other solar stocks are also looking very weak).
I would like to add few more shorts tomorrow as I am seeking weakness in NASDAQ. EBAY, YELP, FB, QID, SQQQ are all on my list.
With that on to some charts:
I am very tempted to short FB as well as it has broken a clear trend line and at crucial support levels. But since I am already short on TWTR, not going to ride on FB. But posting it anyways..
My current Portfolio:
Short TWTR, CSIQ
I am thinking few more shorts to add. (somehow all the charts now-a-days seems to be showing topping patterns)
AMZN (Less favorite than CMG)