Friday’s major breakdown changes the nature of the trend, as the 50 day moving average, which has acted as a strong trendline, was broken. Not only did it break, but it broke hard on strong volume.
Look to short on a pullback to resistance
I wont short at this area as many plays are in extreme oversold situations and there is a good chance they snapback. If volume is low and we drift and retest the 50dma thats where I willl load the boat on the shorts
![](/blog/20100125060429915.gif)
Some good rubberband plays
Oil, commodities, and solar
![](/blog/20100125060501541.gif)
Id play PCU here with a stop at 28.50 if I get stopped out I will reenter lower closer to 27s.
![](/blog/20100125060540477.gif)
UCO is showing same setup.
ID is an interesting stock. Hot sector. looks like it can breakout any moment. Great volume pattern
![](/blog/20100125060753547.gif)
HBAN
Big flatop breakout happening in this stock. Look at Key last week. same pattern. This could be a good one.
![](/blog/20100125060907918.gif)
MHR looks to cut loose too.
See how the volume has faded on its consolidation. Its getting ready to bust loose again.
![](/blog/20100125061118319.gif)
Also like ANV and some of the miners. They all reversed on Friday but are still very oversold.