RTH

RTH - Retail Holders Trust $79.66 3:25pm

A close below $78 this week is an opportunity to short stock or buy some JUL75 or JUL80 PUTS.

A run down to $73-$74 area would be my profit target.

Any run over $80.30, I would bail out.

MS

MS has tracked back up to the daily trend line. It broke the trend last week and I missed the trade. It might be setting up for another chance at a short. Just watch your smaller charts for signs of weakening and possibly short the stock. Stress test results next week could make MS very volatile. Keep that in mind. You can by calls for protection relatively cheap so you can sleep at night.

The $26-$27 area is resistance with 3 tests in the last 2 months or so. Stop out at $28 if the short goes against you because it could breakout from there.

SHLD

SHLD - Yesterday it looked as if though SHLD was breaking down. Now go take a look at the trend line on the daily. Did it close below it? Nope. That is why we have to wait for a close below the trend for the safer trade. I will still keep my eye open for a potential trade.

See prevoius post: CLICK HERE

SHLD

Sears Holding Corp (SHLD) - I am thinking about shorting the stock for a few dollars. It is breaking down. I will keep you posted if I do it.