KSS looking interesting http://schrts.co/CrSGkk

Here's a few charts I'm looking at in case the market pulls back further. 

Here's a few charts I'm looking at in case oil drops further.   Might be good for a few dollars each. 

http://schrts.co/ngTGcU

http://schrts.co/nAU7g9 

"Fazzy" is a play on words, with FAZ being the 3x ultrashort version of XLF. (In short, he's bearish, or at least the chart looks bearish.)

I had BBBY on my short list for over a week now. It kinda skipped over my short trigger though. :p

Interesting. That might be the culprit then. I'll experiment with that. Thanks!

Side note: Anyone else noticing their trendlines moving around on stockcharts.com?I have to re-position them every day since they're not moving properly with the realtime charts. This is a new problem.

And here's a potential long I'm watching. http://schrts.co/itaUvp   Kind of thin volume though. 

3 potential shorts I'm looking at in case we get another thrust down (probably only as day trades). 

http://schrts.co/1LbLiU

http://schrts.co/qfcWu6

http://schrts.co/t4oXjp

I hope that mls127 doesn't mind, but here's the US version of 4 of his charts. (Had to redraw a few lines since the US charts are slightly different.)  

I've noticed that some of my short setups end up being amazing longs (when they break in the wrong direction), and vice versa. Anyone else find that? Here's a few recent examples (XRT 5-min long and CRZO daily short). No money lost since they didn't trigger entries, but it's just a funny observation. I'm seriously tempted to start trading many of my finds as straddles!

For those watching gold and silver, CDE looking pretty good. http://schrts.co/YtRZ87

Here's a few trades I'm looking at that could break either way. (Note: I'm only considering shorts at this point as day trades in case of a final thrust down. Personally, I feel we're too close to a bottom to hold shorts overnight. )  GNTX, CI, and CHRW (I posted the last one earlier). 

http://schrts.co/oyxQ6S 

http://schrts.co/cssC89

http://schrts.co/iwU1rE

Reply:  Onus remains on bulls but the setup is there for a bounce IF we can get some resolution on trade which remains an unknown. (Steve)

I did. CCJ has been great. I only wish I had bought more. 

Here's an "either way" trade that I'm looking at (CHRW). http://schrts.co/iwU1rE

Looking at Sketchers (SKX) for a possible quick short (day trade) in case market drops. http://schrts.co/mufHPd

Usually the reasons for setting up an entity are for legal protection and tax benefits. For professional day traders, however, it doesn't make as much sense to set up an LLC (or corporation) as it might if you own a business or real estate. Reason 1: Professional day traders (i.e. if you can qualify as such according to the IRS) can already write off their necessary and reasonable trading expenses anyway, without need for an entity. Reason 2: Professional day traders aren't generally subject to FICA (~15% self-employment) taxes, but if you set up an entity like an LLC, I believe that you have to start paying those (so it's like the reverse of getting Geico). Reason 3: Tons of paperwork with brokerages, extra brokerage fees, entity setup fees, and a hefty $800-$1,000 annual renewal fees to renew your LLC with the State of California. Reason 4: Apart from tax reasons (which an LLC might actually make worse), a main reason to set up an LLC is to quarantine lawsuits, so that people suing you can't get your other assets (your house, car, other businesses, real estate, etc). However, it's pretty rare when your trading business leads to you getting sued, since it's just you, a computer, and an internet connection. (I guess you could accidentally poke someone in the eye while reaching for your keyboard or something). So, few upsides, lots of downsides. A person might just be better off getting a personal liability policy (umbrella insurance) to protect against personal lawsuits ($400 a year for $2 million in coverage), and enjoy the existing day  trading tax benefits the IRS provides. Disclaimer: I'm not an attorney or an accountant, so McFly just might have his shoes untied.  

Speaking of precious metals, I've never seen the commercial shorts level as low as it is right now. This could be extremely bullish for the price of silver. http://snalaska.com/cot/current/charts/SI.png

Actually, I'd probably include this picture. It was taken right after I saw YY drop further after exiting my short. I also made that face this morning when I discovered (5 minutes too late) that I had forgotten to hit "Submit" after inputting buy parameters for Cutica's IO trade. (Dang!) Still a good trading day though. :)

Kinda wish I had stayed in this short a few hours longer...  I guess you never know.