There is little doubt that both Trulia and Zillow, two competitors in the online real estate listing space, are sporting damaged and vulnerable daily charts.
Trulia looks to be particularly vulnerable to imminent, further weakness, while Zillow is teasing a major breakdown from consolidation.
To my eye, the only issue is whether the infamous bear traps we have seen sprung on shorts for a while now continues, or whether by-the-book setups like these continue to deteriorate. The best play for traders is to stick to their triggers and stay disciplined. I still think both are short setups on weakness, until the technicals heal.
Which stocks are at the top of your watchlists this morning?
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$JNUG,$UVXY,$DGAZ from yesterday. all up big. let’s play.
^5
EMC looks to be setting up for a breakout of a multi year range!
Good one
Chess
Thanks for the info on PAY, true to your prediction
Nice
you talked about shorting oil yesterday and today seems to be confirming that idea. Are you going to pursue?
I might bob for those apples