This week's picks were ICE short, and RACK long. Please note that I picked these last Sunday, so the charts are no longer current. But I think they are useful nontheless.
ICE has already collapsed down to my target around 55, unfortunately I missed the ride. SIlly me. I am now long at 54.30 looking for the right shoulder of a head and shoulders top. Notice how it closed today(not on this chart) right at support, I think it is a good short term long. My target on the long is the 50 dma.
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I bought RACK calls at the open monday and sold them yesterday for a quick 40% profit. It's direction from here is unclear to me.
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This CME chart may be of interest, it apears to have the most room to fall of all the broker/dealers. If ICE is any indicator of CME's future this may be a great short. I see a long term top, maybe a slanted head and shoulders on this one. Note, it is halfway to my 400$ target.
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