Potential Trade Setups
I like oil on the long side, but I want to see a break of support. Right now, its just a little too top heavy, but I want to be ready should the opportunity show up. 26 looks like a great place to try to start a position.
I also like tech, but im not sure what names to own, so I've got a broad sweep with SMH. I'm less concerned with a breakdown of support here, as SMH has not had a huge run (relative to some names), so I'll play this one with the 60 minute chart signals.
I want to avoid a lot of the US financials as there's just too much uncertainty. Canadian bank's are where its at. V, GS are interesting.
This looks like a short. I don't think this is going to break out to the upside, as solar is just too expensive.
I see pretty much every commodity coming off right now, but copper is holding in there. I just dont see this continuing to buck the trend. But is it China? Well, now the Baltic dry index is coming off, so there goes that thesis. And this is PCU, not FCX. Looking for this name to move back towards 15.

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1 Response to "Potential Trade Setups"
howdy!
hey, i like the semis too, but you should look into the composition of SMH
its 25% INTC and 20% TI
i would like more diversity, and i would like intl exposure as well (STM etc)
i have looked at all the semi ETFS (PCI, USD, SMH, XSD) and they all suck
i am thinking about throwing together my own basket of 5 or 10
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