I pointed out the set-up in Twitter before Christmas, and there was a good spot to get short late in the day on Friday (that's a 5-min. chart below). Hope some of you caught it. If it gets to $35 I'll crow about it; if it reverses and races to $40 I'll never mention it again.
ETF Trading Portfolio Update -- December 29, 2014
No changes this week. Lousy year to be a trend follower (for the most part) ... go back and look at all the closed trades for the last 52 weeks and be thankful that you have a day job. I see the posts don't go back 52 weeks here but the earlier entries are still on the Tumblr (yet to be exported).
Gap Back To $35
Gap's ticker symbol is GPS even though I think GAP is available. Anyway, if it breaks down from the bearish wedge, it could go back to $35.
Never Short Toca Boca
Baby's page on the iPad:
Dragonvale -- Victory Dragon
Snow + Sonic ... was missing four dragons before the "bring 'em back" campaign ... now only three.
Yahoo Back to $45
Maybe Yahoo will go back to $45 here ... bit of a countertrend set-up but keep an eye on it.
Twitter Back Below $35
The trend in Twitter is down ... bad since the earnings miss / gap down in October. This set-up should take it below $35, but if your stop were above the swing high of $39.25, the risk / reward makes no sense. For day traders working off very short time frames (3-min., 5-min.) they can make it work. Keep an eye on it.
The Fall S02 E06
Scully cradling the psychopath, angling for a third season ... there can be no other explanation for that ending. Old yobbo Jimmy tiptoeing through the woods filled with cops to take a point-blank shot.
ETF Trading Portfolio Update -- December 22, 2014
No changes this week.
DISCA Needs To Go Down
Discovery has been weak all year ... it should go back down to 31 and change if you're a believer in chart voodoo ... keep an eye on it.