S and P shorts FFIV ADI SNA etc

    Posted by cmunny on 16th of Apr 2014 at 01:01 pm

    Miraculous stick saves at the recent lows on a bunch of these of these the past few days, look like easy shorts, moreso above if earnings falderal.  FFIV, recent and earnings gaps below , at trendline retest.  SNA, tapping out support until miracle rally.  ADI relatively weak today at  hsr line.  SRCL , overhead resistance.  Lots of these hit overhead major fib lines at highs. 

    SNA short

    Posted by cmunny on 28th of Apr 2014 at 11:56 am

    Earnings gaps and whipsaws have made these SPY issues lpretty good shorts up here.  SNA right at 5 yr and 2 yr fib extensions over two ernins gaps.  TGts 105 then 98.  Small gap above even better if it gets back there.   FFIV also printed a magical move up toward highs and wedge resistance kicked back in.  A little overdone for the moment, perhaps a miraculous skate save to the 9dma, but 94.5 looks likely.  SRCL likewise ,  a bear whip on ernins up to 200dma, ... if $113 breaks, symmetry to 105, fib to 97.

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!