perhaps, if you look at the MACD, it hardly budged while price
went from 67 all the way to 75 on the bounce, generally that's a
negative sign and it's right at the 20 day MA. I suppose you
could take a shot with a tight stop. the 60 min chart could
form an inv H&S if the pullback is similar to the last pullback
to 71 on June 25th, we'll see...
MNST
Posted by morton13 on 3rd of Jul 2012 at 10:54 am
this Monster looks frothy to me and could be shorted with a close below the 20day moving average....rotation anyone?
MNST daily
Morton - one could short
Posted by steve on 3rd of Jul 2012 at 11:01 am
Morton - one could short it with a tight stop just above.
Steve would you look at a spy short here? or anyone?
Posted by carlhoot on 3rd of Jul 2012 at 11:11 am
Old adage - don't short a dull market...
Posted by lessarda on 3rd of Jul 2012 at 11:14 am
but taking profits or hedging some longs may make sense - the market may be set up for another jobs disappointment after the holiday
perhaps, if you look at
Posted by matt on 3rd of Jul 2012 at 11:01 am
perhaps, if you look at the MACD, it hardly budged while price went from 67 all the way to 75 on the bounce, generally that's a negative sign and it's right at the 20 day MA. I suppose you could take a shot with a tight stop. the 60 min chart could form an inv H&S if the pullback is similar to the last pullback to 71 on June 25th, we'll see...
thanks i see it now on the 60 min chart
Posted by morton13 on 3rd of Jul 2012 at 11:12 am
going to wait market trending up anyhow... apple gets going strong we could see a nice rally.
also probably does not make a good short
Posted by morton13 on 3rd of Jul 2012 at 11:14 am
candidate with rumors Coke may be buying them out potentially....
MNST already gave a quick
Posted by steve on 3rd of Jul 2012 at 11:20 am
MNST already gave a quick trade intraday - nice mention morton