Aeropostale (ARO)–03-21-2011

March 21, 2011 at 11:10 pm · Filed Under Bearish, Swing Trades · Comments Off on Aeropostale (ARO)–03-21-2011 

ARO Daily Chart

Support turns to resistance and makes a nice short point.  ARO was just on my list since the autotrader had been daytrading it in the recent past, but a lot of the retailers are at this point right now so you can take your pick of whichever you like most.

McDonalds (MCD)–02-28-2011

February 28, 2011 at 9:40 pm · Filed Under Bearish, Swing Trades · 2 Comments 

MCD Daily Chart

I don’t necessarily love or hate McDonalds, but the chart is nice.  A gap down that’s served as resistance a couple times gives some potential both ways.  If it breaks up over $76, maybe the weak January will start looking like a sloppy double bottom.  If $76 proves to be a ceiling, there’s some nice downside to play. (NTES)–02-24-2011

February 24, 2011 at 10:59 pm · Filed Under Bullish, Swing Trades · Comments Off on (NTES)–02-24-2011 

NTES Weekly Chart

I’m surprised that I’ve never posted anything about NTES before since I’ve been in and out quite a bit over the years.  I guess they were all autotrades that went longer than expected, so there was never too much thought on my part. 

NTES Daily Chart

Not for the faint of heart, but another interesting one for short term trading.  Typically, opening high and closing low is a bad sign, but this looks like a case of just opening too high then adjusting immediately, and not a case of dying at the end of the day.  Maybe look at the intraday resistance at $46 as a potential entry point for a quick trade.  Support is a pretty steep drop away though, so size your position accordingly.

lululemon athletica (LULU)–02-24-2011

February 24, 2011 at 10:49 pm · Filed Under Bearish, Bullish, Swing Trades · Comments Off on lululemon athletica (LULU)–02-24-2011 

LULU Weekly Chart

I pointed out LULU last summer as a potential bearish swing trade.  Since then, the stock went from $38 to $85.  Whoops!  At least it was on my watch list for a couple bullish swing trades (although I sadly didn’t make any money on it throughout that whole run somehow).

LULU Daily Chart

I guess I should give DT credit for putting it back on my radar at the last breakout, but it’s really just giving credit to the IBD list for moving it back to #1.  That means volatility one way or another.  $75 was the breakout point for the move, so we’re at an interesting point here that will either be a bounce or a breakdown.  Good for active trading with proper risk management, bad for holding and hoping.  Play accordingly.

SodaStream (SODA)–01-13-2011

January 14, 2011 at 12:45 am · Filed Under Bullish, Growth, Swing Trades · Comments Off on SodaStream (SODA)–01-13-2011 

SODA Daily Chart

I may be biased in favor of SodaStream since I have fond memories of Jones Soda (JSDA) when they ran up from $6 to $32 for me a while back.  Don’t be fooled by the $39 price tag on SODA since it has a market cap of just $250M.  It seems like everyone that has a SodaStream loves it, but maybe everyone that’s going to get one already has one.  I don’t have one, and I’m not sure I would ever buy one, but I learned my lesson about avoiding stocks for companies that I don’t use myself when I missed the boat on RICK largely due to that fact, even though I loved their numbers and chart at the time.

Since SODA recently IPO’d, there’s not much we can draw on the short chart.  There’s the high volume breakout today on a bullish analyst rating, but that just shows that the stock is still small and somewhat under the radar.  Other than that, the only thing interesting about this stock is all the hype.  There have been rumors that WMT and/or TGT will start distributing them, which would be huge if they could get that going before the summer.  And if all the hype doesn’t pan out, this can have some major downside potential too.  Any stock that goes from $36 down to $27 and back up to $39 in less than a month is interesting in my book.

Silver (SLV)–01-04-2011

January 4, 2011 at 10:46 pm · Filed Under Bearish, Swing Trades, Value · 1 Comment 

SLV Weekly Chart

Silver posts obviously always apply to SLV, AGQ, ZSL, and any of the various silver futures.  Gold and silver have been on a rampage lately and have accelerated over the past quarter and a half, as seen on the weekly chart above.  You’d be suicidal to go bearish now, but this could get interesting if it keeps brewing.  Hopefully the bulls will continue to run wild a little longer and we’ll get a nice crash sometime in 2011.

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