I am not too happy of the way I am managing the QID position, which has now a 100% chance to hit the stop in the next five days. I definitively intend to close the position today before AAPL, MSFT and AMZN issue their earnings.
CMG is doing well. A bounce to resistance is a "must short."
I wonder what happened to AAP yesterday. We were up nicely and then down back to the starting point. Earnings are still in a few weeks. The best is simply to raise the stop just above the purchasing price. This is the ultimate protection, while keeping the trade alive.
IBB is doing fine here.
Below are a few new trade ideas. I will mainly concentrate on the short side, as I expect to sell QID and replace it with another short.
TSS could be interesting on a bounce to 18.5
I also attach the AVG Figure, which is very negative, but AVG issues earnings in a few days. I'll stay out for now.
In the same sector, FTNT also issues earnings, but today. The Figure can be seen below. I would short only if they miss earnings.
Finally, CPWR looks also interesting as a short candidate on a bounce to the 50MA, with a stop above the 200MA.