Thursday, March 8, 2012


Not much action today,  SLV traded up but nowhere near my stop.  REE was flat.  Market rebounded without much enthusiasm.  I'm looking at entering a few shorts of stocks that look week.  I placed an order for BA

BA sold off hard below moving averages on the sell off earlier this week only to rebound up to moving average.  This looks like a good risk to reward trade as the stock has traded flat for a month.  I have a stop at the year high.

The weekly impulse shows a stock that is essentially in a sideways channel with the stock towards the high end of the channel.  The impulse is blue allowing short positions to be initiated.

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