Tuesday, January 20, 2009

Inauguration

My calls on USD/CAD and EUR/AUD dont' look that good right now. My analysis on currency isn't that great but I'm learning. Luckily I know this and trade small.

Here are the stocks I'm short. I bought the June put in AZO just after the open. I put up the daily charts for my reference. I could probably trade these off the 4-year, weekly charts.




And the ETF I wish I was short. A head&shoulders pattern, breaks the neckline. Then it finds support, does an amazing retest before falling away to all-time lows.

Brian Shannon did 2 great videos. In the first he outlines some trade ideas and in the second video he reviews and explains them. Really great information.
Trading Ideas
Trading Review

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