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Pairs

BP PLC - BP - Daily - Key Hidden Levels are Essential in BP!Look at the remarkable action around the KEY HIDDEN LEVELS in BP over the past 10 months - There have been multiple tests of the key support lines that provided ideal and low risk entries on pull-backs. Subscribe to "Key Hidden Levels" in the "Marketplace Add-Ons" section of "Indicators" . I'm looking to get long against support down here - I will post my entries here on Tradingview. Also, if you are short CVX against purchases in BP, you can create a "market neutral - pairs trade". See the link to CVX below. Tim
NYSE:BP
by timwest
9
Coca-Cola Company KO Daily - Lagging the SPY with low volatilityThere is a big divide here between the performance of the overall market and the performance of KO, Coca-Cola. The way to set up this trade is to go long KO and sell short an equivalent $-amount of SPY shares. Over time, I think that KO will start to outperform the market and this trade will make a profit. If they both go up, we need KO to do better than the market. If they both go down, again, we want to see KO do better and decline less than the market. The profit is in the difference between the performance and not the outright performance of KO. Tim KO 40.96+0.30 (+0.74%) SPY 194.46+0.16 (+0.08%)
NYSE:KOLong
by timwest
6
PAIRS TRADE: SELL SHORT KORS, GO LONG COHMichael Kors KORS - Daily (sell short) either outright, if you are unfamiliar with PAIRS TRADING. Or as a pairs trade, sell short KORS versus going long in Coach Inc COH (go long) Sell Short KORS 94.10 last -0.23 Buy Coach COH 40.50 last +0.51 I've been waiting for awhile to get a good technical setup on KORS as a short sale. The setup I wanted to find was a rally into a key resistance area. What we have here is just that. KORS is just under the level where earnings were released back on May 28th (note the chart shows 8th). The near perfect LINEARITY of the advance in KORS is spectacular, but I have to say that when you see a great, high quality brand like Coach COH down in the dumps while at the same time you see KORS overbought at very high valuation levels of 6 times sales, which is a level reserved for Biotech, High Tech, Drug Company's and other "high moat" investments, then I have to call this a LOW RISK trade.
KShort
by timwest
4