Margo's Swing Journal

SWKS.. nice base on this one.


--MIKE

 

There have been a few that triggered this week while some haven't. I'm still watching ROAD, JCI, BBOX, GDW, TEVA, and BLL for possible short entries. They were posted this past weekend, and I'm not going to post them again since nothing has changed. I'll add a few more.

 

This is a weekly chart. I'll be surprised if it gets there, but I'm going short at the stick high.

 

Another weekly chart in a head & shoulders pattern. I'll short as close to the neckline as I can with a stop of a point or so. It targets longer term to the $10.00 area.

 

Weekly chart that I'll short at the neckline with a tight stop. I'll take the loss if it closes OVER it.

 

I'll short at the stick highs with a 2 point or so stop.

 

Thin stock. I'll short at trendline resistance with a stop on a violation. So, low low risk.

 

Lots of holes in this. I'll take a low risk short at the stick high with a stop of a 1/4 to a 1/2 depending on the volume....if there's a lot, I'll tighten.

 

I usually hit this for a winner about 50% of the time so it's more aggressive than what I normally do. But, my loss is small when I'm wrong. When I'm right, the winners are very nice. I'll short this under $99.00 with a stop set at $100.55. In other words, I'll risk $1.50 for a potential reward down to the lower gap.

 

Did you get your short on FRX??

It gapped down at the open.


--MIKE