Monday looks to be a big trading day as futures indicate we will be gapping down (as of 10pm) 23 handles / 1.9%. This gap down could trigger a strong reversal to the upside to start a bear market rally that could last a few days. This is ideally what I would like to see happen come Monday but I have no crystal ball telling what could potentially happen. Looking at current market trends we can see that trends are starting to shift to the downside for most areas of the market and currently remain very oversold which is why I expect a bounce to occur in the near term. Overall trends should remain down and I would be looking to sell on reversions to the mean. Fixed Income has seen a significant big in the last week or so, indicating that risk is clearly off. Technology, Retail, Oil and Gas remain the strongest of sectors in the market. I think it is these sectors you want to be long if the market does turn up. $BIDU $SINA $NOC $GMCR $WYNN $AAPL are some of the stock I would look to play on the long side.  

WYNN is still a short with this market gapping higher. The longer term trends are still negative so until we see the moving averages turn higher, one should look to sell into strength. Daily – Downtrending with 8 period below the 21 period Hourly – Downtrending with 8 period ema acting as resistance and below the 21 30 Minute – 8 period below the 21 with 21 acting as resistance 15 minute – 8 below the 21 period with 21 acting as resistance 5 minute – Oscillating above and below We are opening up near 132.50 which is the 21 period ema on the hourly timeframe. I would look to sell this pop and possibly buy back lower if the moving averages hold up and start turning higher. The stock is not a long yet.  

Valtentin hat bereits über den WYNN-Trade gepostet. Hier noch ein FollowUp: Wir haben beide eine Position in WYNN aufgebaut nachdem es zu einem Gapfill im Aufwärtstrend gekommen ist. WYNN hat bei 15$ einen Boden gefunden und bewegt sich nun schon bei rund 48$ - Iím Big Picture sehen wir, das WYNN von und 180$ kommt! Wir haben also noch reichlich Platz nach oben und WYNN werde ich deshalb als Positionstrade halten. Meine Kernposition mit 400 Stück habe ich bereits auf 600 Stück pyramidisiert. Hier der Entry-Chart: ...und der aktuelle Depotauszug: