Tuesday, October 25, 2011

HGSI - Another Low Tight Flag!!

Worked like a charm on NFLX - Netflix last night.  Working for HGSI this evening.

Click Chart to Enlarge

Sunday, October 23, 2011

Is NFLX a Low Tight Flag?

The stock gets cut in half in four weeks on very heavy volume and holds tight for the last three weeks on lower volume as the stock market rallied strongly (See Chart Below).  The company blundered big time recently by first raising prices and then trying to split in two.  They've reversed on the split up, but the price increases stay.  The stock reports tomorrow after hours, and in my opinion the report is going to be really bad along with the guidance.  You have to imagine that the company took a big financial hit and will need a few quarters to turn around and prove that they are the best again and can fight off the comptetion from Amazon (AMZN), Apple(AAPL), and cable companies.  At this point the bulls are so nervous in the stock, that any perceived bad news, especially unexpected bad news, they are ready to sell at any price.

Click on Chart to Enlarge

If I'm right, I just termed my first base, The Low Tigh Flag. The reverse of a rare High Tight Flag which is very powerful and profitbale if identified correctly. Coined by William J. Oneil in his book How to Make Money in Stocks (A must read).  Time will be the judge.  For now, you decide.

As always love to hear the comments and questions.

Tuesday, October 11, 2011

48 Short Setups to Watch

Continue to believe the next big tradeable move in the market is down.  The market would have to do alot more work to convince me otherwise.  If you see a good entry, take it and use a stop.  Get stopped out of a few trades in a row, means that cash is probably the best place until the next round of setups appear, either on the long or short side.

Below is my list of 48 short setups.  Use it wisely:


You can also scroll through past blogs and tweets for more ideas.

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