The Student Loan Ranger

Another huge sell off. After a million short signals 2 days ago, C has dropped to $5 and continues to look weak.

A few quality short signals have followed through today, most noticeably C but also TSO which topped at $11 with a channel high and today fell out of that channel hard:


Shorter term in TSO there was a nice double top at the 200ema after a gap down. High quality opportunity.

In the midst of recession mire lurks opportunity for the patient.

Take your pick from a variety of technical short indicators on C to coincide with the lay-offs:

Trade a straight forward channel on the TSO chart:


Continuation signals swiftly followed by strong reversal patterns on RIMM (DB, Inv. H&S):

Increase your petrol money by spotting the easy S break trades and tops in RIG:

Trade a magnitude of consecutive bear flags and 20ema retracements as your marvel at the low price in GM these days:


There has been some good action the past week or so, C has been nice even as I write this. I think the market is in a better shape than it was 3 weeks ago. The relentless bad news has finally been absorbed by the market as it realises it is in a recession and will be for a while. Good to get a clean out.

At this rate I expect to be back in the market around Christmas.

I'm still on the go et al, too busy with a college project to watch stocks though. Eagerly anticipating the effect of the presidential results on the market in the next few days though.

If I were American, I would be voting Obama.