Hubert Senters here.
Let’s take a look at a couple of companies that don’t look too hot in the technical standpoint of things so as you get into summer sometimes you have the summer doldrums where the market trade sideways is slightly.
This looks like one that’s going to go substantially lower. So you can see it’s a beautiful chart if you short this bad boy, if you’re not I don’t think it’s too late. You just need to wait for a little bit of a bounce to re-short it. So that would be one trading ideal would be LB.
Now, oddly enough you would think this is one of the biggest net gainers on the day. XRAY on the Dow – no, on S&P, I’m sorry. You’re like man biggest net gainers I think must be look beautiful. No. Not really. It’s a massive short in my opinion. It’s still below the cloud.
If it was to bounce up to $47.60 that would be a short with a stop at about $50 or you want to risk about three bucks. And then on that you want make at least $15 on your money. So in other words if you’re going to risk three you got to multiply that times five and then pick your target down here so there’s two decent short ideals for you for this summer.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
