A Few Symbols

APPL looks like a good long here:

BHP looks like it has a few more down points in it – I’d let it touch the Bollinger.

CHK at support – the sad story is that I was short this puppy since early November but didn’t make much as they deflated Mr. VIX:

CMI would be a good long on a retest:

Long CRK at 36:

DE should be running out of oxygen soon – could be a good short if it manages to close below the line:

DGT looks good for a few handles to the downside:

DLTR maybe good for a few handles to the upside:

DRYS is another fucker that just won’t die – long at 6.0:

FWLT a long at 28 – but not before – wait for it:

Okay, I’ll leave it at F – there will be more tomorrow 😉

Some of you might wonder what brought on that sudden surge of symbols. Quite honestly, I’m sick of waiting for Godot – time to go back to trading old school. A lot of nice setups on the horizon – let’s bank some coin.

Zero is stuck in complete sideways mode – I see nothing but distribution. Caveat ursi – these periods can get dangerous if they are not followed up by a decisive drop – some are proclaiming that the bulls have been unable to push the tape higher – yes – but the bears have not been able to exploit a very apparent weakness. It’s been going on for over a month now – a drop must materialize soon or we will see more upside in the remaining low volume weeks of December.

Program Trading Update:

geronimo/ES: -7.25 (one stop out – of course this seems to happen especially during trial weeks – sigh…)

I’ll be back tomorrow with more symbols and renewed vigor. There will be changes around here – we need to get out of our rut.

Cheers,

Mole