Head and Shoulders

Head and Shoulders.

CLNE

Investopedia - "The "head-and-shoulders" pattern is believed to be one of the most reliable trend-reversal patterns."

Is the market looking at further sell offs to come?

/ES

Could bounce off the channel trend line up, or crash right on through... My guess is going through the bottom with all the hype over the "death cross" (50 and 200 day moving averages crossing, which dosent happen often), and all of negativity investors have in the market right now. 

Clean & Quick

Clean Energy has been making strides; up 29% since I picked it up and 16% today let alone.  They had earnings today and the beat helped push the price up to new highs. 

What a tease Quicksilver has been... and still is.  They beat in earnings, (though still reported negative) and ended the day down 8%; ouch.  I'm still up 20.5% on this position and im going to hold; what was the upper resistance seems to have turned into a lower support.  We'll see if this holds as I hold onto this.

- Krames

Holdings at the start of this blog...

I figured I should post what positions I'm already in at this point, where I got in, and what direction I entered.  (By the way I trade through Thinkorswim platform)

• Longs:
• CLNE
• CSX
• DPS
• M
• TRC
• Shorts:
• GS

I'm going to speak of GS in particular.  Shorted GS on account of the bad rap they've been getting recently; the Greece currency swaps primarily.  I also drew out a pretty interesting chart, by the looks of it the channel and trend lines intercept vertex is approaching which could prove to be a vital point.  THIS LOOKS VERY SIMILAR TO MID 2007. The triangle they form is giving me further reason to believe this is going to drop.  If GS passes 165 within the next two weeks then I am probably wrong.

We will see.

-Krames