Lasertrader's Place

A Potpourri Of Trade Ideas and Setups

Archive for November, 2011

Bounce Candidates

Posted by lasertrader on November 27, 2011

For the most part I am a momentum trader that likes to trade in the direction of the trend. When the markets are at a very “oversold” point and the prospects of a bounce in the near term exists I need to do some extra digging to find the setups I like to trade. That I will do later tonight after Football.

In the meantime, a friend of mine shared several of his charts early last week that could prove to be very good bounce candidates. This is his excellent work and if he had a blog or twitter I would be glad to give him direct credit for it. Each of these charts have solid patterns such as forming inverse head and shoulders, as well as cup and handles. They also have oversold indicators on the daily (what doesn’t though these days) and some have closed outside the lower Bollinger Bands for one or more days. Although they aren’t my setups, some or all of these could prove to be very good trades if we get a bounce this week.

TEX

RYL

PCN

MGM

IVN

IO

FLR

CIEN

BKD

APA

AKS

UMPQ

Last but not least TNA

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Short Ideas – Stocks That Will Get Hit From Europe’s Woes

Posted by lasertrader on November 18, 2011

I have mentioned on occasion that I like to find sector themes to trade. Although we are all “hopeful” and each day look for long setups should the market turn back up, it is good to have a solid list of go to shorts always on standby. Currently some of the best and most profitable shorts have been the high beta leaders  like NFLX AAPL CRM etc. These stocks can turn on a dime and require careful watching and wider stops.

Today I ran across an article on the Business Insider site titled ” 15 Companies That Will Get Smashed If Europe Goes Bust ” The list of stocks in this article are companies with very high business exposure to the European Economy. Since the basis of the solutions to the Euro Zone problems starts with cutbacks and austerity, these companies will most likely feel the effects on their bottom line for some time to come. If the technicals continue to exhibit breakdowns they should have a high rate of follow through to the downside. Below are the charts of these 15. I am going to keep them on watch for solid shorting opportunities. You may want to consider some as well.

XRAY

XL

WU

SIAL

PCLN

OI

MO

MCD

HAR

GILD

FSLR

CCE

AON

ADSK

ACN

Enjoy!

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