SMED Ascending Triangle

This is text book ascending triangle. Perfect bull ascending triangle followed by strong breakout on high volume. I think this one SMED has some more runs coming. It's a good buy if it holds above yesterdays close. It's a medical waste disposal company only 146 million market cap. Good earnings growth.

Short ATW

I shorted ATW on the breakdown of this bear flag it is in. I filled around 16.19. I sold half of NOG to lock in gains. still short remaining half of STRP.

NOG Drop!

NOG was a great trade for me short from 5.05. STRP continues lower.

Kick The Can Again

I'm disappointed they didn't raise rates. I'm not surprised though. I should remember that you can't expect the FED to ever do the right thing. Or even know what is really going on. I remember Bernanke would hold press conferences and be adamant about the bottom in housing and the strength of the economy. That was in early 2008! I sold a little over half of STRP and all of TRCH. I got a bad exit on TRCH at 2.22 but still made +.05 a share gain and ok partial sell of STRP at 35.47. I almost bought some calls on GDX. Seems to be the only thing strong along with TLT. Forgot in the video the USD looks very bearish here.

Recap Of Trades

I stopped out of UA at 100 a share. STRP tanked nicely and I'm still short from 37.91 up about 9% now. I bought TRCH at 2.17 and it ran all the way to 2.44!It closed up about 8% so I'm up on that one to. Looking to lock in profit on both today. STRP and TRCH were two of my favorite setups. A spike run above the upper Bollinger band and a bull triangle.

TBT Still Good Idea

Long Watch TRCH

Uploading my latest video is taking longer than anticipated. I like TBT as a long-term position trade on a FED rate hike. TRCH is a good triangle that just broke out here. Good volume too. Long biased!

STRP Position Trades, Commentary

In this trading video I talk about my STRP short. I also analyze natural gas. I talk about my day trading ideas for the FED announcement and the next direction of the overall market.

Video Watchlist

My First Video Blog Post

Enlarge video to full screen and turn to HD quality to see it clearly.

Under Armour UA

UA looks like the next NFLX bear flag about to break. UA is just as rich on the valuations. UA has a 90 PE and trades at 6 times sales. I'm going to short it on a breakdown below 95. Technically it looks like a rounding top formation. I usually don't trade these big stocks but the 10 day average day range is 4%. So odds are it will move 4% or much more on a volatile day.

Two Shorts

BBG and CLNE are short biased watches. CLNE it looks the best for a short. Sweet bear flag