Rogue_Analyst

Rogue_Analyst

PCL is one of the weakest stock in the Real Estate industry. REITS have been underperforming the S&P. This is a good candidate to short in a strong downtrend (see daily chart). Ideally, a short should be opened on a retracement to the 20 MA in the day chart.

Rogue_Analyst

MGM has been underperforming the S&P since April and has recently taken out the 22.69 low YTD this week. The safest initial target is the 38.2% fibo retracement at 21.

Rogue_Analyst

Casinos & Gaming have been underperforming the S&P since March. This is a perfect time to short as the lower low this week confirms the downtrend. The rise in volatility suggests it could break much lower to 1200 or lower.

Rogue_Analyst

Long a strong stock in the strong Technology sector. Ideal Long entry: after a Bollinger band squeeze on the day chart at uptrend support around 36.5

Rogue_Analyst

Within the weak Tires sub industry, Goodyear has been losing upside momentum and is starting to underperform the S&P since May 2014. Technical Analysis: - Bearish Divergence from May to now - Price has been holding bellow the 20MA on the weekly chart with a mean rejection at the beginning of Sep - Downtrend on the relative performance chart with the S&P Initial...

Rogue_Analyst

Within the underperforming automotive industry, the Tires sub-industry offers a nice short setup as the price holds bellow the 20 MA on the weekly chart. The current bearish divergence and a break bellow the $78 support would confirm the new downtrend

Rogue_Analyst

The Automobiles Industry has been lagging behind the S&P 500. A retracement on the S&P would offer a good short opportunity for a weak stock in the weak industry.

Rogue_Analyst

Macro: The Short term spike in yields triggered a large selloff in REITS. As mentioned in the 10 Year yield post, The yields are likely to rebound until at least end of year which could put downward pressure on REITS. Technicals: USDH is underperforming the S&P which is setting up for a possible short across the board over the next weeks. The bearish divergence...

Rogue_Analyst

Technicals: The 10 year T Note is finding support along the 38.2% Fibonacci retracement at 2.38. This level also coincides with the 20 MA on the Monthly chart which is on an uptrend. The general uptrend movement from 2013 to now suggest that the recent selloff could be a consolidation ahead of a larger break to the upside. Macro: The Fed has been hinting towards...

Rogue_Analyst

The recent consolidation could be a great setup for a rebound to the 38.2% retracement. At these levels we are also at a major support line from June 2010 and Feb 2009 support.

Rogue_Analyst

The recent consolidation could be a great setup for a rebound to the 38.2% retracement. At these levels we are also at a major support line from June 2010 and Feb 2009 support.

Rogue_Analyst

Industry is underperforming the S&P Double top was formed losing upside momentum The industry index has recently squeezed and had a breakout lower 2 days ago