Lululemon Athletica (LULU) – 06-30-2010

June 30, 2010 at 8:30 pm · Filed Under Bearish, Swing Trades · 1 Comment 

LULU Daily Chart

LULU, home of the milfs.  I never liked them much as a brand, but just like Crocs, they have their niche.  It’s at an interesting point with a lot of potential downside.

MGM Resorts (MGM) – 06-30-2010

June 30, 2010 at 8:03 pm · Filed Under Bearish, Swing Trades · Comments Off on MGM Resorts (MGM) – 06-30-2010 

MGM Daily Chart Is anyone going to Vegas nowadays?  Actually, I think I am soon, but that’s beside the point.  I’m bearish on this whole group right now, but MGM is my current favorite.  It’s a bit overextended now, but you could look into WYNN, LVS, etc. too and pick the best looking one whenever you’re actually opening your position.  I am hoping for another weak attempt at a rally to give some better short points, but I have doubts that the bulls can muster any more strength.

Research in Motion (RIMM) – 06-30-2010

June 30, 2010 at 7:56 pm · Filed Under Bearish, Swing Trades · Comments Off on Research in Motion (RIMM) – 06-30-2010 

RIMM Daily ChartAnother big name, RIMM.  I don’t see their business being in a very strong position with all the competition out there now, so this could be a decent short look.  It’s kind of overextended already (already 10%), but it’s something to watch for entry points in the near future.

Caterpillar (CAT) – 01-27-2010

January 28, 2010 at 7:29 am · Filed Under Bearish, Value · Comments Off on Caterpillar (CAT) – 01-27-2010 

CAT Daily ChartCaterpillar’s outlook basically follows the general economic outlook.  When people think the future looks good and there will be lots of growth, CAT goes up.  When there is a pessimistic view, CAT goes down.  But the reason I’m looking at it today is obvious.  A clean break of support with good volume is always something to keep an eye on.  The hammer (bullish reversal) candlestick pattern isn’t so good for bears though. 

Since CAT seems to be leading the bearish trend of the S&P 500, it looks like a decent short for a general market downturn.  If the market hangs around in distribution, this might be a good range bound play.  And if the market turns bullish, I’d probably ignore this since there are other better options I could consider right now.

Harbin Electric (HRBN) – 10-06-2009

October 6, 2009 at 10:30 pm · Filed Under Bearish, Bullish, Growth, Swing Trades · Comments Off on Harbin Electric (HRBN) – 10-06-2009 

HRBN Daily ChartI remember looking at HRBN a couple years ago when it was around $20.  Since then it hit $28, dropped down to $4.25, and bounced back to almost $20 again.  A nice little breakout today bumps this one back up towards the top of my watchlist.  With tremendous upside and downside potential, this one is still interesting for the active trader who’s disciplined.

Green Mountain Coffee (GMCR) – 09-30-2009

September 30, 2009 at 10:28 pm · Filed Under Bearish, Bullish, Growth, Value · Comments Off on Green Mountain Coffee (GMCR) – 09-30-2009 

GMCR Daily Chart

GMCR has been a super hot topic amongst people talking growth stocks for a while now.  They also had a breakout that’s been holding up over the past few days, but the volume gives a conflicting signal.  I believe this stock is getting overbought and will eat it hard on the correction.  Normally I like to play stocks like this with triggers on both sides, playing the upwards momentum on short term trades of the breakouts, but trying to catch the crash after it starts.  Note that the key to this strategy is catching the crash AFTER it starts since you will get eaten alive trying to trade against momentum this strong.  With the volume dwindling the way it has on this one, I’m guessing the crash is close enough to start paying attention though. 

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