"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

September 25, 2013

A few ideas

$PZZI announced their CFO replacement today (who already works for the company).  The stock has settled after the shake out with a possible .50 double bottom in the works.  This may just kick off the next leg higher.



GDX has been whipsawing traders of late.  I've been a believer that the metals may be going through a major bottoming process, but it's very possible this is/was just a market rotation that is now over.

We do have a possible 4 point double bottom (I mis-marked the chart) on a daily time frame.  The first low did break, but it didn't pass the BS line.  26 is major resistance.  If it holds and we break the low at 24.65, then the whole gold miners trade will have to be scrapped.  Gold miners would turn from a top five industry group to a bottom five group instantly.  


Last week I shared this DRIV swing trade idea on twitter/stocktwits.  The stock had a false breakdown on investor day.  The stock is slowly but surely working for us and today it broke the black resistance line.  I'm moving my stop up to break even (16.90) and giving it room to work.  



CRR is a very heavily shorted stock in the energy space, it's making very small candles at the spring highs after a sharp sell-off.  The MACD is also making it's first test after a positive cross.  Maybe this can turn around over ~97.  We need to find some reversal signals or we're just knife catching.  


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All ideas shown on this blog represent the authors opinion based on the data available.