Symbosl are MTZ and COST.

Unfortunately, my computer is giving me problems attaching images to this post, so it’ll be all text until I can get it fixed.

MTZ (Construction Srvices):

This stock is showing a huge divergence between price, the PPO (momentum), and the DMI (trend quality). Normally this wouldn’t be enough for me to short a stock until we had price  / volume confirmation, but given the market I thought I could make a quick 10% (made almost 4% today)

Target – 12
Stop – 15.9 

COST:

Costco is showing MAJOR bearish signs on the indicators, and today marked a great short signal with a 50 / 200 day MA bearish cross. Here’s why I opend this trade:

1 – Bearish 50/200-day MA Crossovers
2 – Bearish PPO cross
3 – Bearish Divergence in Accum / Dist
4 – Bearish divergence in the DMI

Target – 60.25
stop, just above 200 day ma, 69.07

Last 5 posts by Steve Warshaw

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