The Shakedown 2/11/18


Feb 11, 2018

What a plunge the market took after breaking the rising channel I noted a couple weeks back. It plunged straight down to its 200 day SMA after the break, which is about a 10% correction. While that might be the end of the plunge for now, I expect choppy conditions to continue as charts repair. Only time will tell.

Updated Earnings Watchlist

(Click for Calendar)


Unfazed by the selloff, ARNA looks inviting to say the least. Watch for some big time volume through $41 in this bio. Would love some tighter consolidation on the daily chart but in these market conditions I wouldn't expect it. 

Trigger: $41

Stop:  TBD/LOD

Target: $44-48+

Hope to see you in the chat Monday!

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