regarding the previously posted CP short trade, CP was one of my top picks for a short trade as i went through the charts of all of the components of the sector last night. however, i held off posting the setup as CP was scheduled to announce earnings this morning, which gave the stock a 6% plus pop providing what could prove to be an very nice entry for the trade. of course, we need to see prices fall back into the wedge pattern & then break to the downside in order for this trade to play out but i think the odds are pretty good for that to happen soon, especially if & when the railroad sector breaks below the uptrend line in this $DJUSSR chart.
