Monday, January 12, 2015

Opened shorts, UA, UAL

I don't see the broad market being that healthy right here.  I missed my top choice short GMCR as the bid just faded and I didn't want to chase.   I'm getting short a couple of "weak tops"  both have are showing bearish divergence.

UA has a nice series of 3 lower highs and lower lows.
Entry: 66.89



UAL
This one looks very top but has not broke yet.  It hit a high with negative divergence which shows there is not much left here.

 The fact that AAL and DAL have headed south makes this worth a shot.  With my shorts, I look for well defined risk levels and at 67.5 would be my out.
Entry: $65.56


This is the type of sell off I'm looking for with UAL.  IMO, it's just 2 or 3 days behind.


No comments:

Post a Comment