I have a growing list of short trade candidates on my watchlist which look poised for a decent correction. I plan to refine the list and post some of the more promising trade ideas on the site later today but until then, here are a few that stand out (all daily time frames). (note: I have NOT scrubbed any of these stocks for earnings. Always a good idea to refrain from opening a new swing trade position just before they report earnings.)
JBLU- Currently clinging to the bottom of a steep bearish rising wedge pattern. I posted the chart before the close yesterday so I can be clicked & expanded in the Twitter feed on the left side of the home page of the site.
RJET: Broke down below the uptrend line off the April 2014 lows yesterday.
ALK: Backtesting a minor uptrend line from below (line starts around the late November prices & undercuts all the lows from that point until the late March breakdown).
HA- Just backfilled the big Jan 30th gap yesterday, offering an objective short here with stops somewhat above yesterday's highs.
LUV- Just above a long-term trendline generated off the Aug 2013 lows following the recent divergent high.
ALGT: Bear-flagging following a steep uptrend line break.
SAVE: At the top of a symmetrical triangle pattern.
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