Last Night’s Short Selection

 

 

 

 

 

In last night’s Do or die post, we went over a few names to look to short on further weakness. Now let’s take a look at the charts after today’s carnage:

$WNR:

$CHK:

$WTI:

$ATW:

$PTEN:

Or, I said buy $ERY if you do not prefer to short:

I came into the day long $ERY and missed a lot of the individual breakdowns myself, but I wanted to show an example of what I look for on a day to day basis. The chart setups I post every night are at critical levels and I look to play the breakdown/breakouts for quick coin. Had you followed into some of these plays then you probably had a fantastic day, as I know many of you did.

If you are wondering if the stocks are still shorts, the probably are, but I will not trade them after the initial move takes place, I like to be in the initial move. Unless, of course, we get a retrace back to the initial breakdown.

Tomorrow will be a critical day for the market, I would not be surprised to see a crash given the way many charts are setup. Here’s a look at our current bear flag in the S&P 500, the bulls need to hold the line here:

Make no mistake, copper nailed this move, and if you missed the divergence, take note for next time. I’ll be back later with some more ideas for Thursday.

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