SPX - Whipsaw!

Good Afternoon,
My head is spinning, but honestly, I am glad that happened! I don't want us to break and break and break. I want us to hang in there. We have so much more news to digest this week (see yesterday's post), so we aren't out of the woods yet, but the move this afternoon could have shaken some shorts out. If we can rally again tomorrow and get into the 1140 range, things could get iteresting.
They will be interesting nonetheless due to a flurry of data in the next three days, so as mentioned yesterday: let the trade come to you and trade the appropriate size!
To the forex charts. We started off with a DOUBLE FALL LINE TRADE in the GBP/USD, which I didn't take as Bernanke was speaking. As Bernanke spoke and the markets rallied, the dollar weakned and you know that if you are seller of equities, you can also look to buy the dollar as it eweakens and that scenario happened, giving us a BUFFALO BOUNCE  in the EUR/USD:

Past performance is not indicative of future results

Past performance is not indicative of future results
Then, the insanity happened. After having a few clients and talking about not buying puts down here, the markets turned. I guess I should have just had the markets do the lesson. Risk to reward folks, risk to rewawrd!! I am exiting puts today, not entering new ones. I guess the retail investor got short today or dumped some of their positions!!
More fun tomorrow!
Happy Trading and Be Environmentally Cool
Coach Brian
Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

SPX at "The Line of Death"

Good Morning,
Another busy day.
Fundamentally, the fireworks continue and there is always the possibility of more.
Although our economic calendar is definitely "in the background", keep an eye on durable goods tomorrow and initial claims on Thursday. I don't provide expectations, but I gather the risk is to the downside in durable goods and for initial claims to stabilize/even get a bit better. "Getting a better" is relative as the 400k number and above is consistent with little to no job growth every month.
Technically, SPX is well off its lows and heading back to pre-Bernanke levels, but still have a little bit to go - 78.6 retracement of the move from 1224ish to 1124. This retracement is "the line of death" as it is the last retracement level. If we get above it, there is a very, very good chance we will approach old highs at 1224 - then what? Are there enough shorts out there to squeeze us through those highs?

Past performance is not indicative of future results
I talk about "is a deal really a deal" a lot. I wasn't salivating over SPX but I was salivating over some others that were oversold. Yes, Gold went up, but is anyone confident they can call the direction of gold lately? I feel much more confident with oil as a true commodity. Check out the support level that held. By the way, you could get 4% for sellilng puts 10% below the market as of yesterday morning.

Past performance is not indicative of future results
Moving to forex, there was a rough DOUBLE FALL LINE TRADE in the EUR/USD:


Past performance is not indicative of future results
I chose the BUFFALO BOUNCE in the NZD/USD:

Past performance is not indicative of future results
Thanks to all who attended (and Skyped) at last evening's Park City Trading and Investing Club. Another solid meeting!!
Happy Trading and Be Environmentally Cool
Coach Brian
Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

SPX Sitting on Support and BIG Worries!

Good Morning,
We are chart heavy today. I don't think I need to address the Federal Reserve as I addressed it in the past two commentaries (and nailed it) and in last night's webinar. The bottom line, our economy is flirting with recession, depression, stagflation, deflation. You name it, you got it and you better be savvy on your trading, defense, protection, income generation, because your investments aren't going to perform like they did in 2008-2010. Welcome to the NEW ECONOMY - one of majore worries and major hurdles and Volatility - yay!!
To the charts. First, forex and the chart I mentioned in last night's webinar, the GBP/USD on long term support:


Next up is equities and the SPX. I don't think support will hold if our labor data worsens (which the Fed told us it will)


Stocks that are getting to more attractive levels, XLF, JPM and my favorite, USO:






Finally, did you notice claims today? Not good! Oh yeah, if I didn't mention it, the Fed told us that this data would be bad and probably get worse. Employment data rules as reality sets in!!
Happy Trading and Be Environmentally Cool
Coach Brian

SPX Range Continues - Support Holds! (For Now)

Good Morning,
Support is holding in the SPY. Before we get to the technicals, a quick review of the fundamentals.  Retail sales were flat and PPI (of non-importance due to Federal Reserve policy) was flat. Tomorrow, we get initial claims. I am expecting it to be flat as well. If the previous relationship holds, then flat economic data is positive for the equity market.

Technically, we still have some room to go to the upside, but I am not convinced that flat economic data is good enough to get us there.

To the charts we go. Support is working for SPX as we continue to bounce off a now more critical 1140 level:

Past performance is not indicative of future results
Speaking of SUPPORT, check out XLF and F:

Past performance is not indicative of future results

Past performance is not indicative of future results
Moving to the opposite of support, is AMZN doing its pre Christmas run? Yep, I said it, Christmas - we are about 100 days out.

Past performance is not indicative of future results
Check out AMZN on a 3 year and what it does in the Aug-Dec period. Are things good enough for it to surge more than the recent 20% move up and get through the 220 area? Percentage wise, the past moves signal it can do almost 100% in this same time frame. The 220 are should be interesting. Oh yeah, this time of year, you always want to know when earnings are - I think they are in mid-October.

Past performance is not indicative of future results
Moving to forex, we had a lot of intra-day equity volatility which moved forex nicely today (the equity/USD relationship is back in play) and if it weren't for my "too picky" locations, I would have been 2 for 2, but I decided to give it a little more room and just missed a few DOUBLE FALL LINE TRADES. First up the GBP/USD and then the EUR/USD

Past performance is not indicative of future results

Past performance is not indicative of future results
Happy Trading and Be Environmentally Cool
Coach Brian
Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

SPY Ranges and Fundamental News Importance

Good Morning,
Technically, SPX is back on its lows - support is in the 1140 level. A break below this gives us a good look at how the key 1110 will do. Again, the risk is to the downside IF economic data worsens.

Fundamentally, let's look at retail sales on Wednesday and claims on Thursday. We have some PPI and CPI data in there, but price pressures are abating a bit and the Fed has stated that there isn't inflation, so I am thinking that inflation data doens't hold as much weight regarding equity market movement.
Forex was a little on the rangebound side today, but the GBP/USD had a lot of nice moves and countermoves. A DOUBLE FALL LINE TRADE (actually two came into line today):

Past performance is not indicative of future results
Happy Trading and Be Environmentally Cool
Coach Brian
Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

SPY: Fundamentals and Technicals

Good Morning,
No charts to post today - just a quick update on the fundamentals out there and a broad overview of the technicals.
Unemployment claims were just a bit outside expectations (above expectations) as usual. Not sure if this is good or bad for the equity markets (see QE 1-ongoing...) but it isn't good for your friends who are not being hired!
Bernanke popped onto the calendar at 1:30pm Eastern and then Obama speaks tonight. The fireworks continue each and every day, so be aware and trade with care!
Technically, the dollar is stronger agains the GBP (on support), the EUR (breaking support), the CAD and the CHF (see intervention). It is flat to slightly weaker against the AUD and NZD.
Equities are in the 112ish to 123ish range - roughly 10 points which is about a 10% move from top to bottom.  GLD is heading back towards its resistance level of 190 (will it triple top, fail or blast through?)
The VIX is on recent support in the low 30's and I am not using that as an indicator of future movement and/or direction. We still have 6 trading days until options expiration. Looking good for the risk mitigation to profit and the long portfolio to have an up month - but again, 6 days is a VERY LONG WAY AWAY in these markets.
Local Tip: Last night's webinar will be on Youtube shortly.
Local Tip 2: Follow intraday updates at IBFX's Connect

Happy Trading and Be Environmentally Cool
Coach Brian

The Local's Take: Afternoon Commentary

Good Afternoon,
Just a quick wrap up of todays action. We still have the dance going on in our nation's capital. We have a lot of "edgy" and "nervous" players that aren't committing to any significant holdings. That means three things could happen:
1. We can rally hard
2. We can go down further
3. It is a dud and we are fairly priced
This is like a giant FOMC statement where it may take a few days to shake out a nice trade even after the announcement is made. Bottom line is the trading should and I stress should be good in the aftermath of this as we are in a new month next week with lots of economic data including jobs.
The reality of it all? Use your technicals to make a sound trade and use money management because announcements can come at any time next week, so fast markets could pop out of no where.
That is my trading psychology bit for all of you short term traders.
For the investor, if you aren't protected yet, what were you waiting for? Unemployment has been worsening for at least 2 months and how much more upside is there in these markets? I don't know the answer, but at an 80% retracement of the 2007-2009 bear market, I am creating income and protecting the downside.
Have a great weekend and Be Environmentally Cool
Coach Brian
Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

The Local's Take: Morning Commentary

Good Morning,
Lost in the shuffle of the battle in DC were some economic numbers. Yesterday, durable goods fueled the downside and today, a better than expected claims number (below 400k) is fueling:
1. the "technically oversold rally"
2. a "dead cat" bounce
So muich more is to be digested with the debt ceiling. We are getting past earnings and it seems "QE3" has unofficially begun with the European bailout. That is a lot for a trader to deal with so until things are more clear, sound technical trading with proper trading size is key.
Yesterday volatility increased and we had the EUR/USD trade above the average daily range:

Past performance is not indicative of future results
Today, we are back to smaller ranges as equities move the upside and the dollar trades sideways. Making the segway from forex into equiti8es/options, let's look at the Dollar Index (DXY):


Past performance is not indicative of future results
Sticking with the D theme, let's look at DIS and a nice shot at a trendline bounce:

Past performance is not indicative of future results

Overall, no one knows what the deliberations/outcome will mean for the markest. I have stressed over and over that you have to go "back to basics" and know your trading market very, very well and trade it for its own separate entity. There is no way that ANYONE has been through a QE1, QE2, QE3, etc... before. No one has been through a debt crisis and the possibility of downgrading American credit. I sure will not tell you where we are heading, but I do know that whether you are a trade or investor, if you use sound technical analysis and you use solid trading plans with money management AND you DO NOT focus on the money, you will be successful (if that is, there actually is volatility).
Happy Trading and Be Environmentally Cool
Coach Brian



Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

The Local's Take: Morning Commentary

Good Morning,
This is your typical bull market summer day. Volatility is in the mid teen's, no economic data and the bulls are still clearly in charge. It defenitely isn't a good sign for the bears if our down day after 500 points of going up is around 10 pionts. 

I could definitely use some soft economic data and a few down days, but not srue there is a reltionship between poor economic data and down days.

We have weekly claims staying well above the 400k mark, meaning little to no job growth (again), but this time, the forecast of 85k jobs scares me. Why? Because we could see a 100-150 print which will look GREAT! compared to the estimates, but overall, very, very paltry and unmeaningful in the long run.
So with the massive run up in equities last week, are we seeing some sectors get top heavy?
I am focusing on percentages gained and USO may be ripe for a bear call after we caught in on the long side by selling puts and now I want to see if the rubber band has stretched too far to the upside. Look at this 10% move:




Past performance is not indicative of future results
In the forex markets, the dollar is a bit stronger against most currencies, but overall, it is an "inside day" with very quiet ranges during the American session. Again, the first paragraph mentioned quiet markets, so trader discipline is key. Are you going to bang away today or in a few days when we have unemployment data and the opportunity (no guarantees) for larger trading ranges.
Happy Trading and Be Environmentally Cool!



Online currency trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose

The Local's Take: Afternoon Commentary

Good Afternoon,
Just a quick reminder that next week's Interbank FX webinar will be focusing on support. What better way to introduce support then USO:

Looks like 35 was the spot - we have moved almost 7% off that level in about 4 days.
The most recent webinar was on trends, click here for the link. 
What better way to introduce that is the short term chart of the SPY:


Past performance is not indicative of future results
I could really use some bearish data from unemployment claims and CHPM tomorrow. I have a hard time believing that we will rally 5 straight days into a holiday weekend, but QE2 doesn't officially end until Friday!
In the forex markes, we had some big retracements in the GBP/USD and EUR/USD. The EUR/USD found resistance that was pretty clear and thus, was a fun scalp to the downside late in the day:


Past performance is not indicative of future results
Let's go bearish news tomorrow!
Coach Brian

Online currency trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

The Local's Take: Volatility and Forex Chart Updates

Good Afternoon,
Two out of three isn't bad.
DOUBLE FALL LINE TRADE in the EUR/USD and two BUFFALO BOUNCES, one in the GBP/USD and one in the EUR/USD (glad I cut my size due to the late timing of the last BUFFALO BOUNCE.

I think this selling pressure will continue tomorrow - let's see where initial claims comes in and I am guessing that no one will want to buy in front of Friday's number - puts to protect your portfolio anyone?
Here are the charts:

Past performance is not indicative of future results

Past performance is not indicative of future results

Happy Trading!

Forex trading is   one of the riskiest forms of investment available in the financial   markets and suitable for sophisticated individuals and institutions. The   possibility exists that you could sustain a substantial loss of funds   and therefore you should not invest money that you cannot afford to   lose.

The Local's Take: Chinks in the Armor Commentary

Good Afternoon,


A quick update is in order as I have been absent from the blog as I had a quick vacation to New York - looks like good trading markets though.
We had the whipsaw effect with the bottom trendline in the SPY, which gave us good retracements. Ultimately, the trendline failed and the bulls took over, but are the buyers lurking as they have been? Or are "chinks in the armor" starting to show up. Go ahead and look at trendlines connecting the bottoms as this one does on the SPY. Are the support lines becoming resistance? Again, you can see the headfake in the SPY, but in many inividual stocks, the trendline is acting as resistance, providing a nice bearish opportunity with low risk, high reward and best of all, chart based reasons.


Another point supporting the "chink in the armor theory" is that commodiites have sold off so hard, you may be able to use fibonacci retracements as a bearish entry as the commodities will "fail" in their bullish sequuence, giving us a lower high for the first time. Are lower lows next?

Moving into forex, as I stated above, all of the whipsaw action in the equities has given us great retracements and DOUBLE FALL LINE TRADES. And add in some volalitility and the Average Trading Ranges pick up giving us BUFFALO BOUNCES. The GBP/USD chart shows DOUBLE FALL LINES and BUFFALO BOUNCES on Friday and a BUFFALO BOUNCE today:

The AUD/USD shows a BUFFALO BOUNCE today:




You know that I am looking forward to next week's unemployment report, but will the fun be taken out of it if we continue to sell off?  Is a larger percentage moving to cash/defense these days?
Local Tip: Free Wednesday Webinar on Average Trading Ranges on Wednesday at 9pm.

Happy Trading and Be Environmentally Cool
Coach Brian

The Local's Take: Evening Commentary

Good Evening,
Just as I suspected in last evening's post, the bulls took control. There is no lack of "good levels" for the buying to come back in and support the markets, We are now back above the trendline that we broke for the past 2 days - talk about whipsaw! I am glad I wasn't a part of it in the equity markets, but the whipsaw/headfake action has been giving us great moves in the forex markets.
Let's start with a look at the AUD/USD where we had a DOUBLE FALL LINE TRADE:

We also saw the GBP/USD get massacred today - probably due to the change in unemployment count for the past month.
Moving into equities, let's show that all important (cough, cough...) trendline in SPY that has been support, then violated, then resistance, then violated. Which way did he go....

Let's see where the US unemployment claims come in tomorrow. It it is a big miss to the upside, we could see another change in direction if the markets listen to fundamentals.
Happy Trading and Be Environmentally Cool
Coach Brian

The Local's Take: Afternoon Commentary and Week End Wrap Up and Look Ahead

Good Afternoon,
Yes, that is a long title to this article, isn't it!
Who is having fun in these markets! You have to love a market that reacts to news, moves too far and then retraces. I haven't said that mouthful in one day in a long time. Until a few weeks ago, it has taken months to complete that sentence. I will break it down:
**a huge miss in the non-farm payrolls as more jobs are added
**a market that reacts to it and jumps up and then, oops, are things really that rosy?
**retracements as the marets moved too far
These are great markets folks! You should be taking advantage of them!
Let's first talk fundamentals and then take a look to what's coming up next week regarding those fundamentals and then we can fly into the charts.
Non-farm payrolls came through. We had initial claims pointing to a lower than expected report, but then, somehow, we blow expectations out of the water. Doesn't make sense to me, but let's go with it. BUT, I think in 4 weeks, there will be a lot of tension, especially if the markets are at new highs, which, wait for it....puts an emphasis on the economic calendar. Yahoo!! No, not the stock, just the excitement!
Earnings are for the most part behind us and we are getting closer to summer. As I said earlier in the week, if we are at or near highs, it could be a low volume, leak to the upside as we have seen during past slow periods (last summer, the summer before and Christmas time).
Next week, we have:
**retail sales (should be supportive according to what I see out and about)

**Bernanke and
**CPI - could CPI give us an inflation scare?
To the charts and let's look at the SPY. I don't care how high we got as I was selling that rally by buying the dollar. So that high is resistance and it comes in at 61.8 - let's use that for local resistance with local support at 1330ish.


Hey, let's all buy commodities. No, that is not a recommendation, that is a segway to the next chart: Silver (SLV):

As they say in Bravehart, hold, hold, hold hold, NOW! What do you think?
To our socially responsible play: Ford (F). Got to love the trendline - who can argue with 10 to 20 percent moves in the stock - imagine your option you savvy option traders!



Into the forex realm we go and as I said at the beginning: moves, countermoves and counter-counter moves.
Let's start with the DOUBLE FALL LINE TRADES:

And onto the BUFFALO BOUNCES:



Let's hope the economic calendar gives us enough surprises and let's hope the volatility stays in this range. Remember, we still have 2 full weeks left until May options expire and the SPY is only 30 points from its high - that could happen Monday morning.
Local Tip: Inter-Market Relationship Webinar on Wednesday

Happy Trading, Be Environmentally Cool and Have a Safe Weekend,
Coach Brian

The Local's Take: Afternoon Commentary

Good Afternoon,
How time flies when you are having fun! I can't believe I have to leave to run the Park City Trading and Investment Club as I feel like it is noon. I guess that is what acitve markets do to you. I felt like I was back in Chicago, where you don't even blink, try to take in all of the action and all of a sudden it is around 1pm and the bond markets are closing.
Short futures from yesterday morning and DOUBLE FALL LINE TRADES today in the EUR/USD as finally, the ISM number moved the markets.
BUT, the song remains the same. The markets closed well off the lows of the day. It almost feels like we are guaranteed to go up tomorrow as 3 down days in a row is like the world just fell apart! HA!  I am probably going to stay a little short going into the unemployment number, but have definitely lowered my stops.
Let's look at today's action. We had a below expectations ADP report, but that is worth about 5 seconds of my time as they are very inconsistent and not a government release. The we had the headline ISM number, 10% below expectations. The sub-components:
**new orders - a hair below expectations - no biggy
**employment - a few points below expectations - noteworthy ahead of Friday's report
**prices paid - elevated - DUH!
So the markets were flat at the time and the EUR/USD was at its high of the day and then the markets started tanking and those famous inter-market relationships took off: equity weakness, dollar strength. Here is the chart that shows a nice retracement and a DOUBLE FALL LINE TRADE:

Let's hope for more volatility tomorrow. So far this 3 day downmove has created some breathing room for the light protection provided by the bear calls, but as I said, even if we get poor economic data, the markets may be very well "oversold". (That's is sarcastic, but true).
See you all shortly for the Trading Club
Happy Trading and Be Environmentally Cool
Coach Brian

The Local's Take: Morning Commentary

Good Mornig,
I was out of town yesterday and not trading, so that is why you didn't hear from me. There was some good movement as equities rallied early on the news from the Middle East and then backed off to finish flat on the day. Notice though, we didn't finishi on the lows as we had a very, very late day rally of almost 20 points.
That is the major point I want to make. If we can't go down, the only way to go is up. The first chart I will post is the SPY - again, notice the red bars and the low of those bars and then the high of those bars. Anyone out there who is using a line chart doesn't get to see this same data, so bar charts (otherwise known as open, high, low close) or candlesticks are crucial. I caution though on candlesticks. I use them because they show the open, high, low and close, just like a bar chart. I don't want people to open up a candlestick chart and use it for the candlestick patterns, unless you know what each pattern look like and how to use it for your trading strategies.
OK, to the SPY chart and as I mentioned, with the VIX near its lows, it seems that equities are pricing in more good news ahead. By the way, to prove that fundamentals are improving, I flew, dined and "researched" the San Francisco economy. It seems perfectly healthy so for the time being, money is flowing freely and the up-trend in equities should continue.


Let's move to the commodity sector, which finally has had a little bit of a retracement given the stronger dollar yesterday and maybe even more importantly, just overbought technicals.  Silver Wheaton (SLW) has been in the news alot as silver gets close to 50.00. There are some attractive price points coming up and this brings up a good point. The trend is up, fundamentals and technicals are backing the trend, but you still have to pick your locations. I stress patience and if I miss a move, I am OK with it, but I really am picky in where I go long as I understand the vast moves to the upside these stocks have already made.


Let's move into the socially responsible realm with Whole Foods (WFMI). You know that I was worried about the vast move to the upside and the potential for a double top, so bear calls, covered calls and even married puts were discussed over the past few weeks on this blog. Has the double top been satisfied? Is it enough of a dip percentage wise to go back in?

Moving into forex, let me begin with yesterday's BUFFALO BOUNCE in the EUR/USD, which proved to be a large winner as equities hit there highs and then retraced:

Today, we are again getting good movement and a DOUBLE FALL LINE TRADE came up in the USD/CAD:


Lot's of economic data to get through as we head into the unemployment report on Friday. Yes, I am hoping for a downside surprise, BUT I am not going to tell you which direction the equities will go if that happens. So far, the average is about 185k, it would be nice to see a 100k or less print.
Happy Trading and Be Environmentally Cool
Coach Brian

The Local's Take: Bullish Commentary

Good Afternoon,
Just for the record, since I have started this blog, I haven't had a "Bearish Commentary" when it comes to the broad markets and I am definitely not bearish now. I basically put an "all out buy" on the blog yesterday and the markets cooperated. As we will see, the SPY broke out today and is at a new bull market high.
Why was I so bullish? We have lots of data tomorrow with Durable Goods and the Fed.  Look back at the markets and do some research to the few days leading up to a Fed announcement. We rally (hard) about 90% of the time. It seems that the markets are daring the Fed to NOT say EXTENDED. Basically, the closer it gets to an announcement, the more the markets rally as they are saying: "don't dissapoint us Ben!" because we will fall hard if you do anything but stay accomodative. So my expectation is: we will see the Fed say that:
**inflation isn't proven to be a consistent problem (go buy some milk!)
**rates will be low for an extended period.
If we don't get that message, look out below! In addition, we have public appearances by Ben as well as initial claims and GDP and then we are only a week away from the unemployment report. I estimate that we will add no more than 200k jobs.
To the markets we go and I want to show you that breakout in the SPY:

Moving into the forex markets and this is why I title my webinars (next one tomorrow evening) BACK TO BASICS because every currency pair is acting differently. We had a beautiful DOUBLE FALL LINE TRADE in the GBP/USD:

Look at what the EUR/USD did during the same timeframe:

Not too similar on a day trade, but overall the pattern is weak USD as shown in both charts on a daily timeframe (GBP/USD is on top and EUR/USD is on bottom)

The dollar smashing continues as equities leaked higher today. USD/CAD is around .9400.
Let's wrap up with our socially responsible investing plays starting with WFMI - I have been calling for protection due to a severe increase in price and the potential for double tops: covered calls at resistance anyone?


Cheap LED's anyone with the worldwide leader, CREE:

Not sure are you? This is a good example of a LAGGARD. The markets rally hard and this stock gets pummeled - this is where you know fundamentals are in charge and it can be dangerous to trade it to the long side, but you may want to invest in it as its yield may become more attractive.
Happy Trading and see you tomorrow night for the webinar,
Coach Brian