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,