Symbol Salad

The pickings were a bit slim but I did my best to hunt down some long victims. As I’m running out of time with only 20 minutes to go I suggest we get right to it, but here’s one chart I wanted everyone to see:

I’m not trading FXE but if I was this may start look like the beginning of a floor pattern. Remember when I advised you all to watch the currency markets? Well I suggest you keep an eye on this one – a drop below the recent lows of 135.02 would be very bearish but if it holds we could see a counter rally.

Okay, now on to the victims:
[amprotect=nonmember] Charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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CBG – that ‘S’ is supposed to be an ‘ST’ as in a ‘stop’. Use that support line and be long – either now or in a retest variation buy.

Interesting setup on KND and a long position here is easily defended. However if that support line is being breached and closed below then a short position might take us a lot lower. So have no compunction to play this either way.

NFX seems to be bucking the down trend – again I would wait for a little retest to go long, at least 46 I’d say. Again, easily defensible position with a tight stop below that line.

I guess you get the idea by now – same setup on PTEN.

And finally the odd symbol out – UN is not my usual type of setup BUT that push outside both BBs looks delicious and if you take it before the close all you need is a firm stop at today’s low and you should be in good shape, one way or the other 😉

Of course if you take these trades your parents will disown you and quite possibly you will incur excessive hair loss – you have been warned.

Cheers,