pitchforks

Good resistance test on A/R lines for MRK.

 

A/R Lines for TXI. No trade setup yet.

 

I think I'll take GS and MRK short tomorrow. Here is GS with a measured move, showing the target to be somewhere near the bottom on the channel. Fib extension levels help confirm that this is a good target zone. I would have a 10 point stop with a 50 pt target... a VERY nice 1:5 risk reward trade.

 

Good break down on Macy's today along that resistance line. Got my short order in for market tomorrow with tight stop at highs.

 

Damn.. up about 1,450 just on M and MRK shorts. I wish I had my short in for GS..god, i missed that awesome gap down!!..noooooooooooo!. lol.

 

Took some WAG short on this breakdown below my support levels. I show the monthly view, and the daily. I got two different target zones here.

 

WAG daily chart.

 

Took some M off the table + 170

 

Took half of my KFT short off. +160.00 . Going to lunch. Good day so far.

 

Thought about going long on BRCM, but the weekly and monthly look rather poor, for a long trade. Looking for short instead.