Friday, January 8, 2010

SHLD

Shorting them again here at $99.63 using a $103 stop and $85 target. Will exit the trade of the RSI drops below 15 on the 20 day 60 minute hourly chart.

Shorting USO here at $41 using a $42 stop and $37 target same rule applies above.


Also think that the downtrend for mighty GOOG has just begun. We could see $610 again and that would provide a good entry.

Looking at some other tech names also. UUP and TLT are buys here.

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