Technical Analysis with Mr Rhino, H.A.M., B.A.M.F.

Technical analysis is something that is really lacking for me, so before I go over my performance today and the moves I made I just wanted to share some.

Short GRPN:

As you can see here, I threw a flaming (no SF) metal trash can at GRPN upon the open, thus, the three black arrows are where it bounced off of landings on its way down, and finally the red arrow is where it picked itself up and decided to go out on the street and look for handouts. I fully expect that it tries to enter another fine abode on Monday only to be treated with the same amount of violence, that is of course unless it can brake back through the $4.20 mark with some volume behind it, (denoted by the trend line). I’m thinking folks want to take profits and this one gets kicked down every flight of stairs there is.

Short FSLR:

Now, you will notice the channel denoted by the black and red trend lines. The two black arrows and the $ denote when and where the government decided to give solar companies more money because we all know how successfully they can be- (see Solyndra, Amonix, Abound, etc.) -so then they needed more money, the second black arrow, but they still couldn’t break through. That lead to me giving them the middle finger for being worthless, and noting that the red arrow is the $27.25 mark, where if they cannot get more government aid or figure out a way to be profitable, they will careen into death and destruction.

Long LULU:

So here is LULU. At the beginning of the Bikram session it threw its “moisture wicking techni-thong” on, and after some downward dog it was break time, denoted by the two black arrows in the middle on the left and right of the “mesa.” As things started to warm up again after the break the thong started doing its job, wicking the moisture away mind you, as the fitness, flexibility, and Namaste of LULU grew. Toward the end of the session everything looked great, and pending no injuries over the weekend, I want to see it bounce through the little channel denoted by the red arrow. In a perfect world, on Monday it would break through the resistance at $72.50 , and get support in the $72.60-72.75 range.

My performance and moves made coming next.