I get a certain type of perturbed when I miss a good opportunity.  It’s 2013, shit’s cray.  I’m calling a generational transformation right here, right now.  There are things we don’t even know we want yet, that will be indispensable in three years’ time.  In such a phase, if you don’t keep tight and on point, ideas simply drift by, like fat salmon drifting up stream.  With such a flow of fish it’s only natural that a few slip by.  Just know someone else is eating those delicious missed fish, living in the lap of luxury.

Things are going well, don’t get me wrong, but I missed two jumbos this month.  I’d say it’s a good problem to have, too many ideas flowing.  Being the opposite, following a template lifestyle of sorts, is certainly a drag.  So I’m venting two big trades I missed.

BBY all month and TPX this week

BBY was a certain type of fail, where I just continued to fail.  It was my Super Bowl pick.  I do things, like my Super Bowl pick, or March Madness pick, mostly by looking at the charts.  However, when I can incorporate an external, although often subject to extreme subjectivity, it makes the trade all the better.  I overheard (read) that BBY had a funny commercial game day.  I like funny; it’s the safe play for big time commercials.  I bought January 31^st, a decent entry, of the higher octane variety.  I stopped out, and looking back that made sense.  However, I let it linger on my watch list, and it gave two more entries, and I missed them.  It’s been ripping.

TPX I have gotten so much of.  I’ve been on that trade all.year.long.  That is until missing today’s pump.  I sold it a few days back citing a very flimsy formation of a notorious double hammer position.  Truth is, I didn’t have much reason to sell, I found one, as Chess likes to say.

That’s all, just getting that off my chest.  Onward and upward.

Left for dead big box retailer Best Buy has shown signs of life this year.  They had a decent holiday season and their earnings announcement pumped the share price of BBY out of a nice base.  Since then price has drifted higher along with the rest of the market.

The advertising team at Best Buy is putting out a funny ad during the Super Bowl.  As simple as it sounds, it is an opportunity to reintroduce consumers to the brand.  You nacho chompers love funny commercials. Pair this with the curious business model of their online rival Amazon and we could begin to see money rotate into this name.  It’s beaten down and people love a comeback story.

The daily chart shows price behaving in a way I particularly like.  I would like to see shares of BBY continue to come in and enter the hon3y hole.  I’m always looking to find the first pullback after a stock changes directional trend.  It offers the highest probability and also has the greatest profitability potential.  Of course, the overall market needs to remain constructive for these setups to work, but keep Best Buy on your radar leading into this weekend’s game.