I’m going to keep this short & sweet because we are all busy people.

We’ve tagged one of my counter trend targets (on the Russell 2000) and the downtrend is setup to at least test the lows.  If I’m wrong, stop levels are addressed in the trade described below; risk reward is in your favor.  I think it may be hunting season.

Tomorrow should confirm, see below:

 

So Here’s the Trade:

Short Union Pacific Corp ($UNP) and/or Kansas City Southern ($KSU).

Use their respective (approx.) highs as stop loss levels: $82.50 & $85.00.

Use their mid-January lows as price targets.

 

Follow me on Twitter @dyer440

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