CY - Upward channel breakdown Short from $13.16 to $11.83CY is breaking down an upward channel formation, and showing downward momentum. Moreover it is in the weak semi-conductor sector. It looks a very good short setup & it can decline below $12
* Trade Criteria *
Date first found- April 5, 2017
Pattern/Why- Possible momentum trade
Entry Target Criteria- Break of $13.16
Exit Target Criteria- $11.83
Stop Loss Criteria- $13.79
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Suggestions
FRAN - H&S formation short down to $10.17FRAN is forming a potential H&S in weekly frame, and in the daily frame it has broken down key support area. We think it has huge downside potential, and it can go down to $10 area.
* Trade Criteria *
Date first found- April 5, 2017
Pattern/Why- H&S formation in weekly frame
Entry Target Criteria- Break of $13.93 or rally back up to $14.93
Exit Target Criteria- $10.17
Stop Loss Criteria- $15.75
Please check back for Trade updates. (Note: Trade update is little delayed here.)
PII - H&S & Long term pennant formation short down to $47.33PII is a possible downward neckline H&S formation. On the other side it seems breaking down from a long term pennant formation. So in short it can decline to down to $73 but in long term we are looking as low as $47.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
MSM - Short if it break below todays low, down to $83.67Break below today's low. Stop signal 97.84. Target 88.17/83.67
DPZ - Upward channel breakdown short from $175 to $153DPZ is breaking down from an upward channel with huge increase in volume. It seems it has more room to decline.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
SIX - Weekly frame H&S formation Short from $56.56 to $42SIX is forming upward neckline H&S formation. Still like this a lot as short, and we think it can decline all the way down to $42
For a entry we are looking for a break of $56.57 & we would consider $55 Puts, last traded for $1.85
* Trade Criteria *
Date first found- March 23, 2017
Pattern/Why- H&S formation in weekly frame
Entry Target Criteria- Break of $56.57
Exit Target Criteria- $42
Stop Loss Criteria- $60.93
Please check back for Trade updates. (Note: Trade update is little delayed here.)
IMPV - Uptrend breakdown short from $40.73 to $26.33IMPV is breaking out of an upward channel, It has big insider selling & its Price/Free Cash Flow Ratio is really high(239.95). We think it will decline from here, however break of $39.19 would be the big fall confirmation that would validate the H&S formation its forming on longer term.
* Trade Criteria *
Date first found- March 20, 2017
Pattern/Why- Upward channel breakdown, long term H&S formation
Entry Target Criteria- Break of $40.73
Exit Target Criteria- $26.33
Stop Loss Criteria- $43.07
Option - Would consider June $42.50 puts currently 3.91.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
SHORT PTC - complex head and shoulders short from $54.3 to $44.1PTC was in our intraday text alert, sent to our subscribers. It seems Breaking down a complex Head & shoulder formation. Moneyflow also diverging & heading sharply to the negative side. We think it can decline as low as $44
* Trade Criteria *
Date First Found- March 23, 2017 (Sent through our intraday text alert)
Pattern/Why- complex head and shoulders
Entry Target Criteria- break below $54.03
Exit Target Criteria- Target 1 $44.13
Stop Loss Criteria- $55.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
You can check detailed analysis on -- in the trading room/ Executive summary link here-
www.youtube.com
Time Span- "
TLYS - Support breakdown short from $8.68 to $7.23 & lowerTLYS seems getting ready to breakdown its strong support label. It has broken below all the moving averages & if it breaks below $8.68 support label it will be on a free fall zone.
* Trade Criteria *
Date first found- March 16, 2017
Pattern/Why- Support breakdown short
Entry Target Criteria- Break of $8.68
Exit Target Criteria- $7.23 & lower
Stop Loss Criteria- $9.63
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CRM - Double to short setup from $82.46 to $75.13, Jun 85 put CRM is forming a possible Adam & Eve double top formation. Moneyflow is diverging & now sharply heading down.
It also has a lot of insider selling recently. We think it has very good decline potential.
On the option side we would consider June $85.00 Puts, last traded for $5.00
* Trade Criteria *
Date first found- March 20, 2017
Pattern/Why- Adam & Eve double top formation
Entry Target Criteria- Break of $82.46
Exit Target Criteria- $78.33, 2nd - $75.13
Stop Loss Criteria- $84.57
Please check back for Trade updates. (Note: Trade update is little delayed here.)
FNGN - Double top formation short from $40.80 / 39.43 to $31.13FNGN seems forming a long term double top formation. It has previous history of sharp drop & we think it is getting ready for another decline this time. For perfect entry we would look for a pullback or confirmation break.
* Trade Criteria *
Date first found-
Pattern/Why-
Entry Target Criteria- Break of $39.43 or rally back to $40.80
Exit Target Criteria- $31.13
Stop Loss Criteria- $43.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
BERY - Possible H&S formation short from $48 to $42.88BERY seems forming a head & shoulder formation. A break of $48 will be the breakout confirmation.
We think it can decline down to $43 area.
* Trade Criteria *
Date first found- March 21, 2017
Pattern/Why- Possible head & shoulder formation
Entry Target Criteria- $48
Exit Target Criteria- Target 1 45.13 Target 2 42.88
Stop Loss Criteria- $51.03
Please check back for Trade updates. (Note: Trade update is little delayed here.)
YRCW - Key support breakdown short from $10.90 /10.63 to $8.13YRCW is breaking down some key support. It seems it will decline further.
For a perfect entry for short we would like to it pull back to $10.90 or break below $10.63
HQY - Head & shoulder formation short from £41.29 to $32.13HQY made a nice little Head & shoulder pattern here. Now it seems breaking off the right shoulder. We think it will decline from here.
The decline also supported by the Big insider selling in the multiple millions, multiple execs.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CLX - Double top formation short from $135.23 to $113.13CLX is testing a resistance label from where it previously had a sharp decline. It also seems forming Adam & Eve double top formation.
It also has Over 10 million reported insider selling. Overall it is an interesting short setup & we think it can decline down to 113 area.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
PTC - complex head and shoulders short from $54.3 to $44.13PTC was our intraday text alert, sent to our subscribers. It seems Breaking down a complex Head & shoulder formation. Moneyflow also diverging & head sharply to the negative side. We think it can decline as low as $44
* Trade Criteria *
Date First Found- March 23, 2017 (Sent through our intraday text alert)
Pattern/Why- complex head and shoulders
Entry Target Criteria- break below $54.03
Exit Target Criteria- Target 1 $44.13
Stop Loss Criteria- $55.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
You can check detailed analysis on -- in the trading room/ Executive summary link here-
www.youtube.com
Time Span- "
PFPT - H&S formation short from $71.87 to $45.33PFPT broken down from an upward channel, but cold not decline much. Went up, retested the upward trend line, started to roll down & now we have the sharp breakdown. On the weekly frame it is forming a H&S formation, and also a larger time Upward channel. Overall it is an interesting short & we are looking for some longer term short trade, as low as $45.33. We would also consider $70 Aug or May Puts
* Trade Criteria *
Date first found- March 24, 2017
Pattern/Why- Head & shoulder, Larger Upward channel
Entry Target Criteria- Break of $71.87
Exit Target Criteria- $57.33, 2nd - $45.33
Stop Loss Criteria- $78.87
Please check back for Trade updates. (Note: Trade update is little delayed here.)
WST - Head & shoulder formation short from $78 to $8.84WST seems forming a downward neckline Head & shoulder formation, and it appears to break below the neckline.
On the long term chart it seems forming a larger scale H&S formation. Moreover it has 1.2million (approximately) worth recent insider selling.
We think it will be an interesting short play at the break of $78
SIX - Head & shoulder formation, Consider Jun 55/60 Puts SIX seems forming a head & shoulder pattern. And now rolling over beautifully. The H&S pattern has potential to decline all the way down to $42.
To play this we would consider $55 Jun Puts, currently $1.48 or $60 Jun puts for $3.69
Please check back for Trade updates. (Note: Trade update is little delayed here.)
SPX - S&p 500 Index to decline down to 2260 area soon! S&p 500 Index is right at its upward channel support. It has moneyflow divergence. We think it will decline Breaking the upward channel formation.
Break of upward channel will bring it down to a target of 2260.
Interestingly on the weekly farm SPX is in upward channel support, and break of that suggests a similar target.
SPY (S&P500)- 525% profit in 1 day!! You didn't see that coming!Last night we talked about a Head & Shoulder on the SPY, and discussed Taking 238 Put option position on SPY.
As entry criteria we discussed SPY to run upward around 237.50 - 238 to form the Rigth shoulder & drop from there.
Surprisingly SPY went up at 237.50 in the morning. We considered to take a 238 March 24th Put option for $0.64.
After that SPY ran all they way down to our target are 234!!
Put went up from $0.64 to wapping $4, that was 525% return on a single day!!!
Hope you joined us in the party.
(For entry clarification please check our relevant SPY post yesterday)
SPY - H&S formation short from $237.5 t0 $233 (238 Put option) SPY appears to be in a short term H&S pattern. It may reverse to $38 area to form the second shoulder & that will be place where we would look for shorting opportunity. At the break of H&S it can decline to $233-34 area.
* Trade Criteria *
Date first found- March 20, 2017
Pattern/Why- Possible Head & shoulder formation
Entry Target Criteria- Break of $237.5- -$238
Exit Target Criteria- $$233-$234
Stop Loss Criteria- N/A
Option - Speculative trades may consider $238 Spy Puts.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
